Figure 7 is titled Median Nonhousing Wealth Among AANHPI Homeowners. The figure shows a bar graph indicating increases in wealth over years since purchase. Bars display wealth amounts: $67,685 for 0-5 years, $149,121 for 6-10 years, $145,329 for 11-15 years, $152,736 for 16-20 years, and $521,530 for 21+ years. Source: Urban Institute analysis of 1999-2023 Panel Study of Income Dynamics data. Note clarifies nonhousing wealth calculation.
Homeownership plays a central role in wealth building in the US, yet far less is known about how #wealth evolves after households become homeowners—particularly for #AANHPI households. New Urban #research sheds light and offers insights to inform policy. https://urbn.is/4akHJqr