Buying a house is one of the biggest purchases a person can make. How many Gen Zers have already done it?

Answer: About 30%

Questions:

• Did you estimate that more or less than 30% of Gen Zers owned their own house? Why?
• What are some factors that young people took advantage of over the last few years, enabling them to take big financial steps like buying a house?
• As interest rates are on the rise and mortgage rates go up, do you think young people will continue to buy homes at a higher rate? Why or why not?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Morning Brew): 

"Parents will have to go back to criticizing their kids for excessive screen time or killing golf, because not owning a home is no longer an accurate roast. A new report from Redfin found that 30% of Gen Zers age 19–25 owned their own homes as of last year—which is higher than the 27% of Gen Xers and 28% of millennials that did at the same age.

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About the Author

Ryan Wood

Ryan is the Partnerships and Adoption Manager for Next Gen Personal Finance’s midwest region. He brings his experience as a former teacher, curriculum designer, and sales and marketing professional to state organizations and school districts in supporting the implementation of their personal financial education efforts. He graduated from the University of Wisconsin-Green Bay and earned his teaching credential from Saint Mary’s University in Winona, Minnesota. He proudly taught at two rural high schools in Wisconsin before transitioning to curriculum design at NGPF, and is now excited to be on the front lines in delivering the best possible financial education in the midwest. He and his wife have three beautiful daughters, each of which inspire him to share the impact of being sound financial stewards both at home and as lifelong learners.

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