Buying a home earlier in life can seriously boost your financial picture in retirement
November 19, 2018 / Jessica Guerin
Burdened by student debt and less inclined to marry young, Millennials are putting offhomeownership, waiting longer to buy a home than generations past. A study by independent think tank the Urban Institute dove into the data, revealing the notable financial impact delaying homeownership can have on an individual’s overall financial picture as they near retirement. Using data from the Panel Study of Income Dynamics which includes data collected from individuals since 1968 the institute assessed info from homeowners who turned 60 between 2003 and 2015.