Meredith Whitney says younger generations face significant financial headwinds.
Boomers are subsidizing Gen Z and millennial spending habits, ‘Oracle of Wall Street’ says
September 21, 2024
Millennials and Gen Z are gambling on a big mortgage-rate drop, using ARMs and refinancing. But that could be a ‘financial ticking time bomb’
August 26, 2025
The ‘Oracle of Wall Street’ says home prices need to fall 20% to end the ‘generational schism’
Boomers control the housing market, and their enormous equity will keep them in place: Whitney
"Inter-generational tension is not just because boomers have got rich from QE driving asset prices higher, especially housing,"…
Despite affordability headwinds, more than half of Gen Z still thinks homeownership is part of the American dream.
Locked out of home ownership, young adults are turning to risky financial behaviour
Young people are crossing a “threshold” into dangerous financial territory.
The first-time homebuyer just hit 40 years old for the first time ever, but the average homebuyer is nearly a senior citizen.
