3 ms·
Hmm, given the average age of a millenial is ~33 the statistic and the claim (exaggerated as it is) don't necessarily need to be totally out of alignment.
by SketchySeaBeast 3y ago
Hmm, given the average age of a millenial is ~33 the statistic and the claim (exaggerated as it is) don't necessarily need to be totally out of alignment.
- PaulDavisThe1st 3y agoThe primary problem with this claim as it usually presented is that it tends to ignore that earlier generations did not go from kindergarten to home ownership in a year: you grow up with your parents' generation's condition as "normal" when it actually represents 30-50 years of "accumulation". So yeah, 10 years ago, very, very few millenials owned a home. But that was true for 23 year old boomers too.
- SketchySeaBeast 3y agoYou can look at that data too. https://www.forbes.com/sites/katherinehamilton/2023/04/21/gen-z-ahead-of-millennials-and-their-parents-in-owning-their-own-homes/ https://www.forbes.com/sites/katherinehamilton/2023/04/21/ge... Millennials own less homes than boomers did at their age. Though based upon the data Gen Z is possibly turning things around.