Tag Archives: Millennial

Millennials often face many obstacles when trying to purchase a home such as financial hardships and the inability to afford the down payment, a task that is much more difficult for them compared to their predecessors.

According to a consumer survey conducted by Trulia, 60 percent of American adults age 18–34 say a lack of savings, poor credit, and severe debt stand between them and homeownership. As a result, 50 percent would have to ask for help from their parents or grandparents to put together enough money to clear the initial hurdle of making a down payment.