Here's how many millennials got money from their parents to buy their homes [CNBC]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
NASDAQ:AMEX Investor Relations:
merriam-webster.com/dictionary/legal
Company Research
Source: CNBC
Here's how many millennials got money from their parents to buy their homes Millennials aren't buying homes like their parents and grandparents did. That's largely because it's harder to afford a house these days: high real estate prices stagnant wages student loans hold young people back And a good chunk of those who have been able to purchase a home haven't done so on their own. New data from financial services company Legal & General finds that 43 percent of homeowners age 34 and younger got money from family or friends. Likewise, just over half of prospective homeowners 34 and under expect to benefit from financial assistance when they do take the plunge, L&G finds. "House price growth in the U.S. has outstripped wage growth in 2018, meaning that on average across the U.S.A., houses are becoming more unaffordable," the survey says. "This suggests the need for assistance [from family or friends] One reason so many millennials aren't able to afford homes rose by more than 200 percen
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