this post was submitted on 22 Mar 2026
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No. They can. There is clear stats on this. 54% of first time home buyers in the millennial generation, had parental assistance in buying their first home. If your parents did help you buy your first house, you're in the minority of millennials.
And in my personal experience that totally tracks. Most people I know my own age... had parental help buying homes. But they do not talk about it at all, because they know it's shameful. They still look down on people who don't own homes though!
Only a minority of millennials paid their own way through life, as in paid for their own college, cars, houses, etc. Of course, that's going to vary widely regionally. You are going to see people in the Midwest who went to state schools, probably the majority of those who did pay their own way. But if you talk about coastal USA, that's where the proportion of people who got everything bought for them, is going to be much higher. Where I live, in Boston, it's incredibly rare to find anyone who paid for their own school and housing in 2026, due to the HCOL that makes it only really affordable for people who already have money.
I've met many people who tell me my parents are abusive because they didn't buy me a house or pay for my education... that's how crazy it is here. I'm sure in the Midwest it's very different.
I've taught in poorer locations in the Midwest. Ton of college students in those sorts of areas are going to get zero assistance from their families. When you look at need-based metrics for scholarships and the like you will have a ton of people whose familys compute to a negative contribution to their education.
Yes, I know. I was one of those students. Though I'm not from the Midwest.
But here on the East coast, people like us are a minority of the college educated population. Only about 33% of the students at my undergraduate were on financial aid. 67% were paying full price and there are a lot of schools that have that ratio.
Yup. And same. I grew up in mining country.
Most millennials don't own a home. Home ownership at the same age boomer > Gen x > millennial. Just focusing on the fraction that owns a home ignores the vast majority who don't. It tracks that the ones who own a home have intergenerational wealth, as that divide widens it's the only way it's feasible. But it's still a small minority of the population
55% of millennials own homes. Stop spouting nonsense. In another 5-10 years that number will go up substantially, as they age into the median homebuyer age of 40. I bought my place at 37, over 5 years ago.
65% of people own homes in the USA. You are again, making crap up that is not true. A minority of people don't own homes, and most of them are in their 20s and 30s because they haven't built up enough money to own one yet.
And yeah, you won't ever own one if you're a doomer who is YOLOing all your savings away, like many 20/30 somethings I know. Instead of dropping fat stacks traveling the globe or chasing trends, maybe you should be saving and investing.