Wall Street

Many Teens Say They Want To Own A Home, But Most Lack Financial Understanding: Poll

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Knewz

By Alex Lang New York (Knewz) — Many teens say they dream of owning a home one day, but nearly half show poor financial understanding of homeownership, according to a new survey. A recent poll from Junior Achievement USA and Fannie Mae showed about 88 percent of teens would like to own a home someday. About 85 percent said owning a home is part of a “good life.” However, only 45 percent could correctly identify the definition of a mortgage and 76 said they didn’t have a clear understanding of credit scores. “There’s been this theme that younger Americans aren’t interested in homeownership, but…

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