00:00It's Benzinga, bringing Wall Street to Main Street.
00:03A record stock market may be reshaping how young Americans think about building wealth,
00:07with many opting to rent and invest rather than buy homes, according to the Wall Street Journal.
00:12With mortgage payments consuming up to half of median household income,
00:16the gap between owning and renting has widened sharply. A JPMorgan Chase report found 37% of
00:2225-year-olds had investment accounts in 2024, up from 6% in 2015, suggesting a major generational
00:29shift in savings behavior. Analysts say social media trends, zero commission apps,
00:35and the high cost of housing have made financial assets more attractive than home equity,
00:40blurring the once clear path to wealth through homeownership.
00:43For all things money, visit Benzinga.com.
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