Quizizz Video: Student loans are holding back millennials who wa

What is a major reason millennials are hesitant to buy homes?

• High interest rates

• Preference for urban living

• Lack of interest in home ownership

• Impact of student debt

How has pandemic relief aided millennials in their quest to buy their first home?

• Helped pay down student loans

• Increased home prices

• Raised interest rates

• Decreased home inventory

What has been a significant help for 38% of student loan debt holders during the pandemic?

• Job promotions

• Lottery winnings

• Inheritance

• Pandemic relief programs

What is the primary factor delaying millennials from buying homes?

• Student loan debt

• Credit card debt

• Preference for renting

• Lack of employment

How have rising rents impacted millennials' ability to save for a home?

• No impact

• Increased their savings

• Forced them into longer leases

• Decreased their ability to save

What strategy have some successful home buyers used to save for a down payment?

• Investing in the stock market

• Moving in with parents

• Taking out more loans

• Renting cheaper apartments

What is the expected timeline for millennials to save for a home while paying off student loans?

• 8 years

• 10 years

• 5 years

• 2 years

How has remote work affected millennials' home buying opportunities?

• Enabled purchasing in more affordable areas

• Allowed them to buy in urban areas

• No significant impact

• Increased competition in the housing market

Compared to past generations, how do millennials' homeownership rates stand?

• Lower

• About the same

• Significantly higher

• Data is inconclusive

What has been the trend in home buying locations for millennials?

• Only buying in major cities

• More purchasing in small towns

• Prefer urban over suburban

• Equal interest in urban and suburban