From baby boomers to alphas, every generation struggles when buying a first home
From baby boomers to alphas, every generation struggles when buying a first home
Each generation has had its own unique struggles with first-home ownership. But which has had it the worst? Experts say it has little to do with smashed avo.
Title is borderline rage-bait (for younger generations), but it seems like they're trying to lure in the baby boomers who want to be told how tough it was back in their day, and then they hit them with some actual facts.
E.g.
The 25 to 39-year-old baby boomers in 1991 were three times more likely than the 25 to 39-year-old millennials in 2021 to own their home outright.
Got some damned weird generation definitions there.
Protip: genX'ers were not 40 in 2024
4And boomers were not 25 in 1991. That would mean being born in 1966; the cutoff I've usually seen is in the early '60s.
41946-64 iirc. Genx cuts off at 1980, some ranges would even cut me out at '78
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I was born in 1990, and the only people in my age group that I know who are buying houses are doing so with the help of family wealth. So long social mobility.
4Not surprising that people who aren’t bothering to read the article are down voting.
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