I’d venture to say a big chunk of those folks inherited wealth. Most millennial homeowners I know inherited money from grandparents, aunts, uncles, and/or parents.
I’d venture to say a big chunk of those folks inherited wealth. Most millennial homeowners I know inherited money from grandparents, aunts, uncles, and/or parents.
WoahWoah@lemmy.world 2 months ago
Roughly 3% of Millennials have inherited money according to the findings in Northwestern Mutual’s 2024 Planning & Progress Study.
Lowpast@lemmy.world 2 months ago
Misleading statistic. This doesn’t include parents/grandparents who buy houses and then put their kids name on the lease.