2022 NextGen Homebuyer Report
The third annual report: perceived challenges and confidence among NextGen consumers in the middle of a housing crisis.
Third annual report
Only half say they have the financial advice they need.
- 3rd
- biggest financial challenge is what they know, behind cost of living and mental health
About the report
In its third annual report, the 2022 NextGen Homebuyer Report, sponsored by National MI, collected responses from more than 1,000 U.S. adults between the ages of 18 and 44, with statistically significant representation across race, ethnicity, gender, education, and income.
This year's research focused on identifying the perceived challenges and confidence of NextGen consumers, looking for differences across demographics and building on previous years' findings. In the midst of a housing crisis, the responses were unsurprisingly grim when it came to confidence in the market and in experts, and uncertainty took center stage.
Key insights
- Personal financial knowledge was the third biggest challenge to respondents' financial situation, behind cost of living and mental health or anxiety.
- Only half of respondents said they have the financial advice or support they need to achieve their financial goals, and that gap was compounded by gender, race, and income.
Method
Survey of more than 1,000 U.S. adults aged 18 to 44.