Generation Rent

"Generation Rent" refers to a demographic, particularly younger individuals and families, who are unable to afford to buy homes and consequently rent instead. This situation often arises due to rising property prices, stagnant wages, and economic challenges. As a result, many people experience long-term renting rather than homeownership, which can impact financial stability and social mobility. This phenomenon has sparked debates about housing policies, affordability, and the challenges younger generations face in achieving traditional milestones like owning a home.