Wealth inequality between homeowners and renters is striking: Homeowners' median net worth is 80 times larger than renters' median net worth.
In 2015, 37% of households did not own a home and 47.1% of households did not have a retirement account. This gap in two key assets contributes to wealth inequality.
New household wealth measures became available with the release of the redesigned Survey of Income and Program Participation (SIPP). The SIPP’s sample size enables comparisons of the assets of many populations and groups, such as low-income households and households with or without children.
The Census Bureau will be continuing to release subsequent years of wealth data to the public. SIPP data on wealth in 2016 will be released early this fall.
Jonathan Eggleston is an economist and Donald Hays is a survey statistician in the Social, Economic and Housing Statistics Division at the Census Bureau.
American Housing Month: June 2022
The 2019 American Community Survey counted 139.69M housing units, up 1.15M from 2018, and up 7.90M from 131.79M in 2010.
Our email newsletter is sent out on the day we publish a story. Get an alert directly in your inbox to read, share and blog about our newest stories.
America Counts tells the stories behind the numbers in a new inviting way. We feature stories on various topics such as families, housing, employment, business, education, the economy, emergency management, health, population, income and poverty.
Contact our Public Information Office for media inquiries or interviews.