More than a third of Gen Z, Millennials seek help from their parents to afford a house down payment

The price of a starter home has risen by 45% since the COVID-19 pandemic.  (iStock) Gen Z and millennial homebuyers are struggling to buy homes on their own. About 36% of younger buyers plan to receive a cash gift from their family to help with the down payment on a home, a Redfin study found. The percentage of millennials getting help from their parents has gone up in the last few…