<
https://theconversation.com/the-housing-wealth-gap-between-older-and-younger-australians-has-widened-alarmingly-in-the-past-30-years-heres-why-197027>
"The housing wealth gap between younger and older Australians is undeniably
growing.
Our newly published study attempts to find out how much it has grown by
estimating the gap in the home equity of older people (Australians in their
50s) and younger people (Australians in their 30s) in 1997–98 and 2017–18.
Adjusted for inflation, we find that in 1997-98 the younger group had mean
housing equity of A$97,799 compared to the older group’s $255,323 – meaning the
older group had 161% more equity home equity than the younger group: 2.6 times
as much.
By 2017–18 the younger group had mean equity of $140,080 but the older group’s
mean equity had increased more to $467,182 – meaning the older group had 234%
more equity than the younger group: 3.3 times as much.
The housing wealth gap between the old and young had grown from 161% to 234% –
making it almost half as big again.
The increase in the gap between those we describe as the income-poor young and
the income-rich old was even more alarming – a doubling from 532% to 1230%."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
