A Third of Young Americans Plan On Using 'Bank of Mom and Dad' for House Down Payments

Just over a third of Gen Z and millennial home buyers in the United States expect family members to help out with down payments. (Pexels/Ketut Subiyanto)

Purchasing a house can be one of the most important and life-changing investments one can make in their lifetime.

However, in the present day, complications can arise when house-hunting because of the high costs and expenses, which has led to many needing help with housing affordability.