Skip to main content

Rich, Poor, and in Between: Who Benefits from the Mortgage Interest Deduction?

John C. Weicher

The equity that owners have in their homes is an important share of the net worth of American families. For most of the last 25 years, homeowners’ equity has constituted about a quarter of total household wealth,about as much as their ownership of stocks (including the amounts in retirement accounts and mutual funds), and more than the value of unincorporated businesses and commercial and rental real estate combined.

View PDF

Related Articles

Financial Storm in Puerto Rico

Jaime Daremblum

While Puerto Rico generally evokes images of tropical beauty, the view today is unfortunately clouded over by extreme financial woes, $70 billion in p...

Continue Reading

Obama's Ambitious Free Trade Proposals Are Dead

Irwin M. Stelzer

It is mandatory for economists to point out that one data point does not make a trend. We then all-too-often fill space with, er, a discussion of one ...

Continue Reading

How Private Entrepreneurs Won WWII

Arthur Herman

Hudson Institute Senior Fellow Arthur Herman on why FDR turned to private businessmen to fight and win World War II....

Watch Now