Ryo Kumasaka, one of the 110,000 people of Japanese ancestry who were rounded up and forced into U.S. concentration camps during World War II, worries that history may be repeating itself.
Home ownership is often regarded as the key to the American dream, including economic security, accumulating wealth and passing wealth on to the next generation. This is shown by the latest Survey of Consumer Finances, published by the Federal Reserve Board (FRB). In 2001 the median (typical) family that owned its home had a net worth of $171,700. Those without a home had a net worth of only $4,800. Although the typical homeowner is far from wealthy, those without homes have almost nothing to fall back on.