- ORIGINAL NEWS
Here are 3 ways Gen Zers can build credit before renting their own place
- SUMMARY
The U.S. median rent price in December was $1,964, down 0.8% from last year.
However, significant and consistent decrease in rent prices is not coming soon.
To strengthen their credit score, Gen Z adults can try 3 solutions: 1.
Leverage bills you routinely pay.
Including streaming services, phone plans, and electricity bills into your credit history.
2.
Become an authorized user on someone else’s credit card.
Make sure the person has a strong credit score and the card provider reports payment history to credit bureaus.
3.
Consider a secured credit card.
They’re easy to qualify for, carry no annual fee, and report payments to major credit bureaus.
- NEWS SENTIMENT CHECK
- Overall sentiment:
mostly negative
Positive
“While prices are moderately cooling in the rental sector, there is still a long way to go before the real estate market sees consistent and significant price decreases.”
“Rising inventory is helping push rent prices down.”
Negative
“The median U.S. asking rent price in December was $1,964, a 0.8% decline from a year ago.”
“Of the Gen Z adults who currently rent, 27% say they can no longer afford the cost.”