And even for families who can afford a monthly mortgage, the upfront cost of buying a home can still keep the door closed. And we know what is at stake. According to the latest Federal Reserve data, the median net worth of a homeowner is 400,000, compared to just that of 10,000 for a renter or non homeowner. That gap is not just a number. It reflects access to opportunity, security and a stronger financial future. (06:02–06:13)
CLAIM
Asserts the median net worth disparity between homeowners and renters/non-homeowners.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
