Story perspectives

1990s Births Face 9.6% Homeownership Gap, Study Reveals

12/7/2025

Summary

Story summary

A study by Northwestern University and the University of Chicago finds that people born in the 1990s have a homeownership rate 9.6 percentage points lower than their parents.
As perceived chances of owning a home decline, younger generations pursue more consumption and riskier investments.
The housing market remains challenging, with homeowners reluctant to sell due to low mortgage rates and high costs, and the study suggests subsidies for young renters.

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Story summary

A study by Northwestern University and the University of Chicago finds that people born in the 1990s have a homeownership rate 9.6 percentage points lower than their parents.
As perceived chances of owning a home decline, younger generations pursue more consumption and riskier investments.
The housing market remains challenging, with homeowners reluctant to sell due to low mortgage rates and high costs, and the study suggests subsidies for young renters.