Buying a house is one of the biggest purchases a person can make. How many Gen Zers have already done it?

Answer: About 30%

Questions:

• Did you estimate that more or less than 30% of Gen Zers owned their own house? Why?
• What are some factors that young people took advantage of over the last few years, enabling them to take big financial steps like buying a house?
• As interest rates are on the rise and mortgage rates go up, do you think young people will continue to buy homes at a higher rate? Why or why not?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Morning Brew): 

"Parents will have to go back to criticizing their kids for excessive screen time or killing golf, because not owning a home is no longer an accurate roast. A new report from Redfin found that 30% of Gen Zers age 19–25 owned their own homes as of last year—which is higher than the 27% of Gen Xers and 28% of millennials that did at the same age.

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About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.