Gen Z and Millennial Renters Have Lower Inflation Rates Than Overall U.S. Population For First Time in 2 Years

Young adults taking on a new lease are getting some relief as rental price growth slows, helping cool their personal inflation rates SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Gen Z and millennial renters have lower personal inflation rates than the overall U.S. population for the first time since the end of 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Gen Zers and millennials who signed a new lease in December saw their cost of goods and services increase 5.6% and 6.1%, respectively, compared with a 6.5% increase for the typical American. That’s a welcome shift for young renters, who saw their personal inflation rates soar last year as rental prices skyrocketed. This also