Residential Rentals | RentCafe Millennials are more rent-burdened than Gen-Xers and baby boomers. According to an analysis of census data going back to 1974, economic conditions are harsher for millennials than their predecessors. Millennials between the ages of 22 and 30 pay $92,600 in total rent before they turn 30. This means that, for most of their 20s, millennials funnel 45 percent of their income on rent. This is higher compared to 41 percent for […]
source https://therealdeal.com/2018/03/28/millennials-on-average-spend-45-of-their-income-on-rent/
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