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Personal Finance

Jill On Money: Why ownership pays off

Digilifetrends Published 1 min read

The Federal Reserve publishes its Survey of Consumer Finances every three years, offering a detailed look at what American households earn, own and owe. The newest report, which covers 2022 through 2025, brings a familiar result: households headed by someone age 75 or older have become the nation’s wealthiest age group.

After decades of working, many of those over the age of 75 own two valuable assets: their homes and their investments, writes Jill Schlesinger.

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