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Factors that prevent the Americans from saving for a down payment 2020, by age group

Published by Statista Research Department, Apr 22, 2021
In 2020, 48 percent of younger Millennials and 41 percent of older Millennials who recently bought a home said that their student loan was a major factor that held them back in saving for a down payment or home purchase.

Factors that are holding back non-homeowners from saving for a down payment in the United States in 2020, by age group

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Release date

March 2021

Region

United States

Survey time period

July 2020

Number of respondents

8,212 respondents

Special properties

recent home buyers who found saving for down payment the most difficult task in home biying process.

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