Buy a Home, Be Happy

Home ownership is linked to happiness and can lead to higher levels of well-being, according to a study from the OECD Better Life Index.

In the U.S., housing outperformed all other indicators like education, safety and environment in the survey results.

The enhanced sense of happiness that comes from home ownership may be more than just getting a new home. According to survey analysts, it is closely tied to the basic need for shelter. And home ownership can lead to status and independence – qualities that often are linked to contentment.

On the well-being index, housing was ranked as most important to happiness for quality of life over factors such as jobs, civic engagement, health and safety.

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