These Charts Show Why Most Millennials Couldn’t Buy Homes at 24
Struck by major recessions at critical points in their financial development, many millennials are missing out again on the chance to buy a home and start a family.
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Millennials get flak for a lot of things, but splurging on avocado toast and daily lattes aren’t what’s holding them back from owning a home.
With the average U.S. home price now topping $330,000 and decades-high inflation well outpacing wage gains, the generation now ages 26 to 41 is feeling the squeeze just as they should be entering their financial prime, leading many to put off marriage and having kids.