For some women, pursuing the American Dream still includes having children, a career and a home, according to a new survey from TD Bank.
Of the more than 1,300 consumers surveyed in April, women consider family and children (60%) and a stable career (59%) to be essential parts of the American Dream. Sixty-four percent of women said homeownership is also a key component.
Aspirations of homeownership were more prominent with women, with 66% of current female renters stating they intend to own a home in the future as opposed to 57% of men.
The study’s results showed 23% of women bought their first home because they felt financially ready, compared to 20% of current male homeowners. Additionally, the poll found that 93% of women did not regret purchasing their first home.
Of the respondents who intended to sell their current home and buy a bigger, more expensive home, 47% cited a growing family as a primary reason for the move.
For those who intended to sell their current house and purchase a larger one, just as many women said that space is an important factor as those who note the features of the home (58%). However, only 32% of men cited those reasons when buying up.
Half of current female homeowners reported buying their first home between the ages of 25-34, the survey showed. Twenty percent of women cited the American Dream as their biggest motivation in buying a home, compared to 15% of men.