Renters struggle to build wealth, report finds. Here’s how they can boost financial well-being

Published Tue, Nov 26 20242:57 PM ESTUpdated Tue, Nov 26 20244:40 PM EST

By: Ana Teresa Solá

It’s no secret that homeowners often have a higher net worth than renters. But while renters face unique affordability challenges, there are still steps they can take to improve their financial standing.

In 2022, the typical renter in the U.S. had a median net worth of $10,400, according to a new report by the Aspen Institute. That’s a record high — even though it represents less than 3% of the nearly $400,000 net worth of homeowners.LEARN MORE…

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