Five Ways to Boost Young Adults Over the Homeownership Hurdle

Student loan debt often stands in the way of younger generations wanting to buy their first home. Consider these strategies to get around that.

A father gives his adult son a hand up on a mountain.
(Image credit: Getty Images)

When we talk about building wealth, homeownership is historically one of the biggest steps for young adults in America. It's not just about having a place to call your own — it's about creating financial stability and building long-term wealth through home equity. But let's face it, the journey to homeownership is not always as smooth as we hope, especially with the financial challenges many Zoomers (Gen Zers) and Millennials face today.

According to a survey by Bankrate, society often expects young adults to buy their first home around age 28. However, a report by Clever Real Estate reveals a different reality. Many college graduates burdened with student loans don't see homeownership as a possibility until they reach 35 — a whole seven years later!

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Sara Stanich, CFP®, CDFA®, CEPA
Founder, Cultivating Wealth

Sara Stanich is a Certified Financial Planner practitioner, Certified Divorce Financial Analyst (CDFA), Certified Exit Planning Advisor (CEPA) and founder of Cultivating Wealth, an SEC-Registered Investment Adviser. Sara has been a financial adviser since 2007, which followed 12 years in marketing roles and an MBA from New York University. She is a frequent source for the financial press, and has been quoted in Investor’s Business Daily, U.S. News and World Report, and CBS News. After over 25 years in New York City, Sara recently moved to the beach with her husband, three kids and Labrador retriever. She frequently blogs at