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Typical Homeowners Are Now Nearly 40 Times Wealthier Than Renters: Aspen Institute

Typical homeowners are now nearly 40 times wealthier than renters, according to the Aspen Institute.
The wealth disparity between homeowners and renters has increased significantly in recent years.
Homeownership is seen as a key factor in accumulating wealth, as noted by the Aspen Institute.
Economic factors and market conditions contribute to the growing wealth gap between homeowners and renters.

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New Pittsburgh Courier

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Bayou Beat News

Homeownership boom widens the wealth gap, leaving renters in financial instability

A Profile on the Wealth and Financial Well-Being of Renter Households highlights that renters today have a median net worth of just $10,400—a mere fraction of homeowners’ nearly $400,000 median net worth. According to the Aspen Institute Financial Security Program’s report, “From Rent to Riches,” the disparity is not solely due to home equity. While home equity … Continued

2 months ago·Pittsburgh, United States

Typical Homeowners Are Now Nearly 40 Times Wealthier Than Renters

The wealth gap between the country’s renters and homeowners is soaring: Homeowners’ median net worth is about $400,000, compared to just $10,400 for renters.

2 months ago

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The Washington Informer

D.C.'s Renters Face Growing Financial Divide as Home Values Climb

A new report from the Aspen Institute Financial Security Program reveals a widening wealth gap between renters and homeowners, highlighting the need for policy changes to help renters build wealth and achieve economic stability. The post D.C.’s Renters Face Growing Financial Divide as Home Values Climb appeared first on The Washington Informer.

2 months ago

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Newsmax

Renters Have a $10K Net Worth. Homeowners: $400K.

2 months ago·Washington, United States

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247wallst.com

Median Homeowner Net Worth Hits $400,000 While for Renters Its $10,400

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The gulf in net worth between homeowners and renters is huge. According to a new Aspen Institute study, $400,000 is the net worth for homeowners, but it is only $10,400 for renters. The primary reason is the equity homeowners have built in their houses. This is about half their total homeowner advantage. …

2 months ago·New York, United States

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CNN

+9 Reposted by 9 other sources

The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000

Two years ago, Elizabeth Grantham decided she didn’t want to rent much longer, so she moved from her hometown in the pricey San Francisco Bay Area to Washington state to save up to buy a home.

2 months ago·Atlanta, United States

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