A recent study reveals that single women in the U.S. own more homes than single men in the U.S.
How is this possible when women earn less than men?
It is a well-known fact that women in the United States earn 83.1 cents for every dollar a man makes, according to the U.S. Bureau of Labor Statistics (BLS).
Yet, a recent LendingTree analysis of U.S. Census Bureau data finds that single women are more likely than single men to own a home in 48 of 50 states.
How could this be? The study suggests several possible explanations, bringing to light the resilience and determination of women in achieving their financial goals.
This New data shows that single women in the United States own 2.64 million more homes than single men, with single women owning 10.76 million homes and single men owning 8.12 million.
Single women make up an average of 12.90% of homeowner-occupied homes in the 50 states, while single men make up only 10.06%.
Despite the fact that single women earn less on average than men, they still manage to secure homeownership at a higher rate. This is likely due to a number of factors, including rising real estate prices and the increasing cost of renting. Women have also been shown to be more financially savvy and proactive in their savings and investment strategies, which may contribute to their higher rate of homeownership.
The study’s findings also highlight the importance of policies and programs aimed at helping women achieve financial stability and independence. This includes initiatives to close the pay gap between men and women and providing access to affordable housing and home-buying assistance.