Money · Facts & sources
4 sourced facts about home equity and financial equity, each with the context behind the number. 4 more are in today's round and appear here after it closes.
Answerabout $400,000
The wealth gap between homeowners and renters is enormous, and has grown wider over time.
Source: Home-equity market data (via web research) (2024) en.wikipedia.org
Answerabout 43%
For most American households, the home is by far the single biggest source of wealth.
Source: Home-equity market data (via web research) (2024) en.wikipedia.org
Answerabout 70%
The gap between owners' and renters' wealth has been widening for over three decades.
Source: Home-equity market data (via web research) (2022) en.wikipedia.org
Answerabout 27.2%
Home equity's importance to household wealth has grown noticeably since the turn of the century.
Source: Home-equity market data (via web research) (2024) en.wikipedia.org