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January 22, 2024 Investor Insights Thumbnail

January 22, 2024 Investor Insights

Investor Insights

Homebuying Isn't for the Young

January 22, 2024

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions. 

  •  In 1980, the median age for a first-time homebuyer was 29. In 2023, it had increased to 35. Similarly, the median age for repeat homebuyers rose from 36 to 58 over the same time period. 1
  • Over half of India's population is under 25, positioning it to become the world's 3rd largest economy within a decade. However, it will need to address its public debt load, which equals 85% of GDP – second only to Brazil among emerging economies. 2
  • In 1960 US defense spending equaled $47 billion. In 2022 total defense spending reached $877 billion. Despite this rise, defense spending as a percentage of GDP has generally declined, dropping from around 9% in 1960 to less than 4% today. 3
  • Sustainable (ESG) investment funds have struggled recently. With their performance lagging the market and Republican politicians questioning the sustainable strategy, investors withdrew $323 billion from the funds in 2023, a 12% decline from 2021. 4 

Sources: 

  1. Apollo - "Homebuyers Are Getting Older"
  2. WSJ - "Why India Isn’t the New China"
  3. Bespoke - "Military Industrial Complex"
  4. Barrons - "ESG Funds Set a Dismal Record. Yet Performance Was a Drag."

*Past performance is not indicative of future performance

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter. 

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