Inequality

This is why owning a home is more difficult than ever for young people

Households too poor to access a mortgage for the set minimum market price are shut out of the housing market. Image: UNSPLASH/Tierra Mallorca

Gonzalo Paz-Pardo

Senior Economist at DG Research, European Central Bank

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Inequality

Changes in the economic environment fully explain why younger generations aren't leaving the family home. Image: Vox EU
Shutting young people out of housing markets may affect their relationship and childbearing decisions. Image: Vox EU

Younger generations stay renters for longer due to having less stable incomes, making big purchases like a home seem unviable. Image: Vox EU

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In the US, the average young household is less wealthy than a similar household was 20 years ago Image: Vox EU

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InequalityReal EstateFinancial and Monetary Systems

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