The primary way in which most North Americans with modest incomes accumulate wealth is through __________.

Question

Quizplus · Accepted Answer

According to studies, home ownership is the leading way that most North Americans with modest incomes accumulate wealth. This is due to the fact that home values tend to increase over time, building equity for homeowners. Additionally, homeownership can also provide potential tax benefits and the ability to borrow against the value of the home. Retirement accounts and investments tend to be more common among higher-income earners. Net financial assets typically refer to savings and investment accounts, which again tend to be more common among higher-income earners.

The Primary Way in Which Most North Americans with Modest