Thanks to skyrocketing costs, student debt is more of a burden for millennials than it was for any previous generation just starting out. Prices for health care, child care and real estate pose more of a problem. And that's not all: According to a new analysis from Rent Cafe, the generation that largely hasn't been able to buy homes has also had to deal with way higher rent prices.
Rent Cafe's report found that younger millennials are paying a median rent total of $97,400 in 2017 dollars between the ages of 22 and 29, and those who are now 30 paid a median rent total of $93,400 in that eight-year span.
Gen Xers, by contrast, only paid the equivalent of $81,400, while baby boomers paid even less. When today's septuagenarians were in their 20s, their rent amounted to $66,900.
If prices continue to rise, the situation looks grim for Gen Zers: Tomorrow's twenty-somethings could pay a median total rent of $102,100 before they turn 30, the site forecasts.