For Millennials, the cost of major life milestones keeps rising, and staying out of reach.

For Millennials, the cost of major life milestones keeps rising, and staying out of reach.From buying a house to attending college to going on vacation, major financial decisions are far, far more expensive for Millennials than they were 50 years ago. For example, the median cost of a house in 1972 was $27K, and adjusted for inflation that’s around $190K, but the median cost of homes in 2022 is $440K. In addition, wages have “stagnated” since the 1970s. So, while the generation has gotten plenty of flack for delaying major milestones, the reality is that “when [B]aby [B]oomers were moving out of their parents homes, they were paying less and making more money.” The high costs of these once taken-for-granted steps mean that young people will continue to delay having families and buying houses. (Marketplace)