Across Generations: Income, Home Ownership and Where People Live
What patterns emerge when you zoom out and look at more than 80 years of data on income and housing? The answer is both nuanced and surprising. “Many members of these newer generations seem to be starting off their careers in smaller metro areas,” said St. Louis Fed economist Victoria Gregory. “These early in life location patterns are interesting because location choice is usually driven by job opportunities and affordability concerns.” In this podcast, Gregory reveals what did and didn’t change regarding income, home ownership rates and, ultimately, where people decided to live across four different generations.