Americans
Believe Home Ownership Vs Stocks is A Better Investment
A
recent Survey
of Consumer Finances study released by the Federal
Reserve
reveals the net worth of homeowners is forty times greater than
that of renters. If you’re wondering if homeownership is a good investment, the study
clearly answers that question, and the answer is yes.
Do Americans believe a home is a better investment than stocks?
In a post on the Liberty
Street Economics blog, the Federal Reserve
Bank of New York notes that 93.3% of Americans believe buying a
home is definitely or probably a better investment than
buying stocks.
Here’s how the results break down:
Insert 1st
Info Graph Here ->
The survey also shows a wide range of reasons why Americans feel that way
(respondents were able to pick more than one answer):
Insert 2nd
Info Graph Here ->
The
data show how strongly Americans believe in homeownership as an investment.
That belief is warranted. The Liberty Street Economics blog put it
best by saying “Housing represents the largest asset owned by most
households and is a major means of wealth accumulation, particularly for the
middle class.”
KCM.com
