More baby boomers are buying homes in America than people under 35 — why that’s a risky reality for everyone

So it’s no surprise that a NAR survey found that 33% of younger millennials received a gift or loan from a friend or relative to help with a down payment. This is consistent with a Pew Research Center finding that only 45% of millennials claim to be financially independent from their parents. [5]Most millennials and Gen Zers make half or less of the $114,000 average salary needed to buy a home today. [4]Unfortunately, young would-be home buyers are held back by stagnant wages, inflation, relatively high int ...