>>Millennials are also expected to continue experiencing rent burdens as they age. Having entered the labor market during and following the Great Recession, those in the millennial generation have received lower wages and experienced higher rates of unemployment and underemployment than their older counterparts at this point in their lives. As a result, millennials have less wealth accumulated, have delayed forming new households, and are less likely to become owners at the age that older generations had previously. n combination, we are likely to see additional household formation by millennials over the next decade and expect a relatively higher share to remain renters during that period.
Or....its due to easy hook-ups, internet porn, and the fact that marriage in America has become a life-destroying catastrophe for men (due to child support, no-fault divorce, and the weaponizing of domestic violence claims to gain the advantage in family court).
People who live their life on the internet through a collection of devices that barely fill up a milk crate have little use for the responsibility of home ownership. It is not their American Dream. Nationwide WiFi is their American Dream.
The cost of education is also.a significant factor. It’s hard to buy a house when you owe $120,000 for a four year degree.
marriage has become an anvil around the neck of many American women as well....can’t tell you how many women I know, both married and unmarried by living with their honey are the SOLE provider..