Millennials are spending $92,600 on rent by age 30, survey says

Millennials pay a whopping $92,600 in rent by the time they turn 30, despite earning more than previous generations, a new study by industry tracker RENT Cafe revealed Monday.
The study tracks millennial spending from age 22 to 30 using U.S. census data on rents and incomes.
During that eight-year period, millennials earned a total median income of $206,600.
Divided evenly, that would equate to just $25,825 a year. But many likely started below that level with their first job and saw their pay r