October 17, 2019 rummy

Recent studies show that home equity is the top contributor to your net worth closely followed by retirement accounts, stocks and mutual funds, assets at financial institutions and the rest. 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…