[refurb]

70% of Americans own their own home. Are 70% of Americans rich?

[docdeek]

I would expect 70% might have a mortgage but owning - as in not having to pay the mortgage because you own the home entirely - would be well under 70%.

[icebraining]

No, 70% live in a non-rented home (an adult son living in their parent's home is also counted, for example). Also, only 34% are fully paid off.

[Spivak]

If you’re under 35 and own your home outright you’re either rich or your parents are.

[mrlala]

Err, are you saying 70% own their own home (i.e., no mortgage) or 70% live in a house which some percentage >0 and <90% is owned by the bank?

There's kind of a big difference there...