The source adds the following information: "Gen Z is defined as the generation of people born between 1997 and 2012. Millennials 1981 and 1996. Gen X 1965 and 1980, Baby Boomers and older are people born before 1965"
"The analysis is based on data from around 2.5 million rental applications from RentGrow, Inc. for approximately 34,000 apartment communities. Only properties that had data available for all years pertinent to the analysis were included."
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Breakdown of apartment applicants in the U.S. 2021, by generation
In recent years, more and more Gen Zers and Millennials are entering the housing market as home buyers or renters. In 2021, almost half of rent applications in the United States were submitted by Millennial apartment seekers. In comparison, Baby Boomers and older were responsible for only *** percent of applications.
According to a survey conducted in 2021, a large percentage of Millennials and Gen Zers are not currently saving for a house.
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