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Generation Z to Spend Record Amount on Rent

May 25, 2018

Photo: Unsplash/Hamish Duncan

Generation Z is expected to spend $226,000 in rent on average before owning a home.

Business Insider reports that this amount is more than any generation before it. Millennials are spending $202,000 in rent on average before buying a home and Baby Boomers have spent an average of $148,900, adjusted for inflation.

This figure comes from new analysis from HotPads, which also predicts that Generation Z will buy homes earlier in life than Millennials, spending 11 years renting before buying to Millennial’s 12-year average.

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