In fact, 3 out of 5 of Gen Z renters — those born between 1997 and 2012 — spend more than 30% of their income on rent, according to recent research from Zillow.
In some cities, though, researchers found an uptick in rent-burdened young people from a decade before.
"It's really tough for young renters," Lee tells CNBC Make It.
"High rent burden can set young renters behind financially, impacting their ability to afford other essential expenses, let alone saving up for life goals down the road."
Here are the top five cities where more members of Gen Z are rent burdened as of 2022 than their millennial counterparts were 10 years prior, according to Zillow.
Persons:
—, Kenny Lee, Lee, Gen
Organizations:
Zillow, CNBC