Globally, 40% of Millennials own a home, but Chinese Millennials are far more likely than American Millennials (70% versus 36%) to be homeowners. That’s according to an HSBC study that also found Millennials overall were more likely to overpay for their first house, with over half of the 15% who set budgets exceeding them. Parents helped cover the difference for 36% of respondents, and UAE Millennials received the most parental support at a full 50%. Ypulse’s Home Sweet Home trend research found almost 40% of Millennial homeowners in the U.S. borrowed or were gifted money from parents/family to pay for it. (Better Dwelling)
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