Home ownership plays a significant role in net worth of families. since 1963 the amount of net wealth held by the average white family has continued to increase from around $200,00 to about $1,000,000. the only real drops are represented by broader market trends demonstrating the greater amount of stocks, bonds, etc.
For the last 10 years home ownership in America has had great racial inequality. An analysis of home ownership percentage, for instance, shows that White Americans are significantly more likely to own their home than Hispanic Americans and Black Americans.
Income Inequality and America has only grown since 1968. During that time the highest income Americans had roughly 4% of the wealth in the country. By 2019, that number had grown to about 51%. at the same time, the lowest income Americans had their wealth decline from 4% to the total of 3%. similar drops asp occurred in the second, third, and fourth quartile.
Below is a figure that represents these changes over time. Hit the play button to see how this transformation occurred.