Posted 1/2/2024, 5:53:43 PM
Inflation Dashes Americans' 2024 Money Goals; Most Can't Afford Homes
- Americans say meeting 2024 financial goals will be challenging due to high inflation and costs
- 48% of Baby Boomers plan to trim spending, 39% will reduce debt to meet goals
- 29% of Millennials and 30% of Gen Z saving for major purchase like home or car
- High mortgage rates and prices making homeownership unaffordable, 87% of Gen Z can't afford a home
- Steps to buy a home improve credit, understand true affordability, use calculators to set realistic budget