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Single women lead single men in homeownership, Lending Tree findings

In a recent article published by Lending Tree on January 16th, the social media community has been abuzz with conversations surrounding the findings that single women are leading single men in terms of home ownership in the United States. According to the analysis of the latest U.S. Census Bureau data by Lending Tree, single women living alone are more likely to own a home than their male counterparts in 47 out of 50 states. This revelation has sparked a flurry of speculations and joking comments online, ranging from suggestions that single women are leading due to factors like starting an OnlyFans account, benefiting from divorce settlements, to having sugar daddies. Women on social media fired back suggesting men have grown lazier playing video games and smoking weed. However, these comments overlook the more nuanced and complex realities driving this trend.

Despite the humorous takes on social media, the Lending Tree article makes it clear that the Census Bureau data used for their analysis does not delve into the reasons behind this gender gap in homeownership. Critical data that could shed light on this phenomenon, such as occupation, age, or sources of wealth, was not explored in the findings. Moreover, the inclusion of a statistic indicating that the median income of women is 83% lower than that of men—without clarifying that this figure encompasses women who do not work, including homemakers—has led to misunderstandings. This oversight has the potential to mislead readers, as it fails to accurately represent the economic dynamics at play.

The key findings from the Lending Tree analysis are quite revealing:

  • Across the U.S., single women own approximately 2.71 million more homes than single men, owning 10.95 million homes compared to the 8.24 million owned by single men.

  • The gender gap in homeownership has slightly increased from 2021, with a current difference of 2.71 million homes, up by 70,000 homes.

  • Delaware boasts the highest share of homes owned by single women, followed by Louisiana and Mississippi, highlighting significant state-by-state variations.

  • Interestingly, Alaska, North Dakota, and South Dakota are the exceptions where single men own a higher share of homes than single women.

These statistics suggest that single women are making significant strides in homeownership despite the broader economic disparities they face, such as earning less on average than men. Lending Tree posits that single women may be more willing to make sacrifices to achieve homeownership and that factors beyond individual earnings, such as longevity and widowhood, play crucial roles. It's important to note, however, that owning a home does not necessarily equate to better financial standing, especially considering the long-term economic challenges women face post-divorce.

By Ken Mooso

Source: Lending Tree


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