"As wages barely increase for workers in their 20s and 30s...this age group are living in rented housing instead of owning homes.....only 28% of this age group owned homes in 2008, down 14 percentage points from 25 years earlier.... the percentage who rented housing rose 20 points to 60%....more people are living in smaller spaces due to an increase in temporary and part-time employment and relatively low wages...In the Tokyo area, the percentage of those in their teens, 20s or 30s residing within 500 meters of a train station in 2010 rose 1-3 points from a decade earlier."
Source: Home Ownership Down In Younger Set
The Nikkei
June 22nd 2013
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