Population Aging and Wealth Inequality Has A Relationship
Population Aging and Wealth Inequality Has A Relationship

Population Aging & Wealth Inequality Has A Relationship

Population Aging and Wealth Inequality Has A Relationship
Population Aging & Wealth Inequality Has A Relationship
I have my doubts on the presumption of causality on point two - are they sure an aging population causes income inequality, and not the other way around? Because I'd be more willing to believe (as I've experienced and multiple surveys have indicated) that economic strife causes couples to delay or forgo having children.
A lot of economic strife is caused by housing shortages. This can be caused by an aging population: people who live longer take longer to pass on their house to their children; the older generation have also used housing as an investment vehicle and/or purchased second/holiday homes; and the elderly are typically the most likely to object to new housing developments, blocking their construction.
My feeling as that an aging population drives inequality, and inequality drives an aging population. It creates a feedback loop that requires active intervention to break, for which there is insufficient political will... because old people vote more consistently than young people.
I don’t know anyone who inherited a house.
I don’t know anyone whose parents own more than one house.
I personally have objected to a large condo building that was planned on an unstable hillside with only a steep alley for access - cuz that shit was stupid in so many ways and a disaster waiting to happen.
Where is this huge population of wealthy old people who own multiple houses, and where are all these young people who are inheriting houses?
Just maybe we should be getting pissed at job insecurity, ruinous healthcare being used to chain workers, and falling wages for the source of wealth inequality…. Pretty hard to buy a house when your boss makes 500x what you do. (He’s making all that delicious money off you).