One important factor is home ownership. Nearly 80% of those over 65 own their homes, as compared to 34% of under 35 year olds. YOUNG FOLKS HAVE IT BAD. Student loan debt is one reason. 7l% of graduates are paying back those loans BEFORE buying a house – hopefully in 5 years. Student loans are charged 7 to 12% interest and rest of borrowing is at a lower interest rate. There needs to be a way to refinance student loans. National Association of Realtors is backing this in Congress to close this gap and make buying a home more reachable for younger folks.