Part 1/7:
Understanding Mortgages and Wealth Inequality
In today's discussion, we delve into the intricacies of mortgages and their critical role in perpetuating wealth inequality in society. This exploration stems from a growing concern about the widening wealth gap, where resources are increasingly funneled from ordinary middle-class families to the ultra-wealthy.
We see the impact of this transfer of wealth through various lenses:
Declining Homeownership: A significant decline in home ownership rates, particularly among younger generations.
Reduced Financial Asset Accumulation: Difficulties faced by individuals in accruing financial assets, especially in pensions, compared to earlier generations.