Rising Rent Prices Deepen Wealth Gap for Young Adults

Reported about 1 year ago

In the era of inflation, soaring house prices have made it difficult for young people to buy a home, leading to a significant rise in rental thresholds as well. Most young generations are facing heavy pressures of low salary and high living costs, with the high property prices and rents not easing up. This situation not only extends the rental period and reduces the ability to purchase a home but also compresses the space for young generations to accumulate wealth, thus widening the wealth gap between generations.

Source: YAHOO

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