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Cake day: June 15th, 2023

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  • errer@lemmy.worldtoComic Strips@lemmy.worldJust Work Harder
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    5 days ago

    I see comics/memes posted about this constantly and while it is slightly true, it’s not true enough to really be funny, to me at least.

    Millennials are tracking behind their parents: 62% of 40-year-olds owned their home in 2022, lower than the 69% rate for baby boomers at the same age.

    62 vs 69% is a very meh difference, it’s still roughly 2 out of 3 people who’ve bought a house.

    And Gen Z is actually tracking very slightly higher than Gen X:

    Gen Zers are tracking ahead of their parents’ homeownership rate: 30% of 25-year olds owned their home in 2022, higher than the 27% rate for Gen Xers when they were the same age. But the Gen Zers who didn’t take advantage of the pandemic-era’s low mortgage rates could be left behind.