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2023-05-18 23:20:57

YER BOI TSN on Nostr: When your greatest asset is also your greatest liability... "Average millennial owes ...

When your greatest asset is also your greatest liability...

"Average millennial owes 10% more on mortgage debt as home prices, interest rates spike"

https://www.usatoday.com/story/money/personalfinance/real-estate/2022/07/05/average-millennial-mortgage-debt-home-prices-spike/50439271/

"Over the same period, stats show that the average net worth of millennials increased to $127,793, which is up from the $62,758 average in the first quarter of 2020. Interestingly, the report shows that most millennial net worth is tied to real estate they own."

https://www.forbes.com/sites/robertfarrington/2023/03/03/the-millennial-wealth-gap-why-they-cant-seem-to-get-ahead/?sh=55a6a03253f2
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