According to a Bank of America survey, 60% of Americans aged 18 to 23 want to buy a house within the next five years.
And more than half – 52% – are already saving up for a home.
Gen Z considers saving for a house more important than other life goals or financial benchmarks, including planning a wedding, going shopping, or taking a vacation.
Some expect to get help from their parents to buy a home, but more than half of that group said that they would need to pay their parents back.
- Gen Z’ers are also prioritizing saving over frivolous spending
Show Prep Source:
https://www.bloomberg.com/news/articles/2019-04-22/hong-kong-property-scion-has-no-house-no-inheritance
Recent Show Prep Articles:
- In Hot Market, ‘Full House’ Home in San Francisco Sells for Less Than Asking
- New Buyers Feel They Can Afford More. Here’s Why.
- Good News for Homeowners; Home Prices Rocket in Third Quarter
- COVID-19 Has Impacted Home Purchasing Plans. This is How…
- Couple Rescued After Hurricane Blows Home off it’s Stilts
