Want To Build Wealth? Buy a Home


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