In 2021, student loans and high rent or current mortgage payments each held back 43 percent of non-homeowners from saving for a down payment for a home purchase in the United States. Other factors holding back a significant portion of non-homeowners from saving for a down payment were car loans and credit card debt.
Factors that are holding back non-homeowners from saving for a down payment on a home purchase in the United States in 2021
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Statistics on Personal savings in the United States
Overview
7
- Basic Statistic Monthly personal savings as a share of disposable income in the U.S. 2015-2022
- Premium Statistic Mean and median amount of personal savings in the U.S. 2022, by type
- Basic Statistic Personal savings in the U.S. 1960-2021
- Basic Statistic Savings and other checkable deposits in the U.S. 2020-2022
- Premium Statistic Amount of money saved in savings accounts in the U.S. 2020-2022
- Premium Statistic Savings and investments held by employees in the U.S. 2021
- Premium Statistic Gross savings as share of GDP in the U.S. 1970-2020
Household savings
6
- Basic Statistic Household savings in the U.S. 2000-2021
- Basic Statistic Time and savings deposits of households and nonprofit organizations U.S. 2000-2021
- Premium Statistic Share of families that saved in the U.S. 2001-2019, by ethnicity
- Premium Statistic Share of families that saved in the U.S. 2004-2019, by work status
- Premium Statistic Share of families with savings bonds in the U.S. 2007-2019, by age of family head
- Premium Statistic Financial instruments owned by children in the U.S. 2022
College savings
4
- Premium Statistic Share of households saving for college in the U.S. 2020, by age of head of household
- Basic Statistic Total Education tax savings for college students U.S. 2001-2022
- Basic Statistic Assets of section 529 savings plan in the U.S. 2009-2021
- Premium Statistic 529 college savings average account balance in the U.S. 2016-2021
Retirement savings
6
- Premium Statistic Adults with any retirement savings in the U.S. 2021, by age group
- Premium Statistic Opinion of Americans on state of their retirement savings 2021, by ethnicity
- Premium Statistic Drivers for starting to save for retirement in the U.S. 2020-2021
- Premium Statistic Household retirement savings in the U.S. 2020-2021, by amount
- Premium Statistic Value of assets invested in IRAs in the U.S. 2021, by type
- Premium Statistic Probability of outliving their savings in the U.S. 2020-2022
Saving practices
6
- Basic Statistic Reasons why families saved in the U.S. 2010-2019
- Premium Statistic Goals in New Year's financial resolution in the U.S. 2022
- Premium Statistic Factors that are holding back Americans from saving for a down payment 2021
- Premium Statistic Factors that prevent the Americans from saving for a down payment 2021, by age group
- Premium Statistic Emergency bill: savings, credit card, borrow vs personal loan U.S. 2022
- Premium Statistic Bank account and service complaints reported CFPB in the U.S. 2021
Impact of the economy on savings
5
- Premium Statistic Adults who spent money from their savings due to inflation in the U.S. 2022, by age
- Premium Statistic Main reasons why people could not save more in the U.S. 2022
- Premium Statistic Share of people who have delayed financial milestones in the U.S. 2022
- Premium Statistic Share of people who avoided expenditures in the U.S. 2022
- Premium Statistic Actions people have found most effective to save money worldwide 2022
Further related statistics
12
- Home buyers who received gift or loan for down payment in the U.S. 2000-2019, by type
- Amount of down payment people believe is needed for a mortgage U.S. 2017, by age
- Amount of down payment people believe is reasonable for a mortgage U.S. 2017, by area
- Down payment as largest obstacle to buying a home in the U.S. 2019, by ethnicity
- Home buyers who received gift or loan for down payment in the U.S. 2000-2019
- Lost wages savings through telehealth in U.S. 2017, by state
- Gross savings as a share of GDP in Malaysia 2006-2021
- Gross savings in Laos 2004-2016
- Gross savings in Indonesia 2006-2021
- China - types of owned financial products 2016
- Vietnam - types of owned financial products 2016
- Italy: reasons for children to talk about money with parents 2016
Further Content: You might find this interesting as well
Statistics
- Home buyers who received gift or loan for down payment in the U.S. 2000-2019, by type
- Amount of down payment people believe is needed for a mortgage U.S. 2017, by age
- Amount of down payment people believe is reasonable for a mortgage U.S. 2017, by area
- Down payment as largest obstacle to buying a home in the U.S. 2019, by ethnicity
- Home buyers who received gift or loan for down payment in the U.S. 2000-2019
- Lost wages savings through telehealth in U.S. 2017, by state
- Gross savings as a share of GDP in Malaysia 2006-2021
- Gross savings in Laos 2004-2016
- Gross savings in Indonesia 2006-2021
- China - types of owned financial products 2016
- Vietnam - types of owned financial products 2016
- Italy: reasons for children to talk about money with parents 2016
National Association of Realtors. (March 23, 2022). Factors that are holding back non-homeowners from saving for a down payment on a home purchase in the United States in 2021 [Graph]. In Statista. Retrieved March 21, 2023, from https://www.statista.com/statistics/1117998/saving-obstacles-downpayment-usa/
National Association of Realtors. "Factors that are holding back non-homeowners from saving for a down payment on a home purchase in the United States in 2021." Chart. March 23, 2022. Statista. Accessed March 21, 2023. https://www.statista.com/statistics/1117998/saving-obstacles-downpayment-usa/
National Association of Realtors. (2022). Factors that are holding back non-homeowners from saving for a down payment on a home purchase in the United States in 2021. Statista. Statista Inc.. Accessed: March 21, 2023. https://www.statista.com/statistics/1117998/saving-obstacles-downpayment-usa/
National Association of Realtors. "Factors That Are Holding Back Non-homeowners from Saving for a down Payment on a Home Purchase in The United States in 2021." Statista, Statista Inc., 23 Mar 2022, https://www.statista.com/statistics/1117998/saving-obstacles-downpayment-usa/
National Association of Realtors, Factors that are holding back non-homeowners from saving for a down payment on a home purchase in the United States in 2021 Statista, https://www.statista.com/statistics/1117998/saving-obstacles-downpayment-usa/ (last visited March 21, 2023)
Factors that are holding back non-homeowners from saving for a down payment on a home purchase in the United States in 2021 [Graph], National Association of Realtors, March 23, 2022. [Online]. Available: https://www.statista.com/statistics/1117998/saving-obstacles-downpayment-usa/