Study reveals shift toward long-term renting in U.S.

Renters have lived in their current homes for four years, on average, according to a new study .

The survey of 2,000 American renters found that 28% have even stayed planted for longer, residing in their rentals for seven years or more.

And within that group, baby boomers (41%) and Gen X (28%) have remained in place the longest out of all generations.

Conducted by Talker Research on behalf of Lemonade , a digital insurance company, the study found that renters are taking a more long-term approach to their housing, with 62% of respondents reporting that it’s unlikely or out of the question for them to move before the calendar year ends.

And although the results found that many renters are treating their rentals less like short-term pit stops and more like permanent residences, there