U.S. Department of Commerce

Wealth and Asset Ownership






Asset Ownership of Households: 1998

Table 2.  Asset Ownership Rates for Households, by Selected Characteristics: 1998
(Excludes group quarters.)                              
Characteristics Number of households (thousands) Percent owning
Interest earning assets at financial institutions Other interest-
earning assets
Regular checking accounts Stocks and mutual fund shares Own business or profession Motor vehicles Own home Rental property Other real estate Mortgages U.S. savings bonds IRA or Keogh accounts 401K & thrift savings plan Other assets1
                   
     Total 101,782 63.9 3.9 38.9 27.1 11.5 85.3 66.4 5.4 6.5 1.4 16.3 21.3 26.8 4.7
                   
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER                    
                   
White 85,927 67.6 4.5 40.3 29.6 12.3 88 69.8 5.8 7.2 1.6 17.7 23.8 28.4 5.2
White Not of Hispanic Origin 78,140 70.4 4.8 41.1 31.7 12.8 89 72.2 6 7.6 1.8 18.9 25.4 29.7 5.6
Black 12,156 37.9 0.7 28.7 10.5 4.7 66.9 45.8 2.4 2.7 0.1 8.3 5.7 16 1.1
Hispanic Origin 8,587 40 0.5 31.4 9 7.6 76.1 45.4 3.2 2.8 0.5 4.9 6.7 14.2 2
Not of Hispanic Origin 93,196 66.1 4.2 39.6 28.7 11.8 86.1 68.3 5.6 6.9 1.5 17.4 22.6 28 4.9
                   
AGE OF HOUSEHOLDER                    
                   
Less than 35 years 23,293 53.6 0.7 40.3 18.8 8.2 84.3 40.7 1.8 2.3 0.2 12.3 9.7 28 2.3
35 to 44 years 24,224 63.7 2.2 40.5 27.4 15.1 88.5 65.9 4.8 5.6 0.7 19.6 19.7 36.7 3.5
45 to 54 years 19,598 67.5 3.7 43.6 31.6 16.1 89 75.3 6.5 8.5 1.2 19.4 26.9 36.4 4.7
55 to 64 years 12,983 66.3 5.7 38.4 32.3 14.4 88 78.8 9.4 11.1 2.5 17.8 33.5 26.5 6.5
65 years and over 21,684 70.3 8.3 31.9 28.3 4.9 77.7 79 6.5 7.6 3.1 13.3 23.1 5.8 7.5
65 to 69 years 5,886 69.8 8.1 36.8 30.4 7.8 84.5 82.3 7.4 9.2 2.9 15.7 35.2 11.1 7.8
70 to 74 years 5,707 68.6 8 32 29.4 5.7 82.1 80.1 7.8 8.7 3.4 14.7 27.6 5.8 7.3
75 and over 10,091 71.6 8.5 28.9 26.6 2.7 71.3 76.4 5.1 6.1 3.1 11.1 13.4 2.7 7.5
                   
EDUCATION OF HOUSEHOLDER                    
                   
No High School Diploma 18,004 40.9 0.9 28.9 7 5.7 69.8 56.3 2.6 2.9 0.7 5.3 6.5 7.2 2.1
High School Graduate Only 30,632 60 2.3 39.8 19.8 10.8 85.8 67.1 4.2 5.7 1.4 13.7 16 22 4
Some College, No Degree 18,112 65.7 3.6 42.4 27.9 11 88.2 64.5 5.6 6.9 1.6 17.7 20.7 28.7 4.8
Associate's Degree 10,627 68.6 2.8 42 29.2 12.2 91.1 68.3 6 7.9 1.2 20 22.6 34.5 4.7
Bachelor's Degree or Higher 24,407 82.3 8.8 41.3 49.4 16.6 91.3 73.4 8.6 9.4 2 25.1 38.7 42.5 7.3
                   
TYPE OF HOUSEHOLD BY AGE OF HOUSEHOLDER                    
                   
Married-couple households 55,432 73.5 4.9 41.7 33.5 15.9 93.9 79.5 7.4 8.7 1.6 21.8 27 34 5.3
Less than 35 years 11,713 63.8 0.9 42.9 22.6 11.3 93.2 57.9 2.7 3.5 0.3 16.6 12.3 34.6 3
35 to 54 years 26,797 75.3 3.8 44.3 35.6 19.5 94.7 82.3 7.2 8.7 1 25.2 27.5 42.8 4.3
55 to 64 years 7,867 75.9 7.6 39.8 39.8 19.7 94.3 89 12.6 13.9 2.8 22.6 39.6 32.3 7.6
65 years and over 9,055 78.8 10.8 34.3 35.9 8 92 90.8 9.4 11.3 4.1 17.8 33.4 8.7 9.4
Male householder 17,123 53 2.3 35.4 21.3 9.6 81.2 48.6 3.3 4.6 1.2 9.4 15.2 22 4.1
Less than 35 years 5,174 49.2 0.7 39 20 7.4 82.7 29.6 1.3 1.8 0.1 8.5 8.9 26.7 1.9
35 to 54 years 7,087 51.3 1.3 37.3 21.5 13.6 82.1 50.7 3.9 4.7 1.2 9.6 16.1 27.7 4.3
55 to 64 years 1,741 50.5 2.7 33.5 19.8 9.5 78.4 59.4 5.4 7.7 1.5 9.9 23.4 16.5 3.4
65 years and over 3,121 64.7 7 26 23.8 4.6 77.9 69.2 4.3 7.2 3 9.9 18.9 4.3 7.9
Female householder 29,227 51.8 2.9 35.7 18.2 4 71.3 51.9 2.8 3.5 1.2 9.9 14 15.9 3.8
Less than 35 years 6,406 38.4 0.4 36.5 10.9 3.2 69.1 18 0.5 0.5 0.1 7.7 5.7 17.2 1.2
35 to 54 years 9,938 48.7 1.4 38.7 17.7 6.3 77.3 51.1 2.5 3.8 0.5 11.1 15.3 26.1 3.1
55 to 64 years 3,375 52.2 2.8 37.6 21.2 4.5 78.2 65.2 4.1 6.2 2.2 10.7 24.7 18.1 5.5
65 years and over 9,508 64.1 6.3 31.5 22.7 2 64.1 70.9 4.3 4.3 2.3 10 14.6 3.5 5.6
                   
