Are young Latinos locking in loans for their lodgings?

Answer: 44.8%

Questions:

• What factors do you think influence someone’s decision to take out a mortgage?
• Why might younger generations be more or less likely to buy homes today?
• How does owning a home compare to renting in terms of long-term financial stability?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (2024 State of Hispanic Wealth Report):

One of the most promising aspects of the Hispanic community’s economic potential is its relative youth. Hispanics  are young and, therefore, have ample time to grow their assets, develop businesses, and advance their earning potential. Additionally, trends suggest that Hispanics are investing in real estate at younger ages than their non-Hispanic counterparts, providing an even longer runway for growth.

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Want to learn more about the process of Buying a House? Check out the Buying a House mini-unit.

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Check out 2 brand new On Demand Modules!

About the Author

Dave Martin

Dave joins NGPF with 15 years of teaching experience in math and computer science. After joining the New York City Teaching Fellows program and earning a Master's degree in Education from Pace University, his teaching career has taken him to New York, New Jersey and a summer in the north of Ghana. Dave firmly believes that financial literacy is vital to creating well-rounded students that are prepared for a complex and highly competitive world. During what free time two young daughters will allow, Dave enjoys video games, Dungeons & Dragons, cooking, gardening, and taking naps.