Freddie Mac · OTC:FMCC
Freddie Mac — Investor Presentation (September 2021)
18 slides from Freddie Mac's investor presentation, September 2021
Slide 1: Single Female Head of Households: Hopes and Challenges for the Future
Single Female Head of Households Hopes and Challenges for the Future September 2021 © Freddie Mac Prepared by Market Insights
Slide 2: Single Female Head of Households Study Overview
Single Female Head of Households Study Overview Objectives: To better understand the single female head of household (SFHOH) population, including learning more about their overall housing and financial situations, identifying meaningful differences among demographic cohorts, and determining how rec
Slide 3: Key Takeaways
Key Takeaways About two in five SFHOHs are renters. Black and Hispanic SFHOHs face more challenges than 1 White SFHOHs – particularly if they are renting. These women are more likely to be cost-burdened, as compared to owners. About one in five renters allocates more than 50% of her income toward re
Slide 4: Who Are They?
Who Are They? © Freddie Mac
Slide 5: Most SFHOH were previously married, have some college education, are employed and own a home
Most SFHOH were previously married, have at least some college education, are employed and own a home Marital status Generation Race/Ethnicity 41% 38% Gen Z 5% White 57% Millennial 22% 21% Black 24% Gen X 22% Hispanic 12% Boomer 41% Never Divored or Widowed Silent 10% Other/2+ 7% married seperated E
Slide 6: Just over half of SFHOHs live with others; one in six is the parent of a minor child
Just over half of SFHOHs live with others; one in six is the parent of a minor child who lives with her Do any of the following people currently live with you? Live with other adult(s)/relative(s) but not Live alone own minor or adult child(ren) Live with own minor or adult child(ren) All SFHOHs Gen
Slide 7: 32% of SFHOHs report being concerned about discrimination or poor treatment
In the past year, 32% of SFHOHs report being concerned about discrimination or poor treatment based on personal characteristics, most commonly race/ethnicity In the past 12 months, have you been Total Percentage Concerned About concerned about discrimination or afraid of Discrimination Based on Any
Slide 8: What's Their Financial Perspective?
What’s Their Financial Perspective? © Freddie Mac
Slide 9: Nearly three in 10 employed before COVID had work schedule disruptions
Nearly three in 10 employed before COVID had disruptions to their work schedule during the pandemic Among those who were employed When do you plan to return to the workforce? before the pandemic: (Among those who left the workforce) Other Report disruptions to Already have 29% work schedules during
Slide 10: Most SFHOHs have enough money beyond each payday, though younger generations struggle more
Most SFHOHs have enough money to go beyond each payday, though younger generations are more likely than Boomers to be struggling financially Which of the following best describes your household’s general financial situation? 59% 63% 47% 52% 39% 34% All SFHOH Gen X & Boomers younger Don’t have enough
Slide 11: Younger generations feel more stressed and anxious, while Boomers are more hopeful
Younger generations feel more stressed and anxious, while Boomers are more likely to be hopeful about the future Gen X & Younger Baby Boomers 54% report their finances were not impacted by 69% report their finances were not impacted by COVID or have already recovered. 25% will not COVID or have alre
Slide 12: Black and Hispanic SFHOHs are more likely to struggle financially than White SFHOHs
Black and Hispanic SFHOHs are more likely to struggle financially than White SFHOHs Which of the following best describes your household’s general financial situation? 65% 53% 51% 48% 43% 34% White Black Hispanic Don’t have enough for basics or live Have enough to go beyond each payday payday to pay
Slide 13: Living alone or with others are both financial struggles, particularly among Hispanic SFHOH
Living alone or with others are both financial struggles for SFHOH – particularly among Hispanic SFHOH Living alone is a financial struggle for me Providing for people who live with me is a financial struggle (Asked only of those living alone) (Asked only of those living with others) 27% 25% 41% 31%
Slide 14: Hispanic SFHOHs are less hopeful about the future, while Black SFHOHs are most likely happy
Hispanic SFHOHs are less hopeful about the future, while Black SFHOHs are the most likely to feel happy White SFHOHs Black SFHOHs Hispanic SFHOHs 71% report their finances 53% report their finances 49% report their finances were not impacted by COVID were not impacted by COVID were not impacted by C
Slide 15: What Are the Forward-Looking Impacts?
What Are the Forward-Looking Impacts? © Freddie Mac
Slide 16: Many SFHOH renters are considering buying upon their next move, though many are unaware of down payment requirements
Many SFHOH renters are considering buying upon their next move, though many are unaware of what’s required for a down payment 53% 39% 44% SFHOH renters are SFHOH renters SFHOH renters spending >30% on expect to buy upon don’t know how their rent their next move much is required for a down payment Wh
Slide 17: SFHOH renters experience standard obstacles to owning a home and some count themselves out
SFHOH renters experience many of the standard obstacles to owning a home and some are simply counting themselves out of becoming homeowners altogether Obstacles to Owning a Home (% Major/Minor Obstacle) 82% 75% 74% 58% Not enough money Not earning enough Mortgage would for a down payment for mortgag
Slide 18: SFHOH renters feel confident managing finances and building credit despite homebuying trepidation
Although the mortgage and homebuying process yields significant trepidation, SFHOH renters feel confident when it comes to managing their finances and building credit Confidence in Knowledge of Finances and Home Buying/Owning Total Renters Renters Planning to Buy How to build my credit 78% 88% Manag