Young Americans left out of US boom in housing wealth
America’s housing wealth has staged a complete recovery since the financial crisis, but the holdings are increasingly skewed towards older borrowers and away from the young, according to new research from the Federal Reserve Bank of New York. The FT...
FT News in Focus · Financial Times
May 21, 20188m 13s
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Show Notes
America’s housing wealth has staged a complete recovery since the financial crisis, but the holdings are increasingly skewed towards older borrowers and away from the young, according to new research from the Federal Reserve Bank of New York. The FT's US economics editor Sam Fleming explains.
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