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Wealth and Asset Ownership
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Asset Ownership of Households: 1993
Highlights
Median net worth, as measured in the Survey of Income and Program
Participation (SIPP), for households in 1993 was $37,587 (+/-$1,250),
not significantly different from the 1991 median household net
worth of $38,500 (+/-$1,387) (in 1993 dollars).
Median home equity for households whose householders owned their own
homes increased between 1991 and 1993 from $43,070 (+/-$1,738) in 1991
(in 1993 dollars) to $46,669 (+/-$1,153) in 1993.
During the period 1991 to 1993, there were declines in the median
values of interest-earning assets at financial institutions, other
interest-earning assets, rental property, vehicles, and businesses or
professions. These declines were offset by increases in the median
values of stocks and mutual fund shares, home equity, and U.S. savings
bonds. The median value of holdings in checking accounts, other real
estate, IRA or Keogh accounts, and other financial investments did not
change between 1991 and 1993.
In 1993, median measured net worth varied from $5,786 (+/-$474) for
the youngest households to $91,481 (+/-$3,736) for households in the
55-to-64-year-old category. It was $77,654 (+/-$4,510) for the
oldest group (75 years and over). Median measured net worth fell
significantly from 1991 to 1993 for households in 35-to-44-year-old and
65-to-69-year-old categories.
In 1993, households with White householders had median measured net
worth of $45,740 (+/-$1,307), households with Black householders
had median measured net worth of $4,418 (+/-$697), and households
with Hispanic-origin householders had a median measured net worth of
$4,656 (+/-$681), which was not significantly different from that of
Black households.
Married-couple households had the largest median measured net worth,
$61,905 (+/-$1,614) in 1993. Both male- and female-maintained
households had median measured net worth approximately one-fifth that
of married-couple households in 1993.
Households headed by females experienced a decline in their median
measured net worth, from $15,518 (+/-$1,506) (in 1993 dollars) in 1991
to $13,294 (+/-$1,112) in 1993. This decline was concentrated among
female householders age 35 to 54.
Contact the Demographic Call Center Staff at 301-763-2422 or 1-866-758-1060 (toll free) or visit
ask.census.gov for further information on Wealth and Asset Ownership Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: January 28, 2005
