American dream out of reach? Only 10% polled said they can afford to buy home

Published September 2, 2024 11:20am ET



(The Center Square) – Only 10% of those surveyed in a new poll said the “American dream” of homeownership is affordable, with others citing 40-year high inflationary costs, 23-year-high interest rates, limited supply of affordable housing and earnings that have eroded because of inflation.

According to a Wall Street Journal/NORC poll of 1,502 U.S. adults, the sentiment was consistent across gender and party lines, with young Americans expressing the greatest despair, saying they’ve “been priced out of homeownership.”

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