Forbes staffer Laurie Gensler looks at a biennial study from the Harvard Joint Center for Housing Studies out Wednesday, underscoring the changing face of America’s renters.
What stands out in the study for Gensler is not so much the dramatic increase among the for-rent population, but the counterintuitive reality that it's not younger adults who make up the lion's share of new renters. Gensler writes:
Consider that the number of renters under 30 has increased by almost 1 million in the last ten years. Now compare that to the 3 million more Gen X renters and 4.3 million more renters in their 50s and 60s over the same period.