Does Owning a Home Affect Financial Stability?Posted by Florida Realty Marketplace on
The Consumer Financial Protection Bureau (CFPB) released its report on the financial well-being in America, showing most Americans are generally satisfied with their household situation.
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According to the report, average adults who answered to be “very satisfied” in the place they live have a higher level of financial stability (10 points by the metrics of the data, at 60,) than those that report being “less than very satisfied,” which stood at 50 points.
The report, notes, however, that this could be a chicken or an egg situation, “It is possible that being satisfied with one’s residence influences financial well-being, but it is also possible that individuals with greater financial resources and higher financial…
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