Abstract
This paper examines how racial bias, income, education, and financial literacy impact homeowning for different consumers. Homeowning is modeled as a choice,and we hypothesize it has a positive relationship with financial literacy. The more financial literate the consumer is the higher chance they have to participate in homeowning. Using the 2016 National Financial Well-Being Survey, which is a cross-sectional survey of individuals, I estimate a regression model of the determinants of homeownership. The findings reveal that income displays a positiveand significant relationship with homeowning. I can bias exposure has a negative impact on homeowning, and that financial literacy does increase the chances of owning a home.
Advisor
Moledina, Amayaz
Department
Business Economics
Recommended Citation
Anderson, Autymn, "Home Ownership for African Americans: The Role of Financial Literacy and Racial Bias Exposure" (2026). Senior Independent Study Theses. Paper 13517.
https://openworks.wooster.edu/independentstudy/13517
Disciplines
Business
Publication Date
2026
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2026 Autymn Anderson