Economy

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Gen Z Doesn’t Have the Money to Move Out (www.fairobserver.com)

submitted 7 months ago by King@lemy.lol to c/economy@lemmy.world

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[–] DestroyerOfWorlds@sh.itjust.works 22 points 7 months ago

We have a (gen z) nephew who bought a van to live out of. We thought it was an "adventure lifestyle" type thing. Came to find out he's working two jobs and trying to save for a deposit on an apartment. Just 8 years ago we were working our asses off saving for a down payment on a house. We wouldn't be able to do that now. We'd be stuck in forever rent if we were lucky. We have friend working for a big tech firm that pays well and she pays more for her 2 bedroom apartment per month in rent than our 3 bedroom house in mortgage. We've lived in the same places the same amount of time. People are being squeezed out of existence.