noun a term used to describe the demographic cohort of individuals who are renting rather than owning homes
Generation rent refers to the demographic cohort of young adults who are unable to afford to buy their own homes and are therefore forced to rent instead.
Sociologists may use the term Generation rent to analyze the social implications of a generation that is more likely to be transient and have less stability due to renting rather than owning their homes.
In the field of economics, Generation rent is often used to describe the impact of rising housing prices and stagnant wage growth on a generation that is struggling to achieve homeownership.
The term 'Generation rent' is often used by writers in articles and opinion pieces to discuss the trend of younger generations being unable to afford to buy a home and instead having to rent for an extended period of time.
Psychologists may use the term 'Generation rent' when studying the impact of housing instability and financial stress on mental health and well-being among young adults who are unable to afford to buy a home.
Economists may use the term 'Generation rent' when analyzing the economic implications of a generation that is unable to build wealth through homeownership and the potential long-term effects on the housing market and overall economy.
Real estate agents may use the term 'Generation rent' when discussing market trends and the increasing demand for rental properties among younger generations who are unable to enter the housing market as buyers.