{"id":172156,"date":"2024-09-20T13:34:16","date_gmt":"2024-09-20T17:34:16","guid":{"rendered":"https:\/\/ncrc.org\/?p=172156"},"modified":"2024-09-20T13:34:19","modified_gmt":"2024-09-20T17:34:19","slug":"urban-institute-the-wealth-gap-between-homeowners-and-renters-has-reached-a-historic-high-2","status":"publish","type":"post","link":"https:\/\/ncrc.org\/urban-institute-the-wealth-gap-between-homeowners-and-renters-has-reached-a-historic-high-2\/","title":{"rendered":"Urban Institute: The Wealth Gap Between Homeowners And Renters Has Reached A Historic High"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Urban Institute, April 19, 2024, <a href=\"https:\/\/www.urban.org\/urban-wire\/wealth-gap-between-homeowners-and-renters-has-reached-historic-high\" target=\"_blank\" rel=\"noopener\">The Wealth Gap Between Homeowners And Renters Has Reached A Historic High<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Homes are often families\u2019 largest assets and one of the&nbsp;<a href=\"https:\/\/www.urban.org\/urban-wire\/2040-us-will-experience-modest-homeownership-declines-black-households-impact-will-be-dramatic\" target=\"_blank\" rel=\"noopener\">most effective ways to build wealth<\/a>, but countless news stories and studies detail just how out of reach homeownership has become. What does that mean for the wealth gap between owners and renters?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;<a href=\"https:\/\/www.federalreserve.gov\/econres\/scfindex.htm\" target=\"_blank\" rel=\"noreferrer noopener\">most recent Survey of Consumer Finances data<\/a>&nbsp;reveal that in 2022, both the median&nbsp;<em>and&nbsp;<\/em>average wealth gaps have reached historic highs since the data were first collected in 1989:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In 2022, the median wealth gap between homeowners and renters reached almost $390,000, and the average wealth gap reached over $1,370,000<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Urban Institute, April 19, 2024, The Wealth Gap Between Homeowners And Renters Has Reached A Historic High Homes are often families\u2019 largest assets and one of the&nbsp;most effective ways to build wealth, but countless news stories and studies detail just how out of reach homeownership has become. What does that mean for the wealth gap [&hellip;]<\/p>\n","protected":false},"author":3663,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"content-type":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"page_builder":"","footnotes":""},"categories":[1371],"tags":[],"class_list":["post-172156","post","type-post","status-publish","format-standard","hentry","category-radar"],"acf":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"NCRC","author_link":""},"uagb_comment_info":0,"uagb_excerpt":"Urban Institute, April 19, 2024, The Wealth Gap Between Homeowners And Renters Has Reached A Historic High Homes are often families\u2019 largest assets and one of the&nbsp;most effective ways to build wealth, but countless news stories and studies detail just how out of reach homeownership has become. What does that mean for the wealth gap&hellip;","_links":{"self":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/172156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/users\/3663"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/comments?post=172156"}],"version-history":[{"count":0,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/172156\/revisions"}],"wp:attachment":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/media?parent=172156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/categories?post=172156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/tags?post=172156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}