Boomers Enjoy Low Rates and Wealth Gains While Millennials Struggle to Afford Homes

Boomers locked in low mortgage rates while rates have surged for millennials.

Homeownership rates and affordability have decreased significantly for millennials.

Boomers hold the majority of wealth and have benefitted from massive wealth transfer.

Boomers spend more on healthcare and home improvement while millennials struggle with higher costs.

A future transfer of wealth from boomers to millennials could support housing, especially luxury.