Higher interest rates lower all asset prices. Young people are asset low and labor income high. They want low asset prices. It's people who already own assets that want low rates. Higher rates benefits young people.
No… it’s because wages haven’t met inflation for over 30 years now. If we jacked up interest rates right now the housing economy would collapse in a decade because no one would sell what they bought and no one would buy.
Higher interest rates lower all asset prices. Young people are asset low and labor income high. They want low asset prices. It's people who already own assets that want low rates. Higher rates benefits young people.
Young people are asset low and labor income low. That's the problem.
Their labor income seems low because asset prices are so high.
No… it’s because wages haven’t met inflation for over 30 years now. If we jacked up interest rates right now the housing economy would collapse in a decade because no one would sell what they bought and no one would buy.
You know what reduces inflation? Higher interest rates.
Their labor income seems low because it is low.