The American dream of home ownership is alive and well, even among consumers facing financial woes, says a poll from the National Foundation for Credit Counseling.
When asked what they were most anxious to do if their financial situation were to improve, more than half of those answering the group’s web poll, 51%, indicated they would buy a home. Home repairs and improvements captured the second highest number of respondents, with 23% selecting that option.
“Home ownership has traditionally been a part of sound financial planning,” said Gail Cunningham, spokesperson for the NFCC. “With a combined total of 74% of respondents selecting a home-oriented option, the poll results strongly suggests that people continue to place value in owning a home, and are anxious to buy a house or improve their existing one.”
The NFCC’s February Financial Literacy Opinion Index was conducted via the homepage of the NFCC website in February and was answered by 1,423 individuals.