Housing

This tool provides an interactive way to explore the data of JBI's 2050 Survey. Click a topic on the left to jump to that section, or a survey question on the right to view its related data. Once you are within a section, click on the 'Home' icon to return to the main menu.

Young Blacks and Latinos aspire to pass on intergenerational wealth at a higher rate than their White peers — despite the fact that they themselves are much less likely to have received an inheritance. Yet, despite these aspirations, 44% of Gen Z’s aspiring homeowners say that they are not on track or will never own their own home.

For Asian aspiring homeowners, a unique barrier gains prominence: process complexity. Specifically, 35% of Gen Z and Millennial off-track Asian aspirants found that the homebuying process is simply too complicated to navigate. This rate is the highest of any group and significantly higher than the 21% of young White aspiring homeowners who indicated a similar concern. This research suggests that aspiring Asian homeowners may be disproportionately blocked by navigability of the system itself.

Though JBI’s 2050 Survey finds that young Blacks and Hispanics aspire to homeownership, entrepreneurship, and intergenerational wealth at high rates — in many cases surpassing their White peers — there is a clear gap between their aspirations and their realities. These same communities lack access: access to family financial resources, access to affordable credit, access to adequate income, and access to the knowledge needed to navigate a system not fully designed with them in mind.

Over 50% of Black Gen Z used a payday loan app or buy-now-pay-later product in the past year - vs. 11% and 28% of White Gen Z. This exposure did not start in adulthood. Black and Latino respondents are far more likely to have grown up in households where high-cost products were used by their parents.