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| Wealth and Asset Ownership |
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Table 3. Interest-earning Asset Ownership Rates for Households, by Selected Characteristics: 1995
(Excludes group quarters.)
Percent owning interest-earning assets
Held at financial institute
Money Certi- Interest-
Number of Passbook market ficates earning
households savings deposit of checking
(thousands) Total Total accounts accounts deposit accounts
Total 99088 70.3 69.8 59.5 10.5 13.4 36.4
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER
White 84224 73.5 72.9 61.7 11.6 14.9 39.1
Black 11719 47.6 47.4 43.4 2.6 3.7 17.0
Hispanic Origin 8161 49.8 49.6 44.8 3.4 3.4 19.1
AGE OF HOUSEHOLDER
Less than 35 years 24092 62.1 61.8 55.5 4.7 4.1 28.0
35 to 44 years 23343 70.6 70.2 62.5 8.5 7.7 33.8
45 to 54 years 17813 72.8 72.5 64.9 12.0 11.4 37.9
55 to 64 years 12338 72.0 71.1 58.9 13.2 16.4 39.7
65 years and over 21502 76.0 75.1 56.6 16.1 30.0 45.7
65 to 69 years 6056 75.7 74.7 59.1 15.6 25.6 45.5
70 to 74 years 5834 75.7 74.8 58.0 18.0 30.0 45.6
75 and over 9612 76.3 75.4 54.2 15.2 32.7 45.9
EDUCATION OF HOUSEHOLDER
Less than 12 years 20597 50.3 50.1 41.0 5.3 11.9 22.3
High school: 4 years 31669 67.5 67.1 57.3 8.1 13.5 32.7
College: 1 to 3 years 23665 74.4 73.9 64.8 8.9 11.5 37.4
4 or more years 23158 87.6 86.7 73.5 19.8 16.6 53.1
TYPE OF HOUSEHOLD BY AGE
OF HOUSEHOLDER
Married-couple households 54685 77.7 77.3 67.4 12.7 14.9 41.8
Less than 35 years 11753 70.6 70.5 64.2 6.6 5.0 32.8
35 to 54 years 25949 78.6 78.2 70.7 12.0 10.9 40.7
55 to 64 years 7495 80.1 79.0 65.8 16.4 19.8 46.6
65 years and over 9487 82.3 81.7 63.7 19.3 34.2 52.3
Male householder 16044 63.8 63.1 51.8 7.4 9.2 31.7
Less than 35 years 5402 61.1 60.5 52.7 3.5 4.1 27.2
35 to 54 years 6336 62.9 62.4 53.2 8.0 6.7 29.9
55 to 64 years 1539 62.2 61.5 48.3 8.9 10.7 33.6
65 years and over 2767 71.9 70.4 48.7 12.7 24.3 43.4
Female householder 28359 59.5 59.0 48.6 7.8 12.9 28.8
Less than 35 years 6937 48.4 48.2 42.9 2.5 2.6 20.6
35 to 54 years 8869 57.1 57.0 50.1 5.7 6.5 24.6
55 to 64 years 3305 58.2 57.9 48.3 8.0 11.4 26.7
65 years and over 9248 70.7 69.6 51.6 13.8 27.4 39.7
LABOR FORCE ACTIVITY OF
HOUSEHOLDERS UNDER 65
YEARS
Total 77586 68.7 68.3 60.3 8.9 8.8 33.9
With labor force activity 66357 72.5 72.1 64.0 9.4 9.0 35.7
With job entire period 61405 74.3 73.9 65.7 9.8 9.3 36.5
With job part of period 3518 55.0 54.9 47.1 4.6 5.6 27.4
No job during period, spent time looking
or on layoff 1434 39.8 39.8 32.7 4.8 4.1 20.0
No labor force activity 11229 46.1 45.6 38.3 5.8 7.7 23.0
Monthly Household Income
Lowest quintile 19838 41.4 41.1 32.0 4.1 8.6 18.2
Second quintile 19812 62.6 62.1 50.8 6.8 13.7 29.2
Third quintile 19811 73.7 73.3 62.6 9.2 13.6 36.5
Fourth quintile 19812 82.3 81.8 71.6 11.2 13.9 42.4
Highest quintile 19814 91.3 90.5 80.4 21.0 17.3 56.0
Household Net Worth
Negative or Zero 10247 34.2 34.2 29.2 1.3 1.5 15.5
$1 to $4,999............ 14092 43.2 43.0 37.4 1.3 1.6 14.5
$5,000 to $9,999........ 6022 62.7 62.2 54.9 2.3 4.2 21.7
$10,000 to $24,999...... 11629 69.8 69.5 61.5 4.7 6.3 31.3
$25,000 to $49,999...... 11633 73.4 73.0 63.8 6.9 9.9 34.4
$50,000 to $99,999...... 16111 79.1 78.7 68.1 9.6 15.3 39.9
$100,000 to $249,999.... 18862 89.3 88.6 74.6 17.9 25.2 54.6
$250,000 to $499,999.... 7028 94.7 93.8 74.9 32.0 35.0 63.0
$500,000 and over....... 3464 96.7 93.5 72.7 40.3 31.5 68.3
REGION
Northeast 20184 74.2 73.6 62.9 12.5 12.4 38.4
Midwest 25569 75.3 74.7 64.2 10.3 17.7 38.5
South 33414 63.2 62.8 51.9 9.4 12.7 34.0
West 19921 71.7 71.2 62.8 10.3 10.2 36.0
TENURE
Owner 63663 79.9 79.3 67.4 13.9 17.7 44.0
Renter 35424 52.9 52.6 45.2 4.2 5.7 22.9
Table 3. Interest-earning Asset Ownership Rates for Households, by Selected Characteristics: 1995
(Excludes group quarters.)
