Part 6/10:
Several demographic factors shed light on these financial disparities. Baby Boomers faced less competition in the housing market, as the population was lower during the 1970s and 1980s. Furthermore, marriage rates and dual-income households were more prevalent among Boomers, allowing for easier financial stability. In contrast, current Millennials and Gen Z are experiencing prolonged periods of single living, deferring marriage, and establishing households at a slower rate—statistics show that only 55% of Millennials live independently compared to 69% of their predecessors.