Even 30% of older, wealthier millennials had help paying for their first home via CNBCMakeIt
It's no secret that many millennials are struggling to buy homes, especially without help. Even, it turns out, older, wealthier millennials.
"There is more financial support into adulthood than what past generations experienced," Marcy Keckler, vice president of Financial Advice Strategy at Ameriprise Financial, tells CNBC Make It. That means many millennial homeowners end up paying more than they wanted to or had budgeted for, or simply not buying, because there aren't as many homes available at the prices young people can comfortably pay.College costs are also playing a role, Keckler says. In January, researchers at the Federal Reserve found"roughly 20% of the decline in homeownership among young adults can be attributed to their increased student loan debts since 2005.
But younger adults may be feeling particularly grim. A new report by Merrill Lynch and Age Wave, which surveyed over 2,700 Americans ages 18 to 34, found: 8 in 10 say it's harder to become financially independent for them than previous generations. And 70% of Baby Boomers agree.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Kevin O'Leary: Don't make this home-buying mistake, even when mortgage rates are lowKevin O'Leary: Don't make this home-buying mistake, even when mortgage rates are low via CNBCMakeIt
Leer más »
Suzan-Lori Parks and Oskar Eustis on the 30-year relationship that led to ‘White Noise’Playwright Suzan-Lori Parks and director Oskar Eustis talk about their 'mutual admiration society,' which is at work again — this time with 'White Noise,' a searing new play about the legacy of slavery and how it rises to the surface among two interracial couples.
Leer más »
30 Things You Can Get On Sale At The Home Depot That'll Upgrade Your HomeHello, every news station? I just scored up to 40% off on my furniture and I deserve a TOUR.
Leer más »
The London Stock Exchange is trialing blockchain for stocksThe London Stock Exchange (LSE) has allowed technology company 20|30 to sell shares worth around £3 million ($3.9 million) in tokenized form.
Leer más »
30 Incredibly Cool Subscription Boxes You Should Just Gift To Yourself30 Cool Subscription Boxes You Should Honestly Just Get For Yourself
Leer más »
Zoom Technologies soared 56,000% in the past 30 days — as unrelated Zoom Video prepared its IPOMuch has been made of the buzzy public debut of Zoom Video Communications Inc., the enterprise videoconference software company with a $1 billion valuation,...
Leer más »
30 Kitchen Products That Will Encourage You To Take On a New ProjectBecause the best-tasting pickles are the ones you've made yourself (after a few tries).
Leer más »
30 Tropical Products That Bring The Vacation To You🎵 Wastin' away next to my Margaritaville blender. 🎵
Leer más »
$200k worth of jewelry gone in 30 seconds by a duo of Georgia mall thievesSMASH AND GRAB: Two men allegedly used a hammer to smash through a glass display inside a Georgia jewelry store and got away with $200,000 worth of diamond rings in just 30 seconds, according to police reports.
Leer más »
30 dead, hundreds injured as explosions rock churches, hotels in Sri Lanka: ReportGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.
Leer más »