According to the U.S. Census Bureau’s Selected Economic Characteristics, based on 2010-2014 American Community Survey 5-Year Estimates, 30.9 percent of American families headed by women with no husband present are below the poverty level. As women make advancements in the American workforce—by progressing to executive roles, achieving higher pay and eliminating longstanding barriers—the percentage of women householders living in poverty will decrease accordingly, and as this progress occurs, it is important to secure it with tangible assets.
Homeownership is one of the most powerful avenues through which to cement one’s economic foundation. An increase in women’s homeownership levels would safeguard their advancements and provide a platform for future generations to do the same. From financial security and independence to confident personal and professional lives, the benefits of women’s homeownership are decisive.
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