According to a survey conducted in August and September 2020 in the United States, the majority of Millennials prospective house buyers (40 percent) declared that they save under ten percent of their monthly income for a mortgage down payment. Approximately one third of respondents said that they save between 10 and 20 percent.
Share of income saved for down payment by prospective Millennial home buyers in the United States in 2020
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Point2 Homes. (November 23, 2020). Share of income saved for down payment by prospective Millennial home buyers in the United States in 2020 [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/1222145/millennials-income-share-as-mortgage-down-payment-usa/
Point2 Homes. "Share of income saved for down payment by prospective Millennial home buyers in the United States in 2020." Chart. November 23, 2020. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/1222145/millennials-income-share-as-mortgage-down-payment-usa/
Point2 Homes. (2020). Share of income saved for down payment by prospective Millennial home buyers in the United States in 2020. Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/1222145/millennials-income-share-as-mortgage-down-payment-usa/
Point2 Homes. "Share of Income Saved for down Payment by Prospective Millennial Home Buyers in The United States in 2020." Statista, Statista Inc., 23 Nov 2020, https://www.statista.com/statistics/1222145/millennials-income-share-as-mortgage-down-payment-usa/
Point2 Homes, Share of income saved for down payment by prospective Millennial home buyers in the United States in 2020 Statista, https://www.statista.com/statistics/1222145/millennials-income-share-as-mortgage-down-payment-usa/ (last visited May 19, 2022)