Millennials can’t afford real estate — destined to remain sad apartment dwellers

Millennials can’t afford real estate — destined to remain sad apartment dwellers

[Ed. – So these believers in socialism have not had the discipline to save toward their futures? Not surprising. They’re waiting for the government to rescue them.]

The American Dream for millennials just turned a new corner: Thanks to soaring student debt and crushing financial liabilities, homeownership is not in view.

Despite a slight uptick lately, the home ownership rate among millennials remains the lowest compared with previous generations. Roughly 1 in 3 US millennials under 35 owned homes at the end of last year.

Many analysts say indicators point to US millennial homeownership declining, perhaps even heading for a dive if a recession strikes.

Trending: You know what else is wrong with whites? They’re hung up on things like punctuality and rules

According to a new study by LendEDU, 26% of millennials who are not yet homeowners identify a lack of savings; 10% blame “overwhelming” student loan debt; 5% blame “overwhelming” credit card debt; 6% blame other debt; and 17% cite poor credit. Nearly a quarter cite low income.

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