Gen Z less likely to see home ownership as sign of American Dream

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Gen Zers are less likely to view owning their own home as a sign they've achieved the American Dream, a survey found

Across the GoDaddy survey, more people listed being able to live comfortably, feeling happy in life, and being able to follow passions and interests as evidence that someone had achieved the American Dream than home ownership.

As neighboring generations, many polls suggest that Gen Zers and millennials have similar mindsets – at least in comparison to older generations. But GoDaddy's survey actually showed stark differences between Gen Zers and millennials in terms of how optimistic they were about achieving the American Dream.

Gen Z was the least likely generation to feel confident about achieving the American Dream, with 56% saying they were"very confident" they'd achieve it and 19% least confident. Millennials, on the other hand, were the most confident, with 66% saying they were"very confident" and only 11% least confident.

It also varied by gender. Overall, 71% of men said they were"very confident" they would achieve the American Dream, versus 55% of women. Women were twice as likely as men to be least confident, too.Grace Dean is a Senior Business Reporter at Insider's London office. She covers retail, transport, tech, and other breaking business news. She particularly enjoys writing about the restaurant industry, fast-food giants, retail trends, and the labor market.

Grace joined the team in August 2020 after studying German & Business at Newcastle University and spending a year as the Editor-in-Chief of its student newspaper the Courier. She spent a semester at Carl von Ossietzky Universität Oldenburg in Germany and also speaks conversational Dutch.You can email her at gdean@insider.

 

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