The Importance Of Business Ownership To Wealth

“U.S. SMALL BUSINESS ADMINISTRATION OFFICE OF ADVOCACY”

“On average, the self-employed are wealthier than the non-self employed and are significantly wealthier than workers and retirees. According to 2019 data from the Federal Reserve, business ownership is an important source of family wealth, representing 34% of non-financial assets. Business equity as a share of nonfinancial assets differs for demographic groups.

For White (non-Hispanic) families, business equity makes up about one out of every three dollars of non-financial assets, whereas for Black (non-Hispanic) or Hispanic families, business equity makes up about one out of every eight dollars of nonfinancial assets. “

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https://rosecoveredglasses.wordpress.com/2021/08/20/the-importance-of-business-ownership-to-wealth/