LABOR FORCE ACTIVITY OF HOUSEHOLDERS                    
UNDER 65 YEARS                    
                   
     Total 80,099 62.1 2.7 40.9 26.7 13.2 87.3 63 5.1 6.2 1 17.1 20.8 32.5 3.9
With labor force activity 67,694 65.1 2.6 42.4 28.1 14.7 89.9 64.2 5.2 6.3 0.9 18 21.7 35.8 3.9
With job entire period 60,196 67.7 2.8 43 29.6 15.8 91 67.5 5.4 6.6 0.9 18.9 22.9 37.9 4.1
With job part of period 6721 47 1.5 37.6 17.2 6.8 82.6 37.5 3.2 4.3 0.5 10.9 12.4 19.6 2.9
No job during period,                    
spent time looking                    
or on layoff 777 25.7 2.1 29.9 7.9 2.9 63.8 36.9 0.4 1.4 - 5.6 6.3 10.1 2.5
No labor force activity 11862 46.4 3.2 32.8 19.7 5.2 73.8 57.7 4.9 5.9 1.4 12.8 16.5 14.7 3.9
                   
Monthly Household Income                    
                   
Lowest quintile 20,385 35 1.2 28.7 9 6 61.1 45.5 2.3 2.5 0.7 5.3 7.3 4.1 2
Second quintile 20,347 53.4 2.3 37.5 15.6 8.2 84.8 58.3 3.1 4.2 1.3 9.1 14.1 10.9 3.9
Third quintile 20,344 66.5 3.5 42.4 23.9 10.2 91.8 66 4.8 6 1.4 15.4 19.3 25 4.3
Fourth quintile 20,351 76.7 4.1 43.3 33.4 13.7 93.6 75.9 6.2 7.8 1.5 21.6 24.6 38.7 5.5
Highest quintile 20354 87.7 8.4 42.8 53.5 19.1 95 86.2 10.7 12.2 2.2 30.2 41.2 55.1 7.8
                   
Household Net Worth                    
                   
Negative or Zero 15,593 30.1 0.2 33.5 5.8 6.9 57.8 19.7 0.6 0.8 0.1 5.3 3.4 9.9 0.9
$1 to $4,999 10,393 36.6 - 37.4 3.8 2.6 80.1 13.8 0.1 0.5 0.1 4.4 2.3 9.8 1.1
$5,000 to $9,999 5,683 47 0.2 39.4 8.5 6 90.8 29.7 1 1.3 0.2 7.5 4.6 16.6 1.8
$10,000 to $24,999 9,298 58.9 0.4 43.4 13.6 7.6 91 57.9 1 2.6 0.3 10.1 8.8 26.5 2
$25,000 to $49,999 10,688 64.4 0.9 43.1 19.6 9.4 88.1 83 2 3.6 0.2 14 12.1 31.1 2.5
$50,000 to $99,999 15,361 71.6 1.2 41.7 24.1 10.5 90.4 90.7 3.5 5.6 0.9 17.1 17 30.5 3.7
$100,000 to $249,999 19,272 84.2 3.8 39.4 39.8 14.3 92.7 95.1 7.7 9.2 1.8 25.3 34.5 36 6.4
$250,000 to $499,999 8,938 90.4 12.4 37.2 64.3 21.1 94 95.5 15.4 17.2 3.9 31.9 54 39.4 10.9
$500,000 and over 6549 94 26.6 35.3 80.6 30.6 95.7 96.1 24.8 24.7 8 32.2 67.8 43 18.3
                   
REGION                    
                   
Northeast 19,350 71.8 4.1 38.9 30.1 10.4 77.5 63.2 4.4 6.7 0.8 21.5 24.7 29.3 3.8
Midwest 25,209 70.3 3.3 38.3 30 11 87.4 71.7 5.2 7.3 1.3 20.2 24.2 30.2 5.3
South 36,732 57 2.8 33.9 23.1 10.3 86.9 68.3 5.2 5.9 1.5 12.7 17 23.6 3.4
West 22,284 65.7 3.4 41.2 28 11.7 89.3 60 7 6.5 2.1 13.3 22 26 6.8
                   
TENURE                    
                   
Owner 70,344 74.4 4.4 38.5 34.4 13.3 92 100 7.5 8.7 2 21 28.4 32 5.9
Renter 34,300 45.5 0.9 35.5 12.3 5.6 73.2 - 1.2 2.4 0.3 7.1 7.3 16.6 2.2
- Represents zero or rounds to zero
1 Includes mortgages held from sale of real estate, amount due from sale of business or property, and other financial assets.

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Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: October 31, 2011