Millennials will spend 45% of income on rent before age 30!

Most rent burdened generation March 26, 2018 Kelsey Ramírez 1 Comment KEYWORDS HOMEOWNERSHIP INCOME MILLENIALS RENTCAFE RENTING As rent prices continue to rise, a new study shows Millennials are paying about 45% of their total income toward rent, and pay out close to $100,000 toward rent before they turn 30. Analyzing U.S. Census Bureau data going back as far as 1974, a new study from RentCafé found that Millennials have been the hardest generation for those ages 22 to 30. And the future does not look bright for Generation Z. As it turns out, Millennials pay about $92,600 in rent by the time they turn 30. While they may earn more in income compared to previous generations, they also have…

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