Detailed text transcripts for TV channel - MSNBC - 20190705:18:53:00
The price gains if you own a home has made home ownership less feasible for new buyers. so if you had a home, you've done well. if you didn't have a home, the prices have made it hard to get in. but then the recession occurred and nearly 8 million americans lost their homes. since then prices have again risen dramatically in places like wealthy metro areas, especially along the coasts. in 2004, middle-class home ownership rates stood at about 70%. in 2016, we are now at about 60%. so that's one area of wealth. there is also the issue of low participation in the stock market. we talk a lot abou...
Source: archive.org