Fewer Young Americans Own Homes Than We Thought
Seeking a more accurate picture of homeownership rates in America, the Federal Reserve Bank of Minneapolis has developed a new method of calculating homeownership. The "homeowners-to-population ratio" (HPOP) considers the status of each individual adult instead of considering each housing unit. The problem with the older way of calculating is that it doesn't account for the social trends that explain the way Americans are living today.
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