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 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.
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.
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.
The demographic data shown in this interactive display the varied population sizes and characteristics of the largest Asian origin groups, based on the updated edition of our survey, "The Rise of Asian Americans."
Young adults have shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars and paring credit card balances.
The five-year swoon in home prices has done little to shake the confidence of the American public in the investment value of homeownership. A new survey finds that fully eight-in-ten (81%) adults agree that buying a home is the best long-term investment a person can make although there has been some falloff in the intensity of the public's faith.
Nearly six-in-ten Americans say it is “unacceptable” for homeowners to stop making their mortgage payments, but more than a third say the practice of “walking away” from a home mortgage is acceptable under certain circumstances. Homeowners whose home values declined during the recession and those who have spent time unemployed are more likely to say that “walking away” from a mortgage is acceptable.
Not even a housing-led recession can shake Americans' faith in the blessings of homeownership.
Despite a record drop this past year in the median sales price of existing homes, more than eight-in-ten homeowners expect the value of their homes to go up either "a little" (55%) or "a lot" (26%) in the future. However, these anticipated levels of future gains are not nearly as great as the gains that homeowners say they've experienced in recent years.