A recent report by the U.S. Census Bureau on household wealth in 2015 reveals that the wealth gap between home owners and renters is striking: The median net worth of home owners is 80 times larger than the median net worth of renters.
The report found that home equity accounted for the largest portion of net worth in 2015 (34.1%). Moreover, a relatively small number of assets constituted the majority of household wealth.
For example, two asset categories – equity in own home and retirement accounts – accounted for 62.9% of household net worth in 2015.
View the Census report
on household wealth in 2015 and click here
for highlights on the report’s findings.