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Homeownership is the Top Contributor to Your Net Worth

Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest determinants of household wealth [are] owning a home and having a retirement account.” (Shown in the graph below): This does not come as a surprise, as we often mention that homeownership can help you to increase your family’s wealth. This study reinforces that idea, “Net worth is an important indicator of economic well-being and provides insights into a household’s economic health.” Having equity in your home can help you

916-718-2979

eXp Realty

2603 Camino Ramon, Ste. 200

San Ramon, CA 94583

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Matthew Stewart Real Estate Team at eXp Realty

Broker associate

BRE# 01203051

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