The Stanford Center on Poverty and Inequality is a nonpartisan research center dedicated to monitoring trends in poverty and inequality, explaining what’s driving those trends, and developing science-based policy on poverty and inequality. The Center, a program of the Institute for Research in the Social Sciences at Stanford University, supports research by new and established scholars, trains the next generation of scholars and policy analysts, and disseminates the very best research on poverty and inequality.
Kirwan Executive Director Darrick Hamilton co-authored a section of the report on housing with Christopher Famighetti, a doctoral student and teaching fellow at the New School.
Key findings in the report include:
• Young millennials have lower rates of homeownership than Generation X, baby boomers, and the Silent Generation at comparable ages. We have to reach back to a generation born nearly a century ago—the Greatest Generation—to find homeownership rates lower than those found today among millennials.
• The racial gap in young-adult homeownership is larger for millennials than for any generation in the past century. Although the housing reforms after the civil rights era reduced the racial homeownership gap, all those gains have now been lost.
You can read the housing article here..
To read the report in its entirety, click here.