Benchmark
Blame Middle-Aged Americans for the Red-Hot U.S. Rental Market
If you think the rent is too high, meet the 45- to 64-year-olds pushing it up
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As demand for U.S. rental housing surges, it's not just millennials driving the trend.
Households between the ages of 45 and 64 accounted for about twice the share of renter growth as those younger than 35, according to a new Harvard Joint Center for Housing Studies report. In part, that's unsurprising: It's a larger age group of adults. What is unexpected is that those older households are historically more likely to own, yet the 55 to 64 age group counted for a larger share of rental growth than any other age group between 2004 to 2014.