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Housing

International Comparisons of Intergenerational Trends: Income, Labor, Housing and Wealth

Tokyo Skyline
According to a new report from the Resolution Foundation, Japan significantly increased its per-capita housing stock between 1990 and 2015. The United States, by contrast, lost ground over the same period. Image Credit: iStock/Getty, yongyuan.

Led by MTC and ABAG, Vital Signs is the Bay Area’s performance monitoring initiative, tracking key trends related to transportation, land and people, the economy, the environment and social equity.  Vital Signs puts data in local, regional and national context by evaluating indicators over time, examining differences between cities and counties, and comparing the Bay Area with other peer metropolitan areas. 

Sometimes, zooming out to the international level can be just as illuminating. This new report – International Comparisons of Intergenerational Trends – from the Resolution Foundation, a British think tank, is definitely worth a look. The report “explores the extent to which the UK’s generational living standards challenge is replicated in other high-income economies,” focusing on trends in income gains and losses, labor markets, and housing and wealth for younger adults and millennials. 

The report has lots of fascinating findings (key points excerpted in full below), but one particularly interesting data point concerns relatively low housing stock levels, especially among primarily English-speaking countries – all of whose younger generations, it should be noted, are facing major housing price pressures.  Read More