Today’s roundup includes a trio of reports about millennials, the recession, and homeownership. We also look at a quick reminder of some easy ways to save energy at home. (It’s almost Spring, but most of us won’t be shutting our furnaces off for awhile, after all.) Then we cap it all off with a quick video about the first 3D-printed house to go on the market in New York.
Can Be Has Been Done!!!
But first of all, did you see it? Our First Attainable Home is complete! Our founder, Erin, has put in a lot of time, energy and resources to show what an attainable net-zero renovation looks like. And it’s stunning! Above is a glimpse of the backyard, but you should definitely click through to see more. Erin’s written up the whole experience, complete with before-and-afters, takeaways from the experience, and a breakdown of the numbers.
Millennials Gained Ground in 2020 But Aren’t Caught Up
We’ve been encouraged by the number of millennials who took advantage of last year’s historically low mortgage rates to buy their first homes. But Business Insider reports that they still haven’t caught up to where Baby Boomers or Generation X were at the same age. Just 42 percent of millennials own a home, compared to 51 and 48 percent, respectively, for Boomers and Xers. Eighteen percent of millennial respondents to a survey, though, said they plan to rent forever. This reflects a wealth gap within the generation.
Land of Unequal Opportunities
And further elaborating on that gap, this article from Marketplace.org points out that millennials are the most diverse generation in U.S. history in terms of race and ethnicity. That diversity, in turn, equals huge differences in wealth and opportunity.
The Pandemic and Credit Card Debt
During the economic hard times of the past year, lots of millennials turned to credit cards to get them through. They weren’t alone, though. A study by Creditcards.com revealed that credit card debt increased during the pandemic for 51 percent of Americans.
Mistakes in the way you handle your plastic now could come back to bite you later on. Moneywise.com shares the details of the study and includes tips for millennials to use credit wisely.
It’s the Little Things
By way of a friendly reminder, here are some handy tips for saving energy at home that anyone can take advantage of. With still more cold weather to come, we can all do our part to combat climate change just by using less energy. And lower utility bills are an added bonus!
Remember: the cheapest energy is the energy you don’t use. That’s why making changes now to lower energy bills for the long haul couldn’t be more important.Danny Lipford
3D Printing Comes to Home Construction
There’s been talk about the possibilities for building homes with 3D printing technology for a long time. But here’s an actual 3D printed home, on the market! So cool. Click through to the company’s homepage at sq4d.com to learn more.
Your Turn To Report
We’d love to hear your thoughts on the above stories. How did the pandemic and recession impact your personal finances? Did you find yourself relying on your credit card more? Maybe you took small steps this winter to improve your home’s efficiency. What worked? Would you buy a 3D printed home if it were available in your area?
Thanks for reading, and keep checking back (or subscribe!) for more details about our very first net-zero renovation!