3 ms·

I don't think what you're saying is true actually, do you have data? I assume young people actually spend a smaller proportion on rent because older people spen

I don't think what you're saying is true actually, do you have data? I assume young people actually spend a smaller proportion on rent because older people spend a very large portion (65+ spend around half)

HaZeust 1y ago
I mean partly, but it's because you’re mixing up aggregate vs within-group numbers. In this BLS table [1], the housing tenure lines do the work: 85% of under-25s rent, 58% of 25-34 rent, and only 22% of 65+ rent, while 53% of 65+ own outright. That’s exactly the exposure I’m talking about: young adults are mostly renters, so the rent surge bites them first. 1 - https://www.bls.gov/cex/tables/calendar-year/aggregate-group-share/reference-person-age-ranges-2023.xlsx https://www.bls.gov/cex/tables/calendar-year/aggregate-group...
- deleted 1y ago
  [deleted]
- mgraczyk 1y ago
  Maybe I am misreading but it looks like young people spend less than average Copy it into ChatGPT and ask "how much does each age group spend on housing"
  - HaZeust 1y ago
    ??? You're going to have to share with me what that means. Are you using GPT to come to your conclusions? Did you read the BLS table and literally CTRL+F the data percentages I gave?