【U.S. Treasury Department Research Economist Report: An Increasing Number of Low-Income Families Are Utilizing Cryptocurrency Investment Returns to Apply for Mortgages】Golden Finance reports that according to a report by U.S. Treasury Department research economists, an increasing number of low-income families are utilizing returns from cryptocurrency investments to apply for mortgages. The report states that among low-income households, 'cryptocurrency sales may support the opportunity to secure larger mortgages through larger down payments.' The report published by the Treasury Department's Office of Financial Research on November 26 was authored by researchers Samuel Hughes, Francisco Ilabaca, Jacob Lockwood, and Kevin Zhao. They added, 'The increase in borrowing is particularly pronounced among low-income families with high cryptocurrency exposure.' The report highlights that in areas with high cryptocurrency exposure, the mortgage ratio for low-income families has increased by more than 250%, with the average mortgage balance rising from about $172,000 in 2020 to about $443,000 in 2024.
