4 ms·
From about 2010 onwards we have had the phenomenon of the High-Income White Collar Itinerate - the Silicon Valley worker living in a converted van, or the remot
by piltdownman 2mo ago
From about 2010 onwards we have had the phenomenon of the High-Income White Collar Itinerate - the Silicon Valley worker living in a converted van, or the remote coder working from a LOC country with low barriers to entry regarding Visas and Taxation. These being the 'privileged' demographic.
The less fortunate simply deal with shrinkflation of the bottom tiers of Maslow's Hierarchy of Needs. Only 12% of married Americans under 30 own a home in 2026. In 1960 it was 52%.
https://wealthvieu.com/homeownership-rate-by-demographics/ https://wealthvieu.com/homeownership-rate-by-demographics/
The pandemic-heightened desire for more spacious and independent living, as well as “excess” savings accumulated early in the lockdown stages of the pandemic, propelled headship rates of young adults by two percentage point to 43.1%, the highest level since 2010. This still didn't meet parity with the historic norms of 1990-2000s.
https://eyeonhousing.org/2023/01/how-pandemic-changed-living-arrangements-of-young-adults/ https://eyeonhousing.org/2023/01/how-pandemic-changed-living...
In other news, U.S. Home Prices Are up 29 Percent Since 2019.
https://www.jpmorgan.com/insights/global-research/real-estate/us-housing-market-outlook https://www.jpmorgan.com/insights/global-research/real-estat...
tl;dr Americans will vote for an Economy over a Society, so long as Social policies continue to be villainized in political discourse.