HomeCoursesLivestreamOn-DemandResourcesHall of FameInvestor ForumsStoreTraining Schedule Guest: Sign In / Register

News Feed

Why Is Homeownership Among Millennials at an All-Time Low?

By: Elite Legacy Education, September 20, 2016

Why Is Homeownership Among Millennials at an All-Time Low?


The traditional life path that many people followed for years was “Go to college, get a job, get married, buy your home and spend 20-25 years paying off the mortgage.” We see Millennials doing all of those things except for owning their own house. In fact, homeownership amongst this age group is at an all-time low. Experts are currently unsure if this trend will change direction in the near future.

While this statistic may be alarming, it is rather easy to deduce how we have arrived at this point.

Let’s start with the fact that it is now harder than ever for college graduates to find a job that is related to their degree. On top of that, many are struggling to find any sort of employment. It is common for Millennials to go through multiple jobs until they are able to land something that is more permanent and representative of a career.

Secondly, the college tuition rates are rising every year without any sign of slowing down. Millennials are graduating with tens of thousands of dollars in debt that may never be paid off in their lifetime. Most of them find themselves unable to pay their loans off fast enough and the debt simply continues to rise due to the accumulation of interest.


When you couple those two factors together, the picture becomes far clearer: Millennials are simply unable to afford the cost and responsibility of owning their own home. This problem is exacerbated in cities like San Francisco and New York where the housing prices are among the most expensive in the U.S.

How are Millennials going to pay off their debts and save up money for a home in the future? They will usually split the rent with their friends in order to save money on living costs. Failing that, they will live with their parents until they can save enough money to pay off their college debts, buy a house, or do both at the same time.


It is simply not feasible for many Millennials to own a house from a financial perspective. There are many problems that need to be fixed in order to increase homeownership amongst this age group. Everything is getting more expensive and Millennials find it challenging to adjust to the financial hardship of paying off large debts and finding stable employment. 

Why do you think homeownership is at an all-time low for Millennials? Leave your thoughts on social!

Today's market is filled with many opportunities for the savvy investor. Our Rich Dad Education trainers will introduce you to proven strategies that can help you launch your career as a successful real estate investor. Our Rich Dad Education instructors will also discuss ways you can develop a "Rich Dad Mindset".

Don’t miss out on all of the ways Rich Dad Education can help you reach your goals in life!

Learn more about Real Estate Investing in our upcoming free interactive webinar! Register Here

Want the live experience? Attend an upcoming free workshop coming to your area! Register Here

What our students are saying: I've run my rentals as a hobby in the past but now know how to run it as a business. Erik T. San Diego, CA

Browse through our Rich Dad Education reviews by clicking above!

Founded in 1992, Elite Legacy Education is a recognized global leader in quality financial education.
Legacy Education Alliance, Inc. is a leading provider of educational training seminars, conferences and services.
Rich Dad Education offers real estate & stock training based on Robert Kiyosaki's book Rich Dad Poor Dad.

© LEA Brands, Inc. All Rights Reserved.

The Elite Legacy Education word mark and logos are owned by LEA Brands, Inc. and are used with permission.

Elite Legacy Education is a trade name of Elite Legacy Education, Inc., a Florida Corporation.

The educational training program provided hereunder is not designed or intended to qualify students for employment. Our curriculum is avocational in nature and is intended for the purpose of the accumulation of wealth by, and the personal enrichment, development and enjoyment of, our students.

Privacy Policy | Terms | Cookies