Table B-6. Standard Errors for the Median Net Worth by Age of Householder and Monthly Household Income Quintile:
1993 and 1991
(Excludes group quarters)
__________________________________________________________________________________________________________________________________
65 years and over
________________________________________
Monthly household income Less than 35 to 45 to 55 to 65 to 70 to 75 years
Total 35 years 44 years 54 years 64 years Total 69 years 74 years and over
__________________________________________________________________________________________________________________________________
1993
All households (thousands).............. 51 279 273 242 216 265 159 151 190
Median net worth (dollars)............ 762 289 1,023 1,772 2,278 2,193 3,673 4,267 2,750
Excluding home equity................. 189 109 319 562 1,788 741 2,350 1,726 1,310
Net Worth by Income Quintile\1
Lowest quintile:
Households (thousands)................ 258 146 111 92 98 169 82 83 128
Median net worth (dollars)............ 426 64 245 1,175 3,048 1,991 5,210 3,428 2,576
Excluding home equity................. 86 85 75 209 550 321 675 376 475
Second quintile:
Households (thousands)................ 258 147 122 99 100 157 86 85 106
Median net worth (dollars)............ 1,214 263 469 3,267 3,111 2,159 3,582 4,250 3,742
Excluding home equity................. 175 136 275 475 1,315 1,092 1,579 2,442 2,100
Third quintile:
Households (thousands)................ 258 153 141 110 100 125 74 68 77
Median net worth (dollars)............ 1,236 400 1,530 2,758 4,232 6,537 10,041 12,359 13,386
Excluding home equity................. 356 251 401 656 3,338 3,285 3,763 5,320 9,035
Fourth quintile:
Households (thousands)................ 258 146 154 125 102 101 64 55 57
Median net worth (dollars)............ 1,305 861 1,855 3,316 7,491 11,400 19,149 13,056 12,537
Excluding home equity................. 492 436 784 1,602 3,135 6,864 11,277 13,447 15,176
Highest quintile:
Households (thousands)................ 258 118 155 151 113 85 55 46 46
Median net worth (dollars)............ 2,723 2,586 4,640 4,383 7,420 27,805 39,524 33,108 62,835
Excluding home equity................. 1,365 1,497 1,318 2,503 8,230 17,586 29,645 38,201 69,377
1991 (in 1993 dollars)
All households (thousands).............. 41 281 268 234 218 264 162 150 187
Median net worth (dollars)............ 897 341 1,234 2,634 3,547 1,727 4,062 3,624 3,559
Excluding home equity................. 289 143 411 776 1,470 1,287 3,008 2,036 1,823
Net Worth by Income Quintile\1
Lowest quintile:
Households (thousands)................ 256 148 99 91 100 171 85 84 129
Median net worth (dollars)............ 652 93 434 1,421 3,540 2,090 3,788 6,398 3,049
Excluding home equity................. 46 182 30 212 293 458 410 573 530
Second quintile:
Households (thousands)................ 256 150 117 92 102 155 87 81 105
Median net worth (dollars)............ 1,766 194 1,093 2,519 3,933 2,047 5,033 6,639 4,058
Excluding home equity................. 363 262 444 734 1,886 1,981 4,291 1,463 3,975
Third quintile:
Households (thousands)................ 256 155 137 106 104 122 75 70 68
Median net worth (dollars)............ 1,405 585 2,222 2,296 6,966 6,289 8,878 12,985 14,979
Excluding home equity................. 359 292 538 1,144 2,690 3,579 4,346 11,824 8,385
Fourth quintile:
Households (thousands)................ 256 146 152 121 104 99 65 54 54
Median net worth (dollars)............ 2,436 1,166 1,921 3,617 7,180 13,551 23,930 19,578 28,619
Excluding home equity................. 747 814 803 888 5,883 12,452 11,036 15,125 13,586
Highest quintile:
Households (thousands)................ 256 121 156 144 109 87 57 46 48
Median net worth (dollars)............ 4,646 3,724 3,896 6,129 16,887 32,486 47,670 43,858 40,338
Excluding home equity................. 1,936 1,612 1,869 3,098 7,286 32,179 20,779 48,180 33,895
__________________________________________________________________________________________________________________________________
1/Quintile upper limits for 1993 were: lowest quintile - $1,071; second quintile - $1,963; third quintile - $2,995; fourth
quintile - 44,635. Quintile upper limits for 1991 were: lowest quintile - $1,135; second quintile - $2,027; third
quintile - $3,089; fourth quintile - $4,721.
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
