Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.99%0.00
Mortgage

Americans have many problems, but owning a home isn’t one

Healthcare is No. 1 concern

The results of the latest Gallup poll show that the average American is still fretting over finances.

Let’s be honest, that will never change.

But what Americans fret over, financially, does.

Right now, more Americans are concerned about healthcare cost, low wages and a lack of jobs.

When it comes to the capital markets, they worry about the cost of college for their children.

But, to us, the most striking result of the Gallup poll, explained in the chart below, is the shift in the attitude towards owning a home.

In just three short years, the number of Americans who cite the costs associated with homeownership and renting as one of their biggest financial worries, sliced firmly in half.

In 2012, a full 12% of Americans put this cost at the top of their financial worry. Now it’s down to 6%.

Although when broken down by income, the results skew somewhat.

Below the $30k/year bracket, housing is the most important worry for 9% of the respondents. That lowers to 4% in the $30k to $75k range. But then, it jumps up to 6% for Americans making more than that.

Click here for the full report.

“Perhaps not surprisingly, lower-income Americans name "lack of money/cash flow" and "not enough money to pay debts" as their top most important money woes,” Gallup said.

“The stock market or investments, interest rates, retirement savings and controlling spending do not rank among lower-income Americans' top financial problems.”

Here’s how the woes break down (click to enlarge):

Gallup

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please