In the United States, the key source of wealth is ______.

Question

Quizplus · Accepted Answer

Home equity, or the value of one's home minus the outstanding mortgage, is considered a major source of wealth in the United States. This is due to the steady increase in home prices over time and the ability to leverage this equity through options such as refinancing or taking out a home equity loan. While income and higher education can certainly contribute to one's overall financial well-being, home equity remains a significant factor in building wealth. Renting, on the other hand, does not provide the same opportunity for equity accumulation.

In the United States, the Key Source of Wealth Is