Millennials make up an increasingly small percentage of homeowners, and members of every generation should be concerned. That’s the conclusion drawn by the Federal Reserve and the Economist in a special report summarized earlier this year by the Philadelphia Inquirer.
In 2019, millennials (with a median age of 31), owned just 4% of homes. By comparison, Baby Boomers, whose median age was 35 at the time, owned nearly 33% of homes in 1990.