The Survey of Chamber Finances released in September 2020 by the Federal Reserve found the medium US household net worth was $121,700. However, the difference between the net worth of homeowners versus renters was staggering.
In 2019, the homeowners in the USA had a medium net worth of $255,000. Meanwhile, renters had a net worth of only $6,300. A shocking difference of 40x between the two groups.
At Mwamba Realty Atlanta LLC our mission is to promote homeownership amongst families, so that they are placed on a trajectory of wealth creation.
If you are still renting and would like to make the transition to home ownership. Please reach out to us and we will be glad to guide you onto the path of homeownership.
Learn more about how owning a home can position you in a more comfortable financial status in this objective article.
: http://www.cnbc.com/select/average-net-worth-homeowners-renters/
