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Definition Generation rent in British English

Generation rent noun

noun
1

the group of people who have reached the age when they would like to buy a house or flat to live in, but cannot afford to and so will have to rent their home

Example

... the report analysed the results of a survey of 8000 20 to 45 year-olds, and identified the emergence of 'Generation Rent': two thirds (64%) of non-homeowners who believe they have no prospect whatsoever of buying a home.

Definition Generation rent in British English