patrick.net

http://ochousingnews.com/news/why-our-less-educated-parents-and-grandparents-were-more-intelligent-on-homeownership?source=Patrick.net

Many of the Generation X (me) and most of the Baby Boomers where sons or daughters of parents that their highest level of eduction was high school. In fact none of my grandparents completed high school. In contrast, the baby boomers attended college in record numbers leading to explosion in the number of higher education institutions and this trend continued in sequent generations. Just look at how many colleges were founded after 1945 and huge increase of enrollment at existing institutions. However, something happened with the knowledge transfer between generations. The more educated generations have a worse financial track record...

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