Homeownership is Still a Huge Part of the American Dream

    1American-Dream-KCM

    There have been some who have voiced doubt as to whether or not the younger generations still consider buying a home as being part of the “American Dream”. A study by Merrill Lynch puts that doubt to rest.

    According to their research, every living generation still believes that owning a home is in fact important. Here are the numbers:

    2American-Dream-KCM

    There have been some who have voiced doubt as to whether or not the younger generations still consider buying a home as being part of the “American Dream”. A study by Merrill Lynch puts that doubt to rest.

    According to their research, every living generation still believes that owning a home is in fact important. Here are the numbers:

    3Home-Equity-KCM

    Bottom Line

    There are many reasons that owning a home makes sense. The financial reasons are powerful. As one participant in the Merrill Lynch study put it:

    “When I was younger, I always worried about that monthly mortgage payment. Now that I am retired, I have the peace of mind of knowing I own my home free and clear.”

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