Much has been written about the how millennials today are slower to marry and buy homes than young people of the same age in previous generations, but they are not alone. Their Gen X elders have also fallen behind in the markers for economic maturity.
According to a new report from the Employee Benefit Research Institute (EBRI), Gen X households — called the "sandwich generation" because they're caught between paying for college, caring for their parents and saving for their own retirement — are also less likely to own a home than prior generations of the same age, 40 to 51.
Slightly more than 65% of families headed by a Gen Xer owned their home in 2016, down from just over 75% and nearly 72% in 2004 and 1992, respectively, according to EBRI.
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
