//Millionaire To Millennials: Income Inequality Isn’t The Problem, Avocados Are

Millionaire To Millennials: Income Inequality Isn’t The Problem, Avocados Are

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Tim Gurner believes millennials can not afford homes due to the fact that they're buying Starbucks and also avocado salute. Cenk Uygur and also Ana Kasparian, the hosts of The Young Turks, simplify. Tell us what you believe in the remark area below.

" Easily spending on avocados– the pricey, popular superfruit beloved by youngsters– might be one of the reasons that some young people can't afford a home, according to Australian millionaire and also property mogul Tim Gurner.

" When I was trying to buy my very first residence, I wasn't getting wrecked avocado for $19 and also four coffees at $4 each," Gurner informed the Australian news program 60 Minutes.

Only 32% of home owners were new buyers in 2016, the lowest point since 1987, according to a study by NerdWallet. A current study by HSBC located that American millennials have a homeownership price of 35%, and in Australia just regarding 28% of millennials have their residences. Expense is commonly a significant factor in millennials' choices to buy– the research discovered that a lot of young homeowners got a financial increase from their moms and dads when making their purchase.

" We go to a factor now where the assumptions of younger people are very, really high," Gruner claimed. "They intend to dine in a restaurant on a daily basis, they intend to take a trip to Europe annually. Individuals that have houses today worked extremely, very hard for it, conserved every dollar, did whatever they can to get up the building financial investment ladder."

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Hosts: Cenk Uygur, Ana Kasparian

Cast: Cenk Uygur, Ana Kasparian


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Youthful Turk (n), 1. Young dynamic or insurgent participant of an establishment, movement, or political event. 2. A young adult that rebels versus authority or social assumptions.( American Heritage Thesaurus).