Schooling, credit card, and car debt are also commonly very high among "millenials" which these days is everyone mid-30-ish (edit) and below even if you want to talk about teens n' such because of how useless and handwavey all these generational war terms are. Remember avg. new car price is over $30K right now. Even used OK cars are damn expensive. The low wages + irregular gig style jobs don't help at all either. Because just everyone can get a STEM degree and job right? And it was totally the way it was for Mom n' Pop 30-40yr ago too that they had to get STEM degrees/jobs to get a "starter" home too riiiiight? /extra sarcastic Also, technically speaking, winning the lotto or finding gold buried in your backyard isn't out of reach either. But what are the chances? How about focusing on what is practical and realistic instead of just-so "solutions" that aren't realistic for most?? Just like the last bubble due to widespread BS loans this problem is everywhere to some degree. And just like last time moving is expensive and risky since rents are high everywhere close to jobs.