I think that's a bit disingenuous. Home ownership under 35 is nearly 40%. 35 and up it increases to above 60%
https://www.census.gov/library/stories/2023/07/younger-house... has some nice statistics.
https://www.census.gov/library/stories/2023/07/younger-house... has some nice statistics.
> The name "homeownership rate" can be misleading. As defined by the US Census Bureau, it is the percentage of homes that are occupied by the owner. It is not the percentage of adults that own their own home. This latter percentage will be significantly lower than the homeownership rate.
https://en.m.wikipedia.org/wiki/Homeownership_in_the_United_...
If you have one person living on their own in a house they own, and four people renting bedrooms in a shared house, the home ownership rate is 50% despite only 20% (1 of the 5) of the people being home owners.
If the home owner then rents out one of their bedrooms to someone expanding the population between the two houses from 5 to 6, then home ownership rate is still 50% but now it's 16.6% (1 in 6) of people who own a home.
On one income, I owned my first house in 1994 for $425/mo and next in 2001 for about 2x that. Hurricanes hit elsewhere in 05 & 07 (last here 1921) & I lost the 2nd when my (mandated) insurance doubled my monthly house payment.
By 2021 we could minimally survive on 1.5 incomes (did 1). Today it's 3.5 incomes (have 4).
35-44: 62% 45-54: 70% 55-64: 75% 65+: 79%