Millennials Under Pressure

The Lawhead Team would like to share the latest One Cool Thing from the C.A.R. about the pressures Millennials face in today’s real estate and job market. 

MillennialsAchieving the American dream has proven more difficult for millennials.

Boomers bought homes and raised families during more optimistic times when there was a big middle class and healthier job market. Millennials have faced a real-estate market bust, overwhelming college debt, and delayed career starts – impacting earning potential and leaving unique financial pressures on the largest generation in history.

The cost of purchasing a house has increased

Median household incomes have decreased

Many more households are struggling with students loans

$245,340 – Cost of raising a child from birth to age 18

Source: The Futures Company, 2016

*adjusted for inflation