General World News

Three in four baby boomers don’t use homebuyer resources

Nearly three in four baby boomers aren’t using resources that would help them achieve or maintain homeownership status, according to survey data released Tuesday by nonprofit group NeighborWorks America.

About 10,000 Americans turn 65 each day and all boomers will reach that milestone by 2030, according to census data. But a significant portion of this generation remain renters and are utilizing homeownership tools less frequently than younger age groups.

NeighborWorks surveyed some 2,200 adults from Jan. 20-21 and found that 72% of baby boomers aren’t using homeownership resources. The survey found that millennial and Generation Z homeowners are up to six details ⇒

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