💨 Abstract

The article discusses the disparity between older generations, particularly baby boomers, and younger generations, such as Millennials and Gen Z, in terms of homeownership. Baby boomers are increasingly buying properties with cash from previous residences, while younger generations rely on savings to get on the housing ladder. This trend is observed in both the US and the UK. The 'Bank of Mum and Dad' remains a common source of funding for younger buyers.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