Millennials may not be everybody’s favorite topic – unless you’re a millennial, of course – but a new study by the credit report agency Experian has some interesting data. First of all, while 86 percent of millennials see owning a home as a sound financial investment, only 15 percent actually do so.
Part of the reason is low credit scores. While the average credit rating in the Unites States is 677, millennials between 22 and 28 have an average of 652 and older millennials age 29 to 35 have an average score of 665.
Millennial home buyers average 31 years of age with an income of $64,000 and are more prevalent in the South and West, according to the Experian study.