“Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.”
Today, we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on educational achievement. Here are some of the major findings on this issue revealed in the report:
The decision to stay in school by teenage students is higher for those raised by home-owning parents compared to those in renter households.
Parental homeownership in low-income neighborhoods has a positive impact on high school graduation.
Though homeownership raises educational outcomes for children, neighborhood stability may have further enhanced the positive outcome.
Children of homeowners tend to have higher levels of achievement in math and reading and fewer behavioral problems.
Educational opportunities are more prevalent in neighborhoods with high rates of homeownership and community involvement.
The average child of homeowners is significantly more likely to achieve a higher level of education and, thereby, a higher level of earnings.
People often talk about the financial benefits of homeownership. As we can see, there are also social benefits of owning your own home.
*The next two Thursdays, we will report the study’s findings on the impact homeownership has on civic participation and a family’s health.
Author:Heather F Davidson Phone: 609-209-7581 Dated: February 9th 2017 Views: 221 About Heather: I'm an agent whose business is built on the promise of exceptional customer service. If you are sel...
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"Heather helped me buy my first house and she made the whole experience way less stressful than it could have been. She is very knowledgeable and a very nice person. She had answers to all of my questions and if she didn't know the answer right away she was quick to get it. Even in my crises moments when I was second guessing about buying or what I was doing she was there to calm me down, help me out, and keep me headed in the right direction. I highly recommend her for anyone's future home needs."