"The gulf in net worth between homeowners and renters is significant, with homeowners averaging $400,000 compared to only $10,400 for renters. This disparity highlights the wealth-building advantage of homeownership through equity."
"Today's 45 million renters in the United States are relatively young and diverse, representing the future of our economy; however, they struggle to transition into homeownership due to financial barriers and rising housing costs."
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