Throughout Digital Risks Break the Glass Executive Women’s Sonoma Summit, we brainstormed how and why disruption in the mortgage industry should be spearheaded by one of the most influential, highly educated, and fiscally responsible consumer groups women. The Urban Institutes research shows that while single women often carry more debt and have lower credit scores, they are better at paying their mortgage than their single male counterparts. Women choose to put down much higher down payments despite having lower incomes, reflecting that single women are more risk-adverse than single men.
Key Takeaways:
- In 47 of the 50 largest metropolitan areas single, childless women in their 20s are making more money than their male peers.
- The data reflected that single women with higher education levels are more likely to purchase homes before their male counterparts.
- Unfortunately, this study also found that women were most critical in their comments about financial institutions.
“Disruption in the mortgage industry should be spearheaded by one of the most influential, highly educated, and fiscally responsible consumer groups – women.”
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