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white person was up by 3.6 million in 2006-2016, more than offset- ting the 2.6 million decline that had occurred over the previous 20 years. While minority renters collectively drove most of the increase in renter households over the decade, white households were responsible for the largest share of growth (37 percent), followed by Hispanics (27 percent), blacks (21 percent), and Asians/others (15 percent). The majority of the increase in white renters (65 percent) was among households age 50 and over, but younger households— particularly those in the 25-34 year-old age group—also contributed significantly to growth. PROFILE OF RENTER HOUSEHOLDS Despite the changing composition of renter household growth over the past decade, households that rent their housing differ in systematic ways from those that own homes (Figure 771. In particular, renters tend to be younger, with a median age of 40 in 2016 compared with 56 for homeowners. Rentership rates decline with age, dropping from more than two-thirds (68 percent) of households under age 35 to less than a quarter (24 percent) of households age 55 and over. Nevertheless, the overall aging of the population has meant that one in three renters is now over the age of 50. Although the majority of renter households are white, the minority share of renters (47 percent) is twice that of homeowners. As mea- sured by the Current Population Survey, rentership rates of Hispanic, black, and all other minority households are higher than for whites both overall and across age groups. Renters are also more apt to be foreign bom than homeowners, with immigrants accounting for 20 percent of renters but just 12 percent of owners. Renter households are smaller on average than owner households. Over a third of renter households (37 percent) are single persons living alone—far higher than the 23 percent share among owners. Still, families make up a significant share of renter households, and families with children in fact account for a larger share of renter households (33 percent) than homeowner households (30 percent) in the 2016 ACS. Household incomes for renters are lower than for owners. According to the American Community Survey, the median income for cash renters in 2016 was $37,300—more than 49 percent below the medi- an income of owners of $73,100. In addition, two-thirds of all renter households (30.5 million) were in the bottom half of the income distribution (below the US median household income). As measured by HUD's Worst Case Housing Needs 2017 Report to Congress, 64 percent of renters had low incomes (80 percent or less of area medi- ans) and 26 percent had extremely low incomes (30 percent or less of area medians). In addition to their lower incomes, renter households have very little savings and wealth. The latest Survey of Consumer Finances indicates that the median net worth of renter households was only $5,000 in 2016, a small fraction of the median owner's net worth of Renters Are More Likely than Owners to Be Young, Low Income, and Single Shore of HorsoheIus (Portant) 160 90 90 70 60 50 40 30 20 10 0 10 Reuters Owners 100 90 00 70 50 50 40 30 20 10 0 Renters Owners Age of Household Head Household Income ■ Under 29 IN 65-64 ! Undor$15,000 $45,00 74,999 '. '. 25-34 065 and Over 1:-$15,01129,999 0$75,000 and Over 039-54 $30144,999 Note. Families with children include any household with a child under the age of 18. Source'. JCHS tabulations of US Census Bureau, 2018 Amerhan Community Survey 1 -Year Estimates. 100 90 80 70 60 50 40 30 20 10 0 Renters Owners Household Tope N Single Person IN Marded/Partnered without Children Other Family/Nonfamily 0 Farniliaswith Children