A new survey finds that 89% of Americans believe owning a home is essential or important to their vision for the future, yet only 10% say homeownership is easily achievable.
be The Wall Street Journal/NORC Poll A July survey found differences among U.S. adults in their hopes and expectations regarding a range of long-term economic issues.
Financial stability and a comfortable retirement life were also rated as important but difficult to achieve.
The media outlet reported that 12 years ago, the Public Religion Research Institute asked people if the American Dream was “still true,” and more than half answered yes.
A recent survey found that today, roughly one-third of respondents believe the American Dream is attainable.
Economists say this is understandable, as younger generations face rising home prices that make it hard for them to buy homes and struggle to pay off student loans, The Wall Street Journal reported.
Across gender and party lines, the survey shows a wide gap between what Americans want for the future and their realistic expectations.
Vice President Harris' campaign has put a spotlight on the issue of homeownership and unveiled a strategy to give more young Americans the opportunity to own a home.
Harris also vowed to crack down on corporate landlords who buy homes and rent them out at inflated rents, and said her administration would build 3 million new homes and give homebuilders tax incentives for selling to first-time buyers.
The Wall Street Journal/NORC poll was conducted June 26-July 8 among 1,502 adults and has a margin of error of 3.3 percentage points.
