This paper documents the impact of home libraries on academic achievement, economic success, and health. It summarizes research that shows how children without access to reading materials at home are more likely to suffer learning losses when out of school and how home libraries are one of schools' and communities' best tools to combat learning loss. In sum, the paper illustrates the importance of creating a literacy-rich home environment for all children and outlines the essential components of a student home library--a tangible, cost-effective way to afford every child access to a bright, successful future. [This report was prepared by Scholastic Research & Validation.]