https://medium.com/@chrisjeffrieshomelessromantic/poll-70-of-americans-between-the-ages-of-23-and-40-who-want-to-buy-a-home-say-they-cant-afford-07902bcaea6d The dream of homeownership has long been a cornerstone of the American dream. However, for a significant portion of young Americans, this dream remains elusive. A staggering 70 percent of individuals aged 23 to 40 who aspire to buy a home find themselves unable to afford it. This article delves into the root causes of this affordability crisis, exploring economic, societal, and policy factors that contribute to the struggle faced by millennials and Gen Z
Just want to point out that this is the rate among millennials who want to own a home but haven't bought one yet, so it's not important without knowing how many millennials rent. There's only a few reasons to wait, so it makes sense for money to be a big one. The original source (note the 2019 date) phrases it like this:
About 50% of millennials already own homes, and the survey found that 12% of the renters didn't plan to own a home. 70% of 44%; this question found that at least 31% of millennials can't afford a home.