The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going ‘back to the early 1900s’

Millennials are divided into two distinct groups: older millennials (ages 36-45) with higher homeownership and income, similar to boomers, while younger millennials (ages 27-35) face lower homeownership rates and financial challenges like student loans and high rent. Research from the National Association of Realtors and the Federal Reserve Bank of Minneapolis highlights a widening gap, with younger millennials buying smaller homes, making smaller down payments, and struggling with debt.