For their nine-month-old son, Miles, Rachael and Garrett agree: They’re not going to push him to pursue the same path.
“This is the American Dream,” Rachael says.
The nest egg mythA common refrain Millennials heard from their Boomer parents is that buying is always better than renting.
Luke Sharrett/Bloomberg/Getty ImagesCentral to the pitch of the American Dream is a house.
“I don’t think anyone could have foreseen house prices going up 20% or 30% in a three-year period,” Garrett says.
Persons:
Pennsylvania CNN — Rachael Gambino, Garrett Mazzeo, —, Miles, Rachael, Garrett, They’re, ’ ”, ” Rachael, Kristen Gambino, Rachael Gambino, Deborah Brunswick, John General, America it’s, Brendan Duke, Baby, Millennials, gumming, Obama, ”, Louis, Boomer, Luke Sharrett, they’d, ” Garrett, they’re, homeownership, We’re, “ we’re, That’s, Duke, ” Duke, “, Camerota, Matthew Friedman
Organizations:
Pennsylvania CNN, “, CNN, Center for American Progress, of Education, America, Federal Reserve Bank of St, Bloomberg, Getty, Federal Reserve Bank of Philadelphia, Workers, Center, American Progress ’
Locations:
Lansdale, Pennsylvania, America, United States, Attom, financials