Economy

Gen Z Delaying Homeownership, Affecting Other Life Decisions, Poll Finds

For many, the wait to buy a home leads to other postponements, such as delaying marriage, children, or a career change.
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Gen Z Delaying Homeownership, Affecting Other Life Decisions, Poll Finds
A home for sale in San Marino, Calif., on Sept. 6, 2023. Frederic J. Brown/AFP via Getty Images
Panos Mourdoukoutas
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Buying a home has long been central to the American dream for younger generations, connected to goals such as having a stable residence, raising a family, and building long-term wealth.

But for Gen Z—those born between 1997 and 2012—homeownership is increasingly out of reach, with affordability a major hurdle, according to a recent Harris Poll for Coldwell Banker Real Estate.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”