4 ms·
I once made the observation that much of the older generation’s net worth is tied intimately with their homes. That if we exclude home equity, the resulting net
by drchiu 8y ago
I once made the observation that much of the older generation’s net worth is tied intimately with their homes. That if we exclude home equity, the resulting net worth is very little — demonstrating a pattern of poor savings habit and investing. Unfortunately, for the younger generations, they will have to be much more diligent savers and investors as they are now fighting asset price inflation — a problem previous generations didn’t have as much.
- hndamien 8y agoOr currency debasement/ asset price inflation.