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Lifestyle
Riley Schnepf

EXPLAINED: Why are so many millennials skipping homeownership altogether | Rare Historical Photos

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Image source: Pexels

For decades, buying a home was the cornerstone of the American Dream—a symbol of stability, success, and adulthood. But that dream is looking less attainable and less appealing to an entire generation. More and more millennials are skipping homeownership entirely, opting instead to rent longer, live with roommates well into their 30s, or forgo long-term housing commitments altogether.

It’s not just a phase. This shift in attitude is a direct reflection of a world where wages haven’t kept up with the cost of living, student debt is staggering, and the idea of a 30-year mortgage feels more like a trap than a life goal.

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