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The New York Times
With a median income of $126,900, members of Gen X are still amassing wealth, according to a report released Wednesday by the National Association of Realtors®, or NAR, a trade group. "They are in their peak earning years," said Jessica Lautz, the group's deputy chief economist and vice president of research. Many members of Gen X find themselves in the sandwich generation, or simultaneously supporting children (some of whom are adults themselves) and parents. To manage caregiving, some home buyers are choosing three- and four-bedroom homes to accommodate their multigenerational households. "It's a stubborn trend; it's not a flash in the pan," said Dr. Lautz, the deputy chief economist at NAR, which found that 19% of Gen X-ers who bought a home in 2023 purchased a multigenerational home. "Gen X-ers seem to be caring for parents and having younger adults boomeranging back into their homes."
