Student Loan Hero looks at how various living expenses from gas, movie tickets and beer to rent, homeownership and college have changed over the years. Findings include:
– Millennials buying their first homes today will pay 39% more than baby boomers taking the same step in the 1980s.
– Millennials pay the highest rents when entering the workforce, with a 2017 average of $1,358. By comparison, Gen-Xers paid just $850 (in today’s dollars) in rent per month at the same life stage, and the Silent Generation paid under $500.
– When millennials were born, tuition at public 4-year colleges was just $3,190 per year (adjusted for inflation). By the time they grew up and enrolled in college, tuition rose 213% to today’s cost of $9,970 per year.
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