Monday, March 13, 2017
Millennials are the patient generation — but not necessarily by choice.
In 1960 America, the median age for a first marriage was 20 for women and 23 for men. Today, it’s 27 and 29, respectively, according to the latest census data.
They’re having kids later in life, too. The CDC reports the age of a first-time mom, 26.3, has risen by nearly a year and a half since 2000.
No surprise, then, that millennials aren’t buying houses at the rate other generations did. In the fourth quarter of 2016, the homeownership rate among Americans under 35 was 34.7 percent. In 1980, it was 43.8 percent. That decline is a major reason the overall homeownership rate in the US,63.7 percent, is hovering near a 50-year low.
Read more here.