Want To Build Wealth? Buy a Home

MoneyHouse

The Federal Reserve released a study about the changes in U.S. Finances. What were the results? This bulletin showed that homeownership is still a good financial investment:

  • Average American family has a net worth of $77,300 and 61.4% ($47,500) of that net worth is in a home’s equity
  • A Homeowner’s net worth is over 30 times greater than that of a renter
  • An average homeowner has a net worth of $174,500 (while the average net worth of a renter is $5,100)

Want to build wealth? Own a home.

Information source: The KCM Blog

2 thoughts on “Want To Build Wealth? Buy a Home

  1. Pingback: Home Equity Equals Over 60% of all Wealth | Elite So Cal Homes

  2. Pingback: Buy A Home…Now in Winter! | Sibcy Cline News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s