Generational Perspectives on Homeownership and Market Trends

While high home prices and interest rates have made homeownership and borrowing more challenging for young Americans, baby boomers have generally benefited from these economic conditions. Rising home prices have increased the wealth of existing homeowners, particularly older Americans who have seen their real estate values grow over time. Boomers who locked in fixed mortgage rates are less affected by the recent spike in interest rates, unlike younger generations burdened by high mortgage rates and costly credit card debt. Additionally, high interest rates have provided retired boomers with the opportunity to invest in low-risk bonds that offer higher returns.