Gina Heeb
speaker
171 appearances
4 recordings
1 series
first heard Feb 2023
last heard Jan 2025
Gina Heeb’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Americans in Their 30s Are Racking Up Debt at Historic Rates · 17 Apr 2023
podcast
And the last round of stimulus checks went out in 2021.
And millennials are getting hit the hardest in some ways.
Many spent thousands of dollars on unplanned child care costs when schools were closed.
And some relied heavily on a pandemic era child tax credit program that stopped.
And a lot are trying to buy homes.
So there was already a really significant and growing wealth gap between millennials and other generations before the pandemic.
And this rapid buildup that we've seen in the past few years could actually worsen that trend.
It's really important for people of prime working age to feel like they're on good financial footing because it empowers them to take risks that can power the broader economy.
So that includes things like starting a new business or investing.
But for millennials in their 30s, they haven't been feeling that way.
They weren't before the pandemic and they certainly aren't now.
We know that this group has much lower rates of homeownership than other generations.
And that's the main way that we build wealth in this country.
And a lot of millennials feel like that's out of reach for them.
Like we saw with Stacey, the housing boom that we saw over the pandemic really drove up prices as well as mortgage rates.
And it's made
Monthly payments, unaffordable for a lot of people in this group.
Exactly.
Thanks so much for having me, JR.
As one analyst put it to me recently, 2021 was kind of the Wild West for the auto market.
Showing 101–120 of 171 · page 6 of 9
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