Rent prices in the US have increased to the point where many young adults, particularly those in their 20s, are struggling to afford housing. The idea that housing costs should not exceed 30% of monthly income is becoming increasingly unrealistic. This especially affects Generation Z adults who have just moved into their first homes and are early in their careers. Many of these individuals are sacrificing their passions or choosing to live in smaller cities or with their parents. Owning a home is seen as an unachievable dream for many, and some find the idea laughable. Conversations about spending such a large percentage of income on rent often carry an air of hopelessness. For example, one person spends 75% of their income on rent and has to limit their driving and grocery purchases. This situation has led to a growing feeling that homeownership is no longer a part of the American dream for Generation Z.
>>Join our Facebook Group be part of community. <<