![]() ![]() ![]() He also learned that most of those millionaires didn't live in massive luxury homes - rather, they lived in modest homes in affordable areas. Stanley interviewed more than 500 millionaires to learn how they built their wealth, and he found that most owned their homes. In researching his book " The Millionaire Next Door," Thomas J. ![]() By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept ourįor many American families, the bulk of their wealth or net worth is in their homes.Īccording to data from the Federal Reserve's 2016 Survey of Consumer Finances, the average American's net worth more than doubles if they own their home, with the typical homeowner's net worth at about $71,000, compared with the typical nonowner's net worth at about $31,000. ![]()
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