Lifestyle

15 Things Boomers Could Easily Afford That Millennials Can Only Dream Of

Darren - July 7, 2025

Over the past few decades, the economic landscape has shifted dramatically, creating a widening gap in purchasing power between generations. What seemed like everyday milestones for Baby Boomers—owning a home, paying for college, or taking regular vacations—now feel out of reach for many Millennials. Soaring housing prices, student debt, and stagnant wages have fundamentally altered what’s possible for young adults today. This article explores fifteen things Boomers could once afford with relative ease, but that Millennials can now only dream of. Let’s take a closer look at these generational differences.

NEXT >>

1. Buying a Single-Family Home in Early Adulthood

For many Boomers, purchasing a single-family home in their 20s was a realistic goal. Home prices were more closely aligned with average incomes, making ownership accessible right out of college. Today, Millennials face skyrocketing housing costs and wages that haven’t kept pace. According to the Pew Research Center, the homeownership rate among young adults has dropped significantly, reflecting just how difficult it’s become to buy a first home in early adulthood.

<< Previous

NEXT >>

2. Attending College Without Crushing Debt

Decades ago, college tuition was relatively modest. Many Boomers paid their way through school with part-time jobs and graduated debt-free. Today’s students, however, face tuition rates that have outpaced inflation for years. The College Board reports that the average cost of attending college has ballooned, forcing Millennials to take on burdensome student loans. As a result, higher education, once an attainable milestone, has become a major financial hurdle for young adults today.

<< Previous

NEXT >>

3. Raising a Family on a Single Income

For Boomers, it was once common for a single income to comfortably support an entire family. According to the U.S. Census Bureau, this is now a rarity. Today, Millennials often require dual incomes just to cover basic expenses, largely due to rising living costs and stagnant wages. The notion of raising a family on one paycheck has shifted from expectation to unattainable dream for many young adults.

<< Previous

NEXT >>

4. Buying a Brand-New Car for Cheap

In the past, young adults could often afford a brand-new car without much financial strain. The average price of a new vehicle was far more reasonable compared to typical wages. Today, according to Kelley Blue Book, new car prices have soared, making it much harder for Millennials to buy a car fresh off the lot without stretching their budgets.

<< Previous

NEXT >>

5. Taking Vacations Abroad Regularly

Baby Boomers often enjoyed regular international vacations, thanks to lower travel costs and greater disposable income. Today, Millennials face higher airfare, accommodation prices, and tighter budgets. The U.S. Travel Association highlights how economic constraints have made overseas travel a rare luxury for many young adults, turning what was once a routine adventure into a special occasion.

<< Previous

NEXT >>

6. Affordable Healthcare and Insurance

Healthcare was once much more affordable and accessible for Boomers, with lower out-of-pocket expenses and reasonably priced insurance plans. According to the Kaiser Family Foundation, Millennials now contend with skyrocketing insurance premiums and medical costs. These rising expenses often force young adults to delay care or skip coverage entirely, highlighting yet another area where affordability has dramatically shifted between generations.

<< Previous

NEXT >>

7. Buying Land or a Vacation Cabin

For Boomers, purchasing land or a vacation cabin was once a realistic dream, bolstered by reasonable prices and fewer barriers. Today, the National Association of Realtors reports that soaring real estate values have made such purchases unattainable for most Millennials, turning what was once an accessible luxury into a rare privilege.

<< Previous

NEXT >>

8. Retiring Comfortably in Their 60s

Many Boomers looked forward to retiring comfortably in their 60s, relying on robust pensions and dependable Social Security benefits. For Millennials, however, retirement feels far less certain. The Social Security Administration notes that today’s young adults often have underfunded retirement accounts and face questions about the future of social safety nets, making early and secure retirement more difficult to achieve.

<< Previous

NEXT >>

9. Low-Cost Higher Education for Their Children

Boomers could often save enough to send their children to college without incurring huge financial burdens. Today, however, the Education Data Initiative shows that soaring tuition costs make it far more challenging for Millennials to fund their kids’ education. The expense of higher education now places significant strain on families, making this former norm a daunting challenge for many parents.

<< Previous

NEXT >>

10. Owning a Classic Car as a Hobby

Restoring and owning a classic car used to be a popular and affordable pastime for Boomers. Today, according to Hagerty Insurance, the costs of purchasing, maintaining, and insuring vintage vehicles have soared. For most Millennials, this nostalgic hobby has become an expensive dream rather than a weekend reality.

<< Previous

NEXT >>

11. Frequent Nights Out and Entertainment

Boomers enjoyed frequent nights out—from movies and concerts to dinners—without breaking the bank. The Bureau of Labor Statistics reports that entertainment and dining costs have risen much faster than wages, making it tougher for Millennials to enjoy an active social life. Today, even simple outings require more budgeting and sacrifice than ever before.

<< Previous

NEXT >>

12. Private Club Memberships and Golfing

Country club and golf memberships were once accessible status symbols for Boomers. Now, according to the National Golf Foundation, rising costs and exclusivity have put these privileges out of reach for many Millennials. What was once a common leisure activity has become a luxury that fewer young adults can realistically afford.

<< Previous

NEXT >>

13. Investing in the Stock Market Early

Boomers often began investing in the stock market early, benefiting from less volatility and more predictable long-term returns. Today, Millennials encounter higher barriers to entry, increased market uncertainty, and stagnant wages that limit their ability to invest. As noted by CNBC, this has made building wealth through early investing far more challenging for younger generations.

<< Previous

NEXT >>

14. Owning a Boat or Recreational Vehicle

Boomers could once aspire to own a boat or recreational vehicle for family fun and travel. Today, according to the RV Industry Association, these have become luxury purchases, with soaring prices and upkeep costs. For many Millennials, such leisure vehicles remain out of reach and are often seen as unattainable dreams.

<< Previous

NEXT >>

15. Building Substantial Savings with Modest Jobs

For Boomers, even modest jobs often allowed for steady savings and financial security. Higher interest rates on savings accounts and lower living costs helped money grow over time. The Federal Reserve highlights how Millennials now struggle to save, facing higher expenses and less favorable conditions for building wealth.

<< Previous