US homeowners' median net worth is $400,000, vs. $10,400 for renters, highlighting wealth gap.

The median net worth of US homeowners is $400,000, compared to $10,400 for renters, according to a new Aspen Institute report. Homeownership, traditionally a key wealth-building tool, is becoming harder to achieve due to soaring home prices. Renters face financial challenges like higher housing costs, weaker cash flow, and more debt, while homeowners are more likely to own other assets like stocks and retirement accounts.

3 months ago
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