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by koolba 2882 days ago
> In years past, young homeowners got gifts or loans from family to help assemble a down payment for a home. This really is no different, although it signals that the millenials' parents have no free cash to loan their children.

Or they're just (financial) idiots and decided to spend the same cash on a lavish wedding. It's hilarious (in a black comedy sort of way) how many people complain about not being able to afford a down payment yet spent more than enough for the down payment of an FHA loan on their weddings.

1 comments

Millenials are getting married even later than GexX couples. I'd attribute it more to higher rent costs and student loans attacking their savings rate.