Factors that prevent the Americans from saving for a down payment 2021, by age group

Published by Statista Research Department, Jun 14, 2022

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

Characteristic	23 to 31	32 to 41	42 to 56	57 to 66	67 to 75	76 to 96
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Release date

March 2022

More information

Region

United States

Survey time period

July 2021

Number of respondents

5,795 respondents

Special properties

Primary residence buyers; real estate purchased between July 2020 and June 2021

Supplementary notes

The source adds the following information: "In July 2021, NAR mailed out a 129-question survey using a random sample weighted to be representative of sales on a geographic basis to 129,800 recent home buyers. The recent home buyers had to have purchased a primary residence home between July of 2020 and June of 2021. A total of 5,795 responses were received from primary residence buyers. After accounting for undeliverable questionnaires, the survey had an adjusted response rate of 4.5 percent. "

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