Gen Z is facing mortgage payments twice as high as those older gens paid. According to Hamptons, Gen Z’s average monthly mortgage payment is £1,739, double the £863 that Millennials faced when purchasing their first home. Meanwhile, Halifax, the U.K.’s largest mortgage lender, has reported a steady increase in house prices for three consecutive months, nearing record highs. While Millennials dealt with costly homes, they were able to take advantage of lower mortgage rates, but Gen Z is faced with both inflated property prices and higher interest rates. (Independent)
📊 YPulse data: 61% of European 13-22-year-olds agree, “It’s harder for my generation to accomplish life goals than past generations”
