"Even though having pets became somewhat of the new craze for Gen Z and millennials who knew they couldn't afford to have human children, that's seemingly become too expensive on top of housing costs. Some people even report staying in a marriage or relationship longer than they wanted because they couldn't afford housing plus a divorce or to live on their own."
"The following are sacrifices Americans have made in order to afford housing, according to the Redfin report: Moved in with parents Moved in with other family members Moved in with roommates Moved in with a romantic partner I had to give up my pet(s) Gave up or reduced college savings for their kids Decided against or delayed having a child Enrolled my child(ren) in a low-rated school Moved in with my grown children Postponed getting a divorce or separation"
More than 44% of U.S. homeowners and renters report struggling to afford mortgage or rent payments. Many people have been forced to forgo dining out and vacations and to delay major life milestones such as marriage and having children. A Redfin-commissioned survey conducted by Ipsos in May of over 4,000 homeowners and renters documents moves into parents', family members', roommates' or partners' homes, giving up pets, cutting college savings, enrolling children in low-rated schools, and postponing divorces. First-time homebuyer numbers have fallen to historic lows compared with 2004 levels near 3.2 million.
Read at Fortune
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