About 17 percent of adults between the ages of 28 and 37 say they lose sleep over their ability to pay for housing, more than any other age group, according to a report from Bankrate.com.

The inventory crisis may be reaching a turning point and a new survey shows that for older millennials, that change can’t come fast enough.

Nearly one-fifth (17 percent) of adults aged between 28 and 37 say they lose sleep over their ability to pay for housing, more than any other age group, according to a report from Bankrate.com.

“Millennials have a lot to worry about,” said Bankrate.com analyst Amanda Dixon in a statement. “The economy overall is in good shape, but wages are stagnant, housing costs are rising, and the job market has become more competitive. It’s no wonder so many 20- and 30-somethings lie awake at night.”

Among U.S. adults overall, more than 1 in 10 — a number that encompasses about 29 million people — say they lose sleep over their ability to pay the mortgage or rent. Parents with children under age 18 are more likely to worry about this (16 percent) than those without young children (10 percent), the report said.

Those making less than $50,000 in income per year were more than three times as likely to stress about housing costs (21 percent) than those making more than that (6 percent).

The survey revealed older millennials to be the most stressed age group overall with 77 percent saying they lose sleep over relationships, money, work, health and/or politics. More than 4 in 10 older millennials (43 percent) say that money has caused them restless nights, a higher share than any other age group, the report said.

Nearly a quarter (24 percent) of older millennials say they lose sleep due to credit card debt, and 20 percent are stressed about saving for retirement, though younger baby boomers (ages 54-63) and Gen Xers (ages 38-53) are more likely to say they’re stressed about the latter (25 percent and 22 percent, respectively).

There doesn’t seem to be any relief for cranky, stressed-out, sleep-deprived older millennials in sight. Home prices hit a four-year high last month and are projected to skyrocket in 2019.

Methodology

This study was conducted for Bankrate.com by GfK Custom Research North America on its OmniWeb online omnibus. The sample consists of 1,000 completed interviews, weighted to ensure accurate and reliable representation of the total population, 18 years and older. Fieldwork was undertaken June 29-July 1, 2018. The margin of error for total respondents is +/- 3 percent.

Email Andrea V. Brambila.

Like me on Facebook! | Follow me on Twitter!

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×