Why were boomers able to buy a house on a single income while young people today struggle to even afford a down payment?
That’s the question financial influencer Ramit Sethi asked his followers in a recent YouTube episode. Answering his own query, Sethi said that “boomers built wealth in a system that no longer exists,” thanks, in part, to their changing the rules to prevent others from benefitting from housing opportunities they themselves had enjoyed for decades.
