As many Americans struggle to pay their bills, keeping up with mortgage payments can be daunting with the risk of losing one’s home. The challenges to retain a home are stratified along racial differences. Black homeowners are twice as likely to lose their homes and transition back to renting than white homeowners, according to a recent Dartmouth-led study published in Demography . African American owners exit their homes at a rate of 10 percent compared with whites’ exit rate of five percent. These racial disparities in the loss of homeownership are due in part to Black homeowners having less access to wealth from extended family and higher rates of poverty across family networks.
Click here for original story, Losing the American Dream
Source: Phys.org