In some ways, they're actually faring better than their older millennial peers, and their struggles point to larger cracks in America's social support systems.
Younger millennials are getting creative about becoming homeowners, explained Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors.
Because younger millennial women are focused on their careers, they're continuing the overall millennial trend of delaying family formation.
AdvertisementAnd some of younger millennials' accumulated wealth has faded thanks to inflation, Ricketts said.
He pointed out that younger millennials who invest their wealth well are more likely to consume and drive economic growth.
Persons:
I've, —, Diana Elliott, somethings, Gabby Davis, Davis, Gen Z, Cuspers, they've, Elliott, they'll, millennials, Rollin, Zers, Louis Fed, didn't, Louis, Lowell Ricketts, Ricketts, aren't millennials, who've, Younger millennials, Jessica Lautz, They're, Lautz, they're
Organizations:
Service, Pew, Population Reference, Louis Fed, Fed, National Association of Realtors, NAR, Young
Locations:
U.S