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Personal Finance

Jill On Money: Why ownership pays off

Digilifetrends Published 1 min read

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

After decades in the workforce, many people older than 75 have two major assets to their name: a home and investments, writes Jill Schlesinger. (Dreamstime/TNS)

Jill Schlesinger

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 version, covering the latest available data, shows a familiar result: households led by someone age 75 or older are now the wealthiest in the United States.

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