Generational Divide: Gen Z More Optimistic About Homeownership Than Millennials
Gen Z is more optimistic about owning a home compared to millennials, with only 12% of Gen Z respondents believing homeownership would not be possible in their lifetime, compared to 18% of millennials. The ability to save for a down payment was cited as a major barrier by both generations, although millennials expressed more concern in this regard. Despite their optimism, both generations face obstacles such as high home costs and student loan debt that hinder their ability to become homeowners.