[tempsy]

Agreed, especially considering 1 in 6 millennials have $100k saved.

https://www.cnbc.com/2018/02/05/1-in-6-millennials-have-1000...

[cactus2093]

Great, now they just need to save another $200k and they'll have the down payment on a median priced home!

[tempsy]

You can find places for under $1M even in sf, and you don’t necessarily need 20% down for a first time homeowner

[madengr]

I’m guessing that is mostly 401k savings, not liquid savings, which essentially can’t be touched until 60.

[tempsy]

The survey says this is based on savings in bank accounts not a 401k

Either way there’s nothing preventing you from “touching” 401k savings. You pay a 10% penalty.

[madengr]

Ha ha, there’s no way in hell I believe those numbers. This says it’s no more than $5k on average, at best. More like $2,500.

https://www.cnbc.com/amp/2019/03/11/how-much-money-americans...

[tempsy]

Averages are a bad way to look at it. There are fat tails on both sides.