In 2021, student loans held back 49 percent of younger millennials and 44 percent of older millennial non-homeowners from saving for a down payment for a home purchase in the United States. Among the older generations, factors other than student loans, mortgages, child care expenses, health care costs, car loans, and credit card debt held back the majority from saving for a house down payment.
Factors that are holding back non-homeowners from saving for a down payment in the United States in 2021, by age group
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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 respondents could not save more in the U.S. 2022
- Premium Statistic Share of respondents who have delayed financial milestones in the U.S. 2022
- Premium Statistic Share of respondents who avoided expenditures in the U.S. 2022
- Premium Statistic Actions people have found most effective to save money worldwide 2022
Further related statistics
17
- Factors that are holding back Americans from saving for a down payment 2021
- Home buyers who received gift or loan for down payment in the U.S. 2000-2019
- Italy: Attitude towards savings and sacrifice 2017
- Home buyers who received gift or loan for down payment in the U.S. 2000-2019, by type
- Down payment as largest obstacle to buying a home in the U.S. 2019, by ethnicity
- 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
- Italy: behavior with savings 2016
- Japan - types of owned financial products 2017-2018
- U.S. savings from green and LEED construction 2005-2014
- Satisfaction with amount of savings in China 2007-2015
- Reactions to higher university fees among couples with one child in the UK in 2013
- Financial flows from savings plans or contracts in France 2010-2017
- Gross savings as a share of GDP Thailand 2012-2021
- Share of regular retirement savers 2013, by country
- SEP and SAR-SEP Individual Retirement Accounts in U.S. 2000-2018
- Financial performance in the aviation industry 2015-2016
Further Content: You might find this interesting as well
Statistics
- Factors that are holding back Americans from saving for a down payment 2021
- Home buyers who received gift or loan for down payment in the U.S. 2000-2019
- Italy: Attitude towards savings and sacrifice 2017
- Home buyers who received gift or loan for down payment in the U.S. 2000-2019, by type
- Down payment as largest obstacle to buying a home in the U.S. 2019, by ethnicity
- 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
- Italy: behavior with savings 2016
- Japan - types of owned financial products 2017-2018
- U.S. savings from green and LEED construction 2005-2014
- Satisfaction with amount of savings in China 2007-2015
- Reactions to higher university fees among couples with one child in the UK in 2013
- Financial flows from savings plans or contracts in France 2010-2017
- Gross savings as a share of GDP Thailand 2012-2021
- Share of regular retirement savers 2013, by country
- SEP and SAR-SEP Individual Retirement Accounts in U.S. 2000-2018
- Financial performance in the aviation industry 2015-2016
National Association of Realtors. (March 23, 2022). Factors that are holding back non-homeowners from saving for a down payment in the United States in 2021, by age group [Graph]. In Statista. Retrieved January 30, 2023, from https://www.statista.com/statistics/1118356/factors-restraining-saving-downpayment-usa-generation/
National Association of Realtors. "Factors that are holding back non-homeowners from saving for a down payment in the United States in 2021, by age group." Chart. March 23, 2022. Statista. Accessed January 30, 2023. https://www.statista.com/statistics/1118356/factors-restraining-saving-downpayment-usa-generation/
National Association of Realtors. (2022). Factors that are holding back non-homeowners from saving for a down payment in the United States in 2021, by age group. Statista. Statista Inc.. Accessed: January 30, 2023. https://www.statista.com/statistics/1118356/factors-restraining-saving-downpayment-usa-generation/
National Association of Realtors. "Factors That Are Holding Back Non-homeowners from Saving for a down Payment in The United States in 2021, by Age Group." Statista, Statista Inc., 23 Mar 2022, https://www.statista.com/statistics/1118356/factors-restraining-saving-downpayment-usa-generation/
National Association of Realtors, Factors that are holding back non-homeowners from saving for a down payment in the United States in 2021, by age group Statista, https://www.statista.com/statistics/1118356/factors-restraining-saving-downpayment-usa-generation/ (last visited January 30, 2023)
Factors that are holding back non-homeowners from saving for a down payment in the United States in 2021, by age group [Graph], National Association of Realtors, March 23, 2022. [Online]. Available: https://www.statista.com/statistics/1118356/factors-restraining-saving-downpayment-usa-generation/