Reasons for millennials to choose renting over buying a home U.S. 2018-2022
In 2022, three in four millennials who had given up on homeownership said that they would most probably always rent because they think they cannot afford to buy a home. Approximately one 26 percent of millennials did not plan to become a homeowner because of the flexibility associated with renting. In the past years, the share of millennials that expect to always rent has been increasing.