The primary way in which most Americans accumulate wealth is through __________.

Question

Quizplus · Accepted Answer

According to a Federal Reserve Survey of Consumer Finances, the primary way most Americans accumulate wealth is through home ownership. Home values in the United States have traditionally increased over time, allowing homeowners to build equity in their properties. Additionally, home ownership can provide tax benefits and can serve as a vehicle for forced savings (i.e. paying a mortgage each month). Retirement accounts and investments can also help individuals accumulate wealth, but not as consistently and reliably as home ownership. Net financial assets (such as savings accounts and stocks) are less common among lower and middle-class households, and are more prevalent among wealthier households.

The Primary Way in Which Most Americans Accumulate Wealth Is