> The average Millenial buyer bought their first home at 34, compared with Gen X’s average age of 32 and Boomers at 33.
I’m surprised these are that high. The typical thing people think going back is that boomers and Gen X got married at 24 and 27 and then bought houses. Clearly not.
There’s a mythology that boomers could just graduate from high school and buy a house and two cars on one income at a factory. Then they could work for that same factory until retiring with a pension. Mom could stay home with the kids who could then all go to college with no debt.
Many Boomer men also had to spend a couple years as military conscripts, so that set them back in terms of establishing a career and earning enough money to buy a home.
I’m surprised these are that high. The typical thing people think going back is that boomers and Gen X got married at 24 and 27 and then bought houses. Clearly not.