48% of renters worry they won’t ever be able to buy a home

MSNBC reports:

Forty-eight percent of renters worry they won’t be able to buy a home during their lifetimes, according to a new Lending Tree survey.

 

That concern is largest among renters in Generation X (41 to 55 years old) and millennials (25 to 40 years old). To that point, 55% of Gen X renters and 52% of millennial renters are worried about their prospects of homeownership, according to the survey, which was published Aug. 31.

 

The U.S. middle class depends on home equity as a source of wealth more so than wealthy families, who tend to own more financial assets like stocks and bonds, according to the Pew Research Center.

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