#financial-behavior

#financial-behavior

The housing market only continues to look more bleak for younger generations-and it shows. The average age for a first-time homebuyer recently jumped to 40, signaling the housing market is starved for affordability. And younger generations are so disappointed and frustrated by the state of the housing market they're spending more of their earnings than they're saving, working less, and making risky investments, according to a recently published paper by Northwestern University and University of Chicago researchers.

A strong predictor of an adult's bill-paying habits is the environment in which they grew up, revealing lifelong differences in repayment behavior by early adulthood.