Meredith Whitney, who is known for successfully forecasting the 2008 financial crisis, said that younger Millennials and Gen Z - who she calls the 'avocado toast generation' - have missed out on $21 trillion in equity which older generations have built in home ownership.'We are seeing record low homeownership levels for those under 38,' she told DailyMail.com. 'Homeownership has been a forced savings vehicle in the US, but particularly in the last 12 or 15 years, because interest rates have effectively been at zero. We have seen $21 trillion of equity built up in homes over the last decade, which is obviously an incredible wealth creator.
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