Percent owning interest-earning assets
Other interest-earning assets
U.S. Municipal
Money Govern- and
market ment corporate Other
Total funds securities bonds assets
Total 7.8 3.3 1.9 3.0 2.0
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER
White 8.8 3.8 2.2 3.4 2.2
Black 1.1 0.2 0.1 0.3 0.8
Hispanic Origin 1.7 0.8 0.3 0.5 0.6
AGE OF HOUSEHOLDER
Less than 35 years 3.3 1.9 0.6 0.9 0.8
35 to 44 years 5.5 2.8 1.0 1.5 1.5
45 to 54 years 7.7 4.0 1.4 2.5 2.1
55 to 64 years 10.4 4.3 2.6 4.4 2.6
65 years and over 13.8 4.3 4.4 6.5 3.5
65 to 69 years 15.3 5.8 4.7 7.2 3.7
70 to 74 years 14.2 4.7 4.1 6.7 3.6
75 and over 12.6 3.1 4.5 5.9 3.2
EDUCATION OF HOUSEHOLDER
Less than 12 years 2.6 0.8 0.6 1.0 0.7
High school: 4 years 5.2 1.4 1.5 1.7 1.7
College: 1 to 3 years 6.8 2.8 1.7 2.3 1.9
4 or more years 16.9 8.6 3.9 7.2 3.7
TYPE OF HOUSEHOLD BY AGE
OF HOUSEHOLDER
Married-couple households 9.0 4.0 2.1 3.6 2.3
Less than 35 years 3.3 1.9 0.6 0.7 0.8
35 to 54 years 7.6 3.9 1.4 2.3 2.1
55 to 64 years 12.6 5.2 3.1 5.6 3.2
65 years and over 17.3 5.6 5.4 9.4 4.2
Male householder 6.7 3.5 1.3 2.0 1.4
Less than 35 years 4.8 3.0 0.8 1.6 0.9
35 to 54 years 5.9 3.5 0.6 1.1 1.2
55 to 64 years 7.1 3.6 1.2 3.0 1.8
65 years and over 11.9 4.4 4.0 4.1 2.8
Female householder 6.0 1.9 1.8 2.2 1.7
Less than 35 years 2.1 1.0 0.6 0.5 0.6
35 to 54 years 3.7 1.2 0.7 1.5 1.3
55 to 64 years 7.0 2.6 2.2 2.2 1.6
65 years and over 10.8 2.9 3.6 4.2 2.9
LABOR FORCE ACTIVITY OF
HOUSEHOLDERS UNDER 65
YEARS
Total 6.1 3.0 1.2 2.0 1.6
With labor force activity 6.2 3.2 1.2 1.9 1.7
With job entire period 6.4 3.3 1.2 2.0 1.7
With job part of period 3.6 2.2 1.0 1.2 0.5
No job during period, spent time looking
or on layoff 3.0 1.2 1.5 0.7 0.4
No labor force activity 5.7 2.2 1.5 2.4 1.3
Monthly Household Income
Lowest quintile 2.2 1.1 0.7 0.8 0.3
Second quintile 4.4 1.3 1.3 1.4 1.3
Third quintile 7.2 2.3 2.0 2.7 2.1
Fourth quintile 9.1 3.8 2.1 3.5 2.3
Highest quintile 16.1 8.0 3.5 6.4 4.0
Household Net Worth
Negative or Zero 0.6 0.2 0.1 0.2 0.1
$1 to $4,999............ 0.5 0.2 0.1 0.1 0.3
$5,000 to $9,999........ 1.2 0.5 0.1 0.0 0.5
$10,000 to $24,999...... 2.5 1.1 0.2 0.4 0.9
$25,000 to $49,999...... 4.2 1.8 0.6 0.7 1.5
$50,000 to $99,999...... 6.0 2.5 1.4 1.4 1.8
$100,000 to $249,999.... 12.4 5.0 3.2 3.8 3.1
$250,000 to $499,999.... 26.8 11.3 7.0 12.5 6.2
$500,000 and over....... 44.3 20.2 13.0 27.9 9.1
REGION
Northeast 8.9 4.0 2.7 3.3 1.8
Midwest 7.9 3.2 1.9 2.6 2.3
South 6.5 2.9 1.4 2.7 1.6
West 8.7 3.3 1.9 3.5 2.5
TENURE
Owner 10.3 4.4 2.5 4.1 2.6
Renter 3.3 1.4 0.8 0.9 0.9
