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Jill On Money: It’s good to be an owner
The Federal Reserve says ownership of homes and investments has helped older households build more wealth than younger families.
- The Federal Reserve's Survey of Consumer Finances, released every three years, reveals American families headed by someone 75 or older are now the country's wealthiest age group based on 2022–2025 data.
- Wealth gaps are largely driven by asset ownership, such as homes and investments, rather than income alone, reflecting accumulation over decades of working.
- Conversely, younger households under 35 experienced a decline in median net worth, with many heavily reliant on employment income rather than accumulated assets.
- Persistent inflation and rising home prices have reshaped American household finances, forcing workers to adjust spending habits to maintain financial stability.
- Long-Term asset accumulation remains the primary driver of financial security, positioning families with homeownership and investments to navigate economic shifts more effectively than younger cohorts.
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22 Articles
The Times of Northwest Indiana+21 Reposted by 21 other sources
Jill On Money: It’s good to be an owner
Every three years, the Federal Reserve releases its Survey of Consumer Finances (SCF), a deep dive into what American families earn, own and owe. The latest edition, covering 2022 through 2025, delivered a not-so-surprising headline: Families headed by someone 75…
·Munster, United States
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Total News Sources22
Leaning Left2Leaning Right0Center20Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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