Gen Z to Spend $145,000 on Rent by 30, RentCafe Finds

An average member of Generation Z will spend $145,000 on rent by their 30th birthday, RentCafe, Santa Barbara, Calif., found, noting millennials spent $127,000 during that period of their lives (14% less).

Inflation Hitting Millennial, Gen Z Renters Harder than Others

Millennials who took on a new rental lease in July saw their overall cost of goods and services increase 11.6% year over year, substantially higher than 8.5% for the U.S. population as a whole, said Redfin, Seattle.

Millennials, Gen Z Continue to Lag Behind in Homeownership

Millennials and Gen Z—the most underrepresented cohorts in homeownership—continue to lag behind after nearly two years into the coronavirus pandemic, according to a survey by PropertyShark, New York.

Millennials, Gen Z Trust ‘Bank of Mom and Dad’

Millennials and Gen Z have become increasingly prevalent in the housing market. But to get there, they’re still turning to the “Bank of Mom and Dad.” And that’s having a ripple effect on their Boomer parents.