Building generational wealth in rural America
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 20 May 2024
⏱️ 11 minutes
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Summary
Related:
There is growing segregation in millennial wealth
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Transcript
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| 0:00.0 | NPR. |
| 0:03.0 | I have lived in a lot of different cities from Chicago to Boston, |
| 0:18.0 | from New York to DC, and all these places have the same basic problem. |
| 0:23.0 | Too many people, not enough affordable housing. |
| 0:26.0 | And so occasionally I have thought, |
| 0:29.0 | what if I moved away from the big cities, right? |
| 0:32.8 | Somewhere to the country, you know, where the corn grows high |
| 0:35.9 | and the housing costs are low. |
| 0:38.0 | I hate to burst your bubble Adrian, |
| 0:40.1 | but the country has its own housing troubles. |
| 0:43.0 | Welcome back, Stephen Bessaha, |
| 0:45.0 | Golf State's Newsroom reporter and Dream Crusher. |
| 0:48.0 | I wear many hats. |
| 0:50.0 | But it's true, while the grass might be greener when you're surrounded by asphalt, |
| 0:54.8 | rural areas, they have their own housing crisis, a rural housing crisis. |
| 0:59.5 | And the reason that's important beyond, you know, needing a place to just live is that housing is one of the main ways people build generational wealth. |
| 1:08.3 | Okay. As the name implies, it's the passing down of wealth from one generation to another. Housing is used to do that in both urban and rural spots, |
| 1:17.2 | but like it often goes, things work just a bit differently, whether you live in urban America or the country. |
| 1:23.0 | This is the indicator for Planamani. |
| 1:26.0 | I'm Adrian Ma. |
| 1:28.0 | And I'm Stephen Bissaha from the Gulf State's newsroom. |
| 1:30.0 | We're a family of public radio stations in Mississippi, Alabama, and Louisiana. |
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