Very interesting. I wonder how much is a housing effect.https://twitter.com/veltman/status/1201567824168308739 …
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The super brief and oversimplified version of which is “Millennials’ biggest *unique* problem is that they’ve got a lot less housing wealth than previous generations did due to high buy-ins, but their biggest problem on an absolute scale is simply being young.”
Remember that average human lifespan is increasing from 1920 onward as well, though it has likely plateaued here in 2020? Means more old rich people
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