The term 'guppies' — a play on 'yuppies' — is being used to describe Gen Zers and millennials priced out of the housing market who are 'giving up on property'
The 21-year-old telecommunications worker in Sacramento, Calif. earns an annual salary between $80,000 to $100,000, depending on the year, but says he is still locked out of the housing market.
The ‘guppies’ who can’t buy a home Orozco is not alone — and there’s even a new name for young adults giving up on home ownership.Buyers across the United States have been grappling with high mortgage rates, high home prices and a low level of home listings, which have brought the U.S. housing market to a standstill.
According to a recent survey from Zoopla, 38% of U.K. adults under 40 earning £60,000 who don’t own a home have given up on purchasing one in the next decade. The average salary for a full-time worker in the U.K. is just shy of £40,000 , according to the Office for National Statistics. “I make just under six figures and can’t afford a home,” added another, agreeing that the down payment is “the biggest hurdle.”Housing prices surged in the U.S. since the coronavirus pandemic, pricing many Americans out of homeownership. The median price for a U.S. home peaked in June last year at $413,800, and estimates suggest that after property taxes and insurance, a person would need to make over six figures to afford that median-priced home.
Persistence paid off for some near-guppies Yet some have pulled through, despite nearly giving up like the guppies.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
People Born Before 1990 Are Sharing The Life Moments That Technology Erased For Gen Z'The newer generation will never know the feeling of slamming a phone down when someone annoyed you on a call, then slamming it two or three more times for good measure.'
Weiterlesen »
Gen-Z Prodigy d4vd Talks Bananas, Backflips, and Meeting BeyoncéAfter playing two sold-out shows at the El Rey to support his debut EP, the TikTok sensation gave us a call to talk life on the road and rank his best celebrity encounters.
Weiterlesen »
Gen Xers face alarming retirement shortfall, study saysThe typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.
Weiterlesen »
Cox names Brig. Gen. Daniel Boyack new leader of Utah National GuardGov. Spencer Cox named a new leader of the Utah National Guard Monday after Brig. Gen. Michael Turley announced his retirement from the U.S. Army.
Weiterlesen »
| Gen X is not the ‘Trumpiest’ generationPolling suggests that support for Trump generally correlates to age.
Weiterlesen »