Tag: home equity

55+ Households Account for 2/3 of Home Equity

Filed in 55+ Housing, Economics, Homeownership by on February 9, 2018 0 Comments
55+ Households Account for 2/3 of Home Equity

Households headed by someone age 55 or older account for two-thirds of the nation’s total home equity, according to data from the most recent (2016) Survey of Consumer Finances. (SCF). The survey is conducted every three years by the Federal Reserve and serves as one of the few federal sources of information on household wealth.

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