More millennials now own their own home than rent one, leaving Gen Z the only group where most still have a landlord
More millennials now own their own home than rent one, leaving Gen Z the only group where most have a landlord, according toMillennials – also known as Gen Y – were born between 1981 and 1996. They come after Gen X and before Gen Z, or those born between 1996 and 2012.
They've been helped by a rise in median annual income to $108,000 as of last year, according to the report. Millennials enjoyed the highest increase of any cohort. Home ownership in the US remains dominated by Boomers – those born from 1946 to 1964 – with 32.1 million owners, followed by Gen X with 24.4 million home owners.
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