Expenses - the Neglected Half of the Household Budget Equation

To get a full picture of the economic challenges facing Americans of different incomes, we need to consider incomes and expenses together, especially rising expenses for housing, education and health care.

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What a New Study Tells Us about Homebuyer Education and Counseling

For generations, homeownership has been a gateway to the middle class and a cornerstone of the American Dream. Homeownership is one of the primary pathways to building wealth and financial security for U.S. families. However, as the recent collapse and uneven recovery of the housing market revealed, homeownership poses risks, both to borrowers and to the broader economy. Homebuyer education and counseling are intended to help individuals navigate the complexities of the housing market, make good home purchase and mortgage decisions, improve their financial management skills, and achieve sustainable homeownership and enhanced financial health. Despite the potential for homebuyer education and counseling, a lack of evidence exists on the question of its effectiveness.

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