More than half of renters think they'll never be able to own a home, survey says. Here's why.

More than half of U.S. renters don’t see themselves ever owning a home, according to a recent survey from Credit Karma — a daunting statistic, considering homeownership remains a key driver of household wealth.

Renters also reported they were holding off on purchasing a home over concerns of a potential recession or job security. Ultimately, 54% of respondents said they didn’t believe they could ever afford homeownership, according to Credit Karma. “While we’re beginning to see signs of a cooling rental market, many Americans are still grappling with ballooning cost-of-living expenses, stagnant wages and high borrowing costs,” Colleen McCreary, a consumer financial advocate at Credit Karma, said in a Nov. 16 statement.

So... where were you for the last 15 years when rates were low?

Let me guess not enough money

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