Millennials - many of whom entered the job market during the Great Recession -- have had the hardest challenge becoming home owners. That challenge has become even harder.
In comparison, Generation Z – those who were born 1997 to 2012 – are a bit more positive about the prospects of buying a home "given that they had a really great labor market," Fairweather said. in August, topping the 170,000 jobs forecast by Refinitiv economists. This underscored a resilient job market in the face of high interest rates.
That figure topped the 157,000 jobs added in July, though it was far from the sharp gains seen last year and earlier this year. Between June and August, only 449,000 jobs were added, which marked the lowest three-month total in three years, the Associated Press reported. "Gen Z might be just more optimistic about their ability to work and save and get to a point at some point today where they'll be able to buy a home," she added. "For millennials, I think they're just more pessimistic that they missed its golden opportunity. "
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Millennials trading in big-city expenses for small-town affordabilityMark and Heather Gehan are among the millennials, younger Gen Xers and older Gen Zers moving out of big cities.
Read more »
Yield curve pioneer warns Fed not to raise rates, predicts possible recession in 2024Duke University's Campbell Harvey said it would be unwise for the Federal Reserve to raise rates in November, citing current economic figures and conditions.
Read more »
Consumer retail spending holds steady as recession worries drag onShopdog analyzed spending data from the Census to illustrate how American consumers are holding up under continued inflation.
Read more »
Fifteen Years after Great Recession, Activists Call on AIG to Prevent Financial Meltdown Caused by Climate ChangeFifteen years after American International Group Inc. (AIG) nearly failed due to reckless financial practices, forcing the federal government to respond with a $182 billion bailout, protesters today rallied at the company’s headquarters, calling on the insurance giant to take steps to quickly end it...
Read more »
5 great Wesley Snipes movies you should watchWesley Snipes is one of the great movie stars of his generation.
Read more »
10 Great Movies With Terrible Titles, According to RedditFrom The Princess Bride to Baby Driver, Reddit users enjoyed these 10 movies but thought their titles could have been better.
Read more »