We’ve posted a lot about the millennial generation over the past couple years. They’re an important demographic that investors would be wise to keep their eye on. Recently, apartment listing site ABODO did a deep-diver into some of the numbers to come up with the top cities across the country where millennials still live at home. Using data from the federal government, they found that millennials (compared with all other generations) are most likely to be living with their parents than any other living situation. Furthermore, they say that they’re “the largest, most educated generation in history” – so, are they onto something? Either way, they need a place to live and real estate investors are best positioned to provide it.
“The problem isn’t just high rent, or just lack of education, or just unemployment, or just low pay. Often, it’s a combination. Millennials are not only earning less than their parents did as young adults, but the majority of Millennials who pursue post-secondary education also graduate saddled with an average student loan debt hovering around $30,000.”
Click here to read the full report on ABODO.com.
