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The New Coffee Room

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  3. The Millennials Are Doing Alright

The Millennials Are Doing Alright

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  • A Away
    A Away
    Axtremus
    wrote on 7 Apr 2023, 12:26 last edited by
    #1

    https://www.usatoday.com/story/money/personalfinance/real-estate/2023/04/07/millennials-homeowners-majority-renters/11616240002/

    Most millennials are homeowners now, thanks to higher incomes and help from their parents

    ...
    When millennials became majority homeowners, their average age was 34. The average Gen Xers passed the benchmark at 32, while the average boomer was 33, ...

    Millennials reached a historically high median income last year of $108,000, up 44% from 2017 and the highest increase among all generations.
    ...

    The article also gives the "top 10" and "bottom 10" metropolitan areas with millennial homeownership. It seems to be the "top 10" are areas with cheaper housing costs while the "bottom 10" the most expensive.

    G 1 Reply Last reply 7 Apr 2023, 12:27
    • A Axtremus
      7 Apr 2023, 12:26

      https://www.usatoday.com/story/money/personalfinance/real-estate/2023/04/07/millennials-homeowners-majority-renters/11616240002/

      Most millennials are homeowners now, thanks to higher incomes and help from their parents

      ...
      When millennials became majority homeowners, their average age was 34. The average Gen Xers passed the benchmark at 32, while the average boomer was 33, ...

      Millennials reached a historically high median income last year of $108,000, up 44% from 2017 and the highest increase among all generations.
      ...

      The article also gives the "top 10" and "bottom 10" metropolitan areas with millennial homeownership. It seems to be the "top 10" are areas with cheaper housing costs while the "bottom 10" the most expensive.

      G Offline
      G Offline
      George K
      wrote on 7 Apr 2023, 12:27 last edited by
      #2

      @Axtremus said in The Millennials Are Doing Alright:

      It seems to be the "top 10" are areas with cheaper housing costs while the "bottom 10" the most expensive.

      I'm going to file that in the "No shit, Sherlock" section of my desk.

      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

      A 1 Reply Last reply 7 Apr 2023, 13:00
      • G George K
        7 Apr 2023, 12:27

        @Axtremus said in The Millennials Are Doing Alright:

        It seems to be the "top 10" are areas with cheaper housing costs while the "bottom 10" the most expensive.

        I'm going to file that in the "No shit, Sherlock" section of my desk.

        A Offline
        A Offline
        Aqua Letifer
        wrote on 7 Apr 2023, 13:00 last edited by
        #3

        @George-K said in The Millennials Are Doing Alright:

        @Axtremus said in The Millennials Are Doing Alright:

        It seems to be the "top 10" are areas with cheaper housing costs while the "bottom 10" the most expensive.

        I'm going to file that in the "No shit, Sherlock" section of my desk.

        Well look who posted it.

        Please love yourself.

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        7 Apr 2023, 13:00


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