[Pollard]

On social media, many young people say things like, “Most people don’t live in houses because it’s too expensive.”

Yes, homes cost more now, but census data show more Americans own their homes now than when I was a kid.

He left something out. The age of the average home buyer now is 60 years old so it's the same people still buying homes as 30+ years ago. First time home buyers is almost 40 while 10 years ago it was 30. Average age of first time home buyer in the 60s was 23-24. The population has increased since Stossel was a kid. True that they were smaller and didn't have central AC.

Home prices have increased 10 fold as have car prices. Wages, quadrupled. Degree, increased 10 fold while the education quality has probably decreased 10 fold.

Can't imagine what the cause is

[tumblindice]

In 1965, the U.S. national debt was approximately $317 billion. This amount represented about 38.6% of the country’s gross domestic product (GDP) at that time.
Today, 124%.

Remember the debates over “guns or butter”? Or, Can we afford it?