Generation Z, comprising 68 million individuals, demonstrates impressive savings habits, with many setting aside 11% to 20% of their incomes monthly. Despite this, only a small percentage of Gen Z members are participating in the housing market, primarily due to their comparatively low household incomes averaging $45,000. Most of this generation still resides with family, which aids in their saving efforts, yet they face challenges in transitioning to homeownership, reflecting a broader trend among younger generations in today's economic climate.
Generation Z holds a significant savings advantage over previous generations, but their desire to buy homes is hampered by lower household incomes and housing market challenges.
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