Millennials’ massive debt burdens also make it difficult to them to save for a down payment at any housing price. For households headed by someone younger than 35, median debt ballooned from $21,000 in 1989 to $39,000 in 2016. So it’s likely that millennials will rapidly bridge some of the housing gap visible in the chart above. ADADOne mystery remains however: As things stand, the share of housing wealth accumulated by American millennials is falling — in 2016 it reached a high of 7.5 percent and has been declining steadily since. Conversely, boomers and members of the silent generation have seen their collective share of the American housing market rise about 5 percentage points since 2016.

Source: Washington Post January 20, 2020 12:00 UTC