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Millennials Abandon Homeownership: 74% May Own by Retirement

12/24/2025

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Summary

Story summary

The study by economists Seung Hyeong Lee and Younggeun Yoo finds millennials are abandoning homeownership.
The study projects 74% of those born in 1990 will own homes by retirement, down from 84% of those born in 1950.
By age 30, 15% of millennials have given up on buying a home.
The researchers propose targeted subsidies.
Experts warn of a housing shortage and estimate a need for 2 million housing units.

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Story summary

The study by economists Seung Hyeong Lee and Younggeun Yoo finds millennials are abandoning homeownership.
The study projects 74% of those born in 1990 will own homes by retirement, down from 84% of those born in 1950.
By age 30, 15% of millennials have given up on buying a home.
The researchers propose targeted subsidies.
Experts warn of a housing shortage and estimate a need for 2 million housing units.