The Federal Reserve conducts a Survey of Consumer Finances, every three years, and just released their latest edition this past week. Some of the findings revealed in their report: The average American family has a net worth of $81,200 Of that net worth, 61.4% ($49,856) of it is in home equity A homeowner’s net worth is over 36 times greater than that of a renter The average homeowner has a net worth of $194,500 while the average net worth of a renter is $5,400 Bottom Line: The Fed study found that homeownership is still a great way for a family to build wealth in America.
Posted on: Fri, 26 Sep 2014 20:22:31 +0000
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