Home equity for all American homeowners has nearly doubled from $19.5 trillion at the end of 2019 to almost $36 trillion today. The $16 trillion gain in the past 6 years is more than the total amount of home equity heading into 2017.
The combination of a housing and stock market boom means U.S. households have never been richer than they are today. We’ve minted a lot of millionaires this cycle.
According to Bloomberg, there are now more than 24 million millionaire households in America which is around 1 in 5 households. One-third of this group has become a millionaire in the past 8 years.
-from this A Wealth of Common Sense post
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