Re:A.I. Is About to Solve Loneliness. That's a Problem
by mgraczyk on Saturday August 02, 2025 @04:06PM
(#44770925)
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)
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Re:A.I. Is About to Solve Loneliness. That's a Problem
by HaZeust on Saturday August 02, 2025 @04:58PM
(#44771417)
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...
Re:A.I. Is About to Solve Loneliness. That's a Problem
by mgraczyk on Saturday August 02, 2025 @05:27PM
(#44771686)
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"