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Kiplinger
Kiplinger
Business
Mike McCracken

Buying a Home With Your 401(k)? Consider the Risk to Your Retirement

(Image credit: Getty Images)

While the market is improving, millennials and Gen-Zers have faced a difficult path to homeownership.

For the first time in modern history, these two generations are among the first to be financially worse off than their parents at the same stage of life. Factors such as record-high home prices, lingering inflation and mounting debt, specifically from student loans and credit cards, have created significant challenges for first-time buyers.

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