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Personal Finance

Jill On Money: Why ownership pays off

Digilifetrends Published 1 min read

Every three years, the Federal Reserve publishes its Survey of Consumer Finances, a detailed look at what American households earn, own, and owe. The newest report, covering 2022 through 2025, included a familiar headline: households headed by someone age 75 or older are now the wealthiest age group in the United States.

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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