Banking

Freddie Mac study: One-3rd of Gen Z grownups see homeownership challenges

One in 3 Gen Z grownups—those age 18 to 25—state that owning a house appears out of reach for them economically, according to a brand-new study fielded by Freddie Mac. That figure was up from 27% at the time of the last study in 2019.

Among the leading 5 difficulties Gen Zers recognized were conserving for a deposit (39%), not having an adequate credit rating (27%), an unsteady task circumstance (27%), trainee loan financial obligation (22%) and charge card financial obligation (11%). The study likewise discovered that Gen Z grownups preferred owning a house over leasing, with a frustrating bulk concurring that owning a house offers more personal privacy (96%), is something to be happy with (95%) and permits more control and self-reliance (92%).

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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