{"id":1926,"date":"2018-06-13T18:13:00","date_gmt":"2018-06-13T18:13:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2018\/06\/13\/millennials-threatening-baby-boomer-housing-empire\/"},"modified":"2025-03-13T02:34:12","modified_gmt":"2025-03-13T02:34:12","slug":"millennials-threatening-baby-boomer-housing-empire","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2018\/06\/13\/millennials-threatening-baby-boomer-housing-empire\/","title":{"rendered":"How Millennials Are Threatening The Baby Boomer Housing Empire"},"content":{"rendered":"

They say to raise a child from birth to the age of 18, a parent will spend approximately $233,610 per child<\/a>.  Most parents can expect to double that amount since the average number of kids per family in 2017 was 1.9. Also, due to expensive housing markets<\/a>, many millennials<\/a> are moving back home to save money after college.<\/a> At the end of the day, I wouldn’t bank on the number above on being entirely accurate.<\/p>\n

<\/p>\n

Let’s break the numbers down even further. The average 20-something with student loan debt is looking at having an average balance of about $22,135 at time of graduation.  If married, then double that number.  Match that with what a college graduate can expect to earn at their first job  ($50,390 ),<\/a> and it’s easy to see how simultaneously starting a family and saving for a down payment may seem overwhelming.<\/p>\n

\"Baby<\/p>\n

Millennials are feeling as if they need to choose one at a time due to finances, and, in many markets, affording to do both does seem out of reach.<\/p>\n

So, what has caused this significant drop in birth rate? Is it economics? Is it student debt? Other life choices? Read the recently publish Zillow report<\/a> to gather more insights.<\/p>\n

 <\/p>\n

 <\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

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