this post was submitted on 30 Apr 2026
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55% of millinials own a home. This is down from about 59% of gen x.
Y'all need to touch grass. There is a downward trend, the bottom didn't fall out.
No, 55% of millennials own a home or have a mortgage. These are not the same thing, though they are counted the same by most statistics, especially those that want to pretend the economy hasn't gotten progressively worse since 1968 which was around the peak of America's golden age economy.
If you have a mortgage, you do not own your home. It can and will be taken away from you the second you are disabled or otherwise out of work. Over a fifth of chronically homeless Americans were 'homeowners' at one point during their lives. Until you have a paid off home you have no possible financial security. You're infinitely better off than anyone renting, but you are not as good as a boomer who had their home paid off within five years of starting their mortgage.
Less than 1% default. Not really socialital collapse.🤷♂️
That's 2 million people a year btw.
And nowhere close to societal collapse.