A Freddie Mac survey asked around 1000 renters and 2300 homeowners what would have the greatest negative impact on your future housing plans. “Losing my job” was the number one answer for Millennials (26%) and Gen X’ers (29%). Boomers came in at 9%. Baby Boomers, however, rank higher home prices (16%) and “negative changes to my financial situation” (15%) as the top two.
Baby Boomers are more concerned about an “impending economic recession” and not being able to pay for large expenses” than the other age groups.