Page 12 - Homeownership and Youth Social Mobility: Where comes the feeling of hopelessness among youth, and how can we restore hope?
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Relatively higher income growth of non-degree graduates still
dwarfed in comparison to sky-rocketing housing prices
Change in Median Income,
Non-degree Graduates (at Age 30-34)
In 2001 In 2021
Monthly Income $11,000 $15,000
(non-CPI adjusted)
Income change +36%
Housing price change +399%
(RVD territory-wide, all classes index)
Sources: Census and Statistics Department, Rating and Valuation Department
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