Gen Z can't afford the American Dream—so they've traded homeownership for paying off debt. 'Their debt feels heavier because it hits earlier'

Gen Z can't afford the American Dream—so they've traded homeownership for paying off debt. 'Their debt feels heavier because it hits earlier'

Gen Zers are having a difficult time buying a house because of the increasing costs of homeownership—and because many are drowning in debt related to student loans, credit cards, and buy-now, pay-later arrangements. Just 3% of homeowners in the U.S. are Gen Zers, according to the National Association of Realtors. Buying a house has long been the American dream. It’s a sign of financial stability and is often considered one of the ultimate invest…