Millennial homeowners outnumbered millennial renters for the first time last year.
Millennial homeowners outnumbered millennial renters for the first time last year, despite creeping interest rates and aNearly 52% of the first generation to grow up in the Internet age — people born from 1981 to 1996 — were homeowners in 2022, making the largest ownership gains of any generation in the last five years, according to a newThe number of millennial homeowners increased by 7.1 million between 2017 and 2022 to 18.2 million, a 64% increase.
There are still 17.2 million millennial renters, which is still considered the dominant renter generation, RentCafe found. The average millennial bought their first home at 34, slightly older than the average age of past generations, when boomers took the keys at 33 and Gen X at 32.Baby boomers, who were born 1946 to 1964, own about 32.1 million homes as of 2022, but lost 354,000 homeowners in the last five years.but Gen Z, born 1997 to 2013, has the smallest number of homeowners with about 2 million, up 1.6 million in five years.Gen Z gained nearly 4.5 million renters in the last five years.
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.
Millennial and Gen Z travelers have bigger budgets but seek deals, Hopper app saysMost Millennial and Generation Z travelers are planning bigger 2023 travel budgets but also growing more cost-conscious when booking flights and hotel accommodations, according to travel booking app Hopper.
Read more »
SpaghettiOs Gets Spicy in First-Ever Flavor Collab Aimed at MillennialsSpaghettiOs teamed up with Frank's RedHot for its first-ever flavor collaboration to create a new Spicy Original SpaghettiOs.
Read more »
Boomers are buying up homes, blocking millennials from housing marketInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
South Korean millennials and Gen Z are raging against a 69-hour workSouth Korean millennials and Gen Z are raging against the idea of a 69-hour workweek. They are tired, having fewer babies, and are even working themselves to death.
Read more »
Donald Trump receives polling boost from millennialsThe former president was found to be most popular among that key demographic as he attempts to re-enter the White House.
Read more »
Millennials are most likely to have a side hustle to combat cost of livingThe survey of 8,500 respondents across 10 countries — including 2,000 Americans — revealed 43% of people surveyed have asked for financial help in the past 12 months.
Read more »