Commentary
Popular newsletter writer Aaron Renn recently highlighted a guest post by Tom Owens arguing that young people today face much more difficult economic circumstances than previous generations did. Anyone who has looked into buying a house in the past four years can understand young people’s frustration. The Case-Shiller house price index has recorded a shocking 50 percent increase in median home prices from the beginning of 2020 to the end of 2024. Even people making pretty good money experience sticker shock, especially with mortgage interest rates at more than 6 percent. And, of course, we all just experienced the highest U.S. inflation in 50 years.
