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The US Middle Class Is Doing Fine. Why Are They So Worried?
Big Take
Home Ownership Is the Cornerstone of the Middle Class
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Two thirds of American households live in a house that they own. In 2012, Americans had about $9 trillion in home equity across the country. We've added $20 trillion in wealth just associated with property in the last decade. That is what is behind that wealth of the middle class to a large extent.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode