You've probably heard some variation of this question time and time again over the past decade: 'Why aren't young people buying houses anymore?' The answer, according to a recent survey, is simple: money.
over the past decade:"Why aren't young people buying houses anymore?" The answer, according to a recent survey, is simple: money.
Most members of the Gen Z and millennial generations – U.S. adults between the ages of 18-25 and 26-41, respectively – do want to own a home someday, or even right now. Their biggest roadblock is affordability, respondents said in aThe findings: Nearly three-quarters of American adults still view homeownership as a top hallmark of achieving the so-called American Dream, beating out the ability to retire , a successful career and having children .
Specifically among millennials, 65% identified homeownership as a top sign of success. That number fell to 59% for Gen Zers — still a large figure, and neck-and-neck with that generation's top choice of having a successful career .