Are homeownership, middle class status unreachable for millennials?

homeownership

homeownership18-34-year-olds a different breed of cat

By Rebecca Naser and Jeff Horwitt | The Wall Street Journal

Opinions on difficulty for millennials to achieve a middle-class lifestyle drawn from Hart Research Associates polling data for the John D. and Catherine T. MacArthur Foundations How Housing Matters Initiative. Hart Research Associates

Nearly seven in 10 millennials, or 69% of those ages 18 to 34, say they have it harder than previous generations in securing a middle-class lifestyle. But the story doesn’t stop at younger Americans feeling they have it harder than older generations. Seventy-seven percent of seniors say that young people today have a harder time achieving a secure middle-class lifestyle compared with their counterparts 20 or 30 years ago. The share of seniors with this view is striking, particularly given that many of them have lived through the Great Depression, World War II, Stagflation, the stock market crash of 1987, and, most recently, the Great Recession.

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If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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