Single men have long been more likely than single women to own a home, but that gap narrowed sharply in recent years, nearly closing in 2021. However, a recent survey shows that it widened again last year, shining light on the home buying challenges single women face, including lower salaries and a more volatile workforce experience.
In 2016, 19.4% of young single women owned a home, compared with 29.6% of young single men — a gap of 10.1 percentage points. The gap shrunk throughout the next five years as more and more women entered the workforce — leading to record-high numbers in 2020 — and women’s incomes began to rise. By 2021, that gap was a mere 1.8 percentage points.
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