10 Compelling Reasons Millennials Aren’t Having Kids
- By
Julia Austin
Source: Thomas Winz / Getty
Home prices are growing too fast
Here’s another frightening fact: home prices have increased 156 percent since the 1960s, and wages have only increased by 49 percent. In the 1960s, a young couple could pay for a house with roughly 25 percent of their take-home income. Most millennials would laugh (or faint?) at that figure today. And generally speaking, when people want kids, they want a house to put them in. They want a home with several rooms, and maybe a yard for their kids to play in. They want the financial security of an appreciating asset, like a house, before taking on the financial responsibility of a child.
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