Economists at the Federal Reserve Bank of Boston published a paper that demonstrates a link between home price gains and the educational attainment and future earnings of children, the NAHB reports.
According to the paper, homeowner parents are better able to invest in their children’s education. However, the NAHB found that the paper does not provide a firm answer on whether the relationship between housing wealth and future college enrollment “is due to a wealth effect or eased credit constraints for the homeowners to access financing for education.”
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