Owning a home may be a pipe dream for millennials. Here's how members of Generation Rent differ from their parents.
One of the most depressing news stories I've read in the last few years is one asserting that the Millennial generation will be the first to be worse off than their parents. This factors in salaries, health costs, and social security, but also our prospects (or lack thereof) of ever Owning A Home, that classic American declaration of independence. Recent numbers are sketching out a harsh reality: that our hopes of owning property may be unrealistic, and that we will become a generation of renters in the next few decades. Here are a few ways Generation Rent differs from their parents: