Table B-3. Standard Errors of Ownership Rates, Median Value of Asset Holdings,
and the Distribution of Net Worth by Asset Type: 1993 and 1991, 1988 and 1984
(Excludes group quarters)
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1993 1991 1988 1984
(in 1993 dollars) (in 1993 dollars) (in 1993 dollars)
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Median Median Median Median
Asset type Values of Distri- Values of Distri- Values of Distri- Values of Distri-
Percent of holdings bution of Percent of holdings bution of Percent of holdings bution of Percent of holdings bution of
households for asset households for asset households for asset households for asset
that own owners net that own owners net that own owners net that own owners net
asset type (dollars) worth asset type (dollars) worth asset type (dollars) worth asset type (dollars) worth
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All assets.................. (X) 762 2.00 (X) 846 2.20 (X) 950 2.80 (X) 949 3.50
Interest-earning assets
at financial institutions....... 0.31 1 0.32 0.35 107 0.44 0.37 122 0.47 0.40 128 0.56
Savings accounts............... 0.33 (NA) (NA) 0.39 (NA) (NA) 0.40 (NA) (NA) 0.43 (NA) (NA)
Money market deposit accounts.. 0.22 (NA) (NA) 0.28 (NA) (NA) 0.30 (NA) (NA) 0.32 (NA) (NA)
Certificates of deposit........ 0.25 (NA) (NA) 0.33 (NA) (NA) 0.32 (NA) (NA) 0.35 (NA) (NA)
Interest-earning checking...... 0.33 (NA) (NA) 0.39 (NA) (NA) 0.39 (NA) (NA) 0.38 (NA) (NA)
Other interest-earning assets.... 0.19 1,000 0.23 0.23 981 0.34 0.24 706 0.31 0.25 1,213 0.27
Money market funds............. 0.13 (NA) (NA) 0.16 (NA) (NA) 0.15 (NA) (NA) 0.17 (NA) (NA)
Government securities.......... 0.10 (NA) (NA) 0.12 (NA) (NA) 0.12 (NA) (NA) 0.10 (NA) (NA)
Corporate or municipal bonds... 0.12 (NA) (NA) 0.14 (NA) (NA) 0.14 (NA) (NA) 0.14 (NA) (NA)
Other interest-earning assets.. 0.10 (NA) (NA) 0.12 (NA) (NA) 0.15 (NA) (NA) 0.15 (NA) (NA)
Checking accounts................ 0.34 - 0.02 0.40 - 0.02 0.41 12 0.02 0.44 13 0.03
Stocks and mutual fund shares.... 0.27 338 0.47 0.32 445 0.39 0.34 282 0.66 0.35 292 0.76
Own home......................... 0.32 703 0.81 0.38 1,060 0.90 0.40 571 1.06 0.42 613 1.17
Rental property.................. 0.19 600 0.37 0.23 901 0.37 0.24 2,601 0.60 0.26 2,460 0.59
Other real estate................ 0.20 - 0.21 0.25 572 0.29 0.25 894 0.25 0.26 1,629 0.30
Vehicles......................... 0.24 49 0.11 0.27 37 0.13 0.28 66 0.13 0.31 70 0.16
Business or profession........... 0.21 998 0.59 0.26 331 0.49 0.27 479 0.73 0.30 1,426 0.99
U.S. savings bonds............... 0.26 4 0.07 0.31 27 0.04 0.31 46 0.04 0.32 22 0.06
IRA or Keogh accounts............ 0.29 399 0.22 0.34 556 0.19 0.35 310 0.18 0.35 153 0.13
Other financial investments\1.... 0.15 1,493 0.21 0.13 1,409 0.17 0.21 1,466 0.42 0.23 1,637 1.04
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- Represents zero.
X Not applicable.
NA Not available because separate questions were not asked about the amount held in these individual assets.
1/Includes mortgages held from sale of real estate, amount due from sale of business, unit trusts, and other financial investments.
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
