Most Gen Z workers struggle to live on their own, report finds
Newsy
High rent and low wages mean most Gen Z workers can’t afford to live alone, with big gaps in affordability depending on the city.
Young adults with full-time jobs are having a tough time living on their own, according to a new report from LendingTree. A survey found that just 26.9% of adults ages 18 to 27 who work full time are able to live comfortably on their own.
By comparison, more than half of millennials, Gen Xers and baby boomers with full-time jobs can live comfortably on their own.
LendingTree defined “living comfortably” as being able to afford a standard one-bedroom apartment while spending less than 30% of income on rent.
The ability to afford such housing varies widely by metro area.
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