5 facts about Millennial households
Millennials trail Baby Boomers and Generation Xers in the number of households they head. But Millennial-run households represent the largest group in some key categories, such as the number in poverty or the number headed by a single mother.
Americans are moving at historically low rates, in part because Millennials are staying put
Americans are moving at the lowest rate on record, and recently released Census Bureau data show that a primary reason is that Millennials are moving significantly less than earlier generations of young adults.
Blacks and Hispanics face extra challenges in getting home loans
Black and Hispanic mortgage applicants are denied more frequently than whites and Asians, and when they do obtain mortgages they tend to pay higher rates.
Americans strongly favor expanding solar power to help address costs and environmental concerns
Almost nine-in-ten U.S. adults (89%) favor expanding use of solar power, while only 9% oppose it. Western homeowners are particularly likely to say they have already installed or are considering solar panels at home.
Want a three-car garage? You’re more likely to find it in the Midwest
A new Census report reveals interesting regional differences in the characteristics of newly built homes.
U.S. Births Drive Rising Hispanic Population
Since 2000, the U.S.-born Latino population has grown at a faster rate than the immigrant population. As a result, the foreign-born share of Latinos is now in decline.
Black incomes are up, but wealth isn’t
Although household-income growth for African-Americans has outpaced that of whites since the 1960s, those gains haven’t led to any narrowing of the wealth gap between the races.
Are blacks as financially well off as whites? Depends on whom you ask
Despite large and persistent gaps between blacks and whites on virtually every indicator of economic well-being, about half of all whites say the average black person is about as well off financially or doing better than the average white person, according to a survey released last week by the Pew Research Center.
Having a secure job replaces homeownership as the key to being middle-class
Nearly nine-in-ten Americans now say having a secure job is essential to being in the middle-class; in 1991, it was homeownership.
Around the world, governments promote home ownership
High on Congress’ long to-do list is deciding what to do about Fannie Mae and Freddie Mac, the two giant government-run companies that dominate the nation’s mortgage market (together they accounted for 78% of all mortgage-backed securities issued in the first quarter of this year). Which is another way of saying, Congress has to decide […]