How owning a home can protect your retirement

The video above explains a recent story about a lady I encountered who is forced out of a home after 33 years of renting.
This article from keepingcurentmatters how home owners are wealthier than renters.
Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a recent Forbesarticle the National Association of Realtors’ (NAR)Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.


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