Across the world, traveling is a top financial priority for many people, according to ING's survey. With many seeing home ownership as unattainable — at least for now — they are instead pursuing goals that seem reachable with their current salaries and debt loads.
The only people prioritizing saving for a home over travel are those who currently live rent-free with family or friends, per ING's report. "Our survey results suggest that people are buying later and paying off their mortgage over longer periods," the report says. "Time frames are shifting outwards, which arguably provides an opportunity to prioritize multiple financial needs in the shorter term."
Just over 20% of Americans believe that they will be 35 or older when and if they do buy for the first time. The median age of first time buyers was 33 in 2019, the oldest on record since 1981, according to a report from the
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MakeIt The real estate investment in many selected cities is still the best choice in U.S regardless what the media say.
MakeIt Cause we cant
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