OECD Highlights Housing Costs as Key Driver of Inequality in Developed Economies
The OECD has emphasized that rising housing costs are a significant driver of wealth and generational inequality in developed economies. The report highlights that housing affordability has become a mainstream concern, affecting a broader range of social groups than ever before. In countries like Spain, citizens are spending over 40% of their net income on rent, which is contributing to a growing wealth gap. The transformation of housing into a global financial asset, driven by international capital and institutional investors, has disconnected it from its social function, leading to increased tensions and calls for regulatory measures. 
