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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This chart shows the share of households living in owner-occupied housing in the U.S.
Changes in the economic environment fully explain why younger generations aren't leaving the family home. Image: Vox EU
This chart shows the share of households living in owner-occupied housing in Southern Europe.
Shutting young people out of housing markets may affect their relationship and childbearing decisions. Image: Vox EU

This table shows the contribution of factors that have led to the decrease in rates of homeownership.
Younger generations stay renters for longer due to having less stable incomes, making big purchases like a home seem unviable. Image: Vox EU


Beyond GDP: read the full transcript here

A chart showing average wealth accumulated by households in a given generation - 1960s and 1980s.
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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