Across Generations: Income, Home Ownership and Where People Live

June 14, 2024
A woman, seated, speaking into a microphone.

St. Louis Fed economist Victoria Gregory discusses what has and hasn’t changed regarding income, homeownership rates and, ultimately, where people decided to live in the U.S. across four different generations.

This 8-minute podcast was released June 14, 2024, as a part of the Timely Topics podcast series.

What patterns emerge when you zoom out and look at more than 80 years of data on income and housing? The answer is both nuanced and surprising. “Many members of these newer generations seem to be starting off their careers in smaller metro areas,” said St. Louis Fed economist Victoria Gregory. “These early in life location patterns are interesting because location choice is usually driven by job opportunities and affordability concerns.” In this podcast, Gregory reveals what did and didn’t change regarding income, home ownership rates and, ultimately, where people decided to live across four different generations.

Economists and experts talk about their research, topics in the news and issues related to the Fed. Views expressed are not necessarily those of the St. Louis Fed or the Federal Reserve System.

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