First-Time Homebuyers Are Dwindling. That’s a Bad Sign for the Economy.
Economists are always watching the housing market as a barometer for the health of the broader economy, and some see...
archiveGen Z
‘The entire stock market is on sale’
While the stock market crash sent baby boomers into panic mode, Gen Z was grabbing the popcorn and sharing their plans to get rich. “Forget about the Sephora sale… the entire stock market is on sale right now,” one excited 24-year-old shared on TikTok. Meanwhile, a 22-year-old shared how she made $42K in less than an hour thanks to the volatile market. The world’s stock markets tanked late last week in response to President Donald Trump’s new tariffs—and baby boomers watched in horror as their dreams of a comfortable retirement...
Top 1% of Americans have enough money to buy 99% of US homes
As the saying goes, a rich man is nothing but a poor man with money — and real estate. More than 13% of the country’s real estate assets are owned by the wealthiest 1% of Americans — a circumstance that significantly enriched the well-heeled over the past two years of sky-high rates and housing shortages. The 1% has been so enriched, a recent Redfin analysis revealed, that their combined wealth could now feasibly purchase almost every home in the nation. The analysis further concluded that the top 0.1% alone could purchase...