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Kids are generally an asset in poor countries and a liability in rich ones. That doesn’t negate the fact that those distinctions are drawn from societal causes.
by bumby 1y ago
Kids are generally an asset in poor countries and a liability in rich ones. That doesn’t negate the fact that those distinctions are drawn from societal causes.
>home ownership is pretty much constant
I’m not convinced this metric is as good as you imply. It may just imply people are more buried in debt. If you look at the proportion of debt-to-GDP, household debt went from ~15.8% in the 1940s to peaking at 128% just before the financial crises, and settling to lower levels since then.
There’s a difference between “owning a home” and “living in the banks collateral”