#generational-wealth-gap

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Real estate
fromBusiness Insider
23 hours ago

The housing market has been brutal for millennials. So why are first-time homebuyers getting younger?

The median age of first-time homebuyers reached a record high of 40 in 2023, up from the historical norm of early 30s, reflecting pandemic-era housing market shifts and affordability challenges.
fromFortune
5 months ago

Boomers' wealth soars, leaving millennials and Gen Z behind

As young buyers scrape together down payments, boomers are sitting on $82 trillion in wealth-more than twice what Gen X has and four times as much as millennials. New research shows the wealth gap has only widened since the 1980s, as older generations saw bigger gains in homeownership and stocks while younger people took on faster-growing mortgage debt. With boomers holding onto large homes and aging in place, younger buyers are struggling to break into a shrinking market.
US news
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