Re:Inequality, Interest Rates, Aging, and the Role of Centra...
by lordnacho on Wednesday September 01, 2021 @10:14AM
(#28380084)
> Eh. Part of the reason is that living in the US is just plain expensive.
This is backwards. The point of the article and the GP is to explain why it's expensive. Reason seems to be low rates -> assets inflate. Naturally those assets tend to be in the hands of older/wealthier people.
This is backwards. The point of the article and the GP is to explain why it's expensive. Reason seems to be low rates -> assets inflate. Naturally those assets tend to be in the hands of older/wealthier people.