Barriers to Home Ownership Vary by Age
Many Americans are still facing obstacles in buying a home. But depending on the age group, the biggest hurdle can be quite different, according to the Country Financial Security Index, which measures Americans’ sentiments on personal financial security.
For example, members of Generation Y as well as those nearing retirement say saving for a down payment is their biggest barrier to achieving home ownership. However, those aged 30 to 39 say that having too much debt is their biggest hurdle. Those aged 40 to 49 say that job security is their biggest barrier.