U.S. Department of Commerce

Wealth and Asset Ownership




Asset Ownership of Households: 1998

Table 3.  Interest-Earning Asset Ownership Rates for Households, by Selected Characteristics:  1998
(Excludes group quarters.)
Characteristics Number of households (thousands) Total Percent owning interest-earning assets
Held at financial institutions Other interest-earning assets
Total Passbook savings accounts Money market deposit accounts Certificates of deposit Interest-
earning checking accounts		 Total U.S. Government securities Municipal and corporate bonds
         
     Total 101,782 64.9 64.8 53 11.8 13.5 35.3 4 1.7 3
         
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER          
         
White 85,927 68.8 68.6 55.6 13.1 15 38 4.6 1.9 3.4
White Not of Hispanic Origin 78,140 71.5 71.3 57.6 14 16.1 40.2 5 2.1 3.7
Black 12,156 39.9 39.9 35.7 3.2 4.2 17.4 0.8 0.4 0.6
Hispanic Origin 8,587 41.1 41 35.8 3.3 3.5 16.2 0.6 0.2 0.4
Not of Hispanic Origin 93,196 67.1 67 54.6 12.5 14.4 37 4.3 1.8 3.3
         
AGE OF HOUSEHOLDER          
         
Less than 35 years 23,293 55.5 55.4 48.4 5.2 4.2 26.3 0.7 0.3 0.5
35 to 44 years 24,224 64.8 64.7 56 9.8 7.6 34.1 2.4 1 1.7
45 to 54 years 19,598 67.5 67.4 57.4 13.3 10.9 35.5 3.8 1.4 3
55 to 64 years 12,983 66.8 66.6 53.5 15.4 17 39.4 5.8 2.6 4.2
65 years and over 21,684 71.8 71.4 50.2 17.4 30.4 43.6 8.6 3.7 6.4
65 to 69 years 5,886 70.6 70.4 50.3 17.8 24.9 43.3 8.4 4.1 6
70 to 74 years 5,707 69.9 69.5 49.3 18 29.4 42 8.3 3.9 6.2
75 and over 10,091 73.5 73.2 50.6 16.9 34.1 44.5 9 3.3 6.9
         
EDUCATION OF HOUSEHOLDER          
         
No High School Diploma 18,004 41.4 41.3 32.8 3.9 10.2 18.2 0.8 0.4 0.5
High School Graduate Only 30,632 60 59.9 49.7 7.4 13.6 29.5 2.3 1 1.6
Some College, No Degree 18,112 67.6 67.5 55.4 10.7 12.1 36.7 3.9 1.7 2.9
Associate's Degree 10,627 71.5 71.2 60.2 9.6 12.6 39.4 3 1.2 2.4
Bachelor's Degree or Higher 24,407 83.7 83.4 67 24.7 17.3 52.1 9.1 3.9 7
         
TYPE OF HOUSEHOLD BY AGE OF HOUSEHOLDER          
         
Married-couple households 55,432 72.9 72.8 60.9 14.5 14.6 41.4 4.7 2 3.6
Less than 35 years 11,713 64.5 64.5 57.2 7.1 5.1 31.9 0.8 0.3 0.6
35 to 54 years 26,797 74.3 74.2 64.5 13.9 10.8 40.7 3.8 1.6 2.9
55 to 64 years 7,867 74.9 74.7 61 18.4 20.1 46.5 7.3 3.1 5.4
65 years and over 9,055 78.2 78 54.9 22.3 33.2 51.2 10.4 4.4 7.7
Male householder 17,123 55.6 55.4 43.2 8.2 9.3 28.8 2.7 1.1 1.9
Less than 35 years 5,174 51 51 42.2 3.8 3.2 24.8 0.8 0.4 0.5
35 to 54 years 7,087 54.4 54.2 43.7 8.1 5.8 26.2 1.7 0.8 1.2
55 to 64 years 1,741 52.8 52.8 40.4 10.7 11.1 27.7 3.4 1.6 2.3
65 years and over 3,121 67.3 66.9 45.2 14.6 26.3 41.7 7.6 3 5.8
Female householder 29,227 55.2 55 43.7 8.7 13.9 27.4 3.4 1.4 2.6
Less than 35 years 6,406 42.5 42.5 37.2 2.9 3.3 17.4 0.3 0.2 0.2
35 to 54 years 9,938 52 52 44.7 6.8 6.6 24.4 1.7 0.4 1.5
55 to 64 years 3,375 55.1 54.9 42.8 11 12.9 29 3.4 1.8 2.4
65 years and over 9,508 67.1 66.7 47.3 13.8 29 36.8 7.3 3.2 5.4
         
LABOR FORCE ACTIVITY OF          
HOUSEHOLDERS UNDER 65 YEARS          
         
     Total 80,099 63.1 63 53.7 10.2 8.9 33 2.8 1.2 2.1
With labor force activity 67,694 66.2 66.1 56.8 10.6 9 34.7 2.7 1.1 2
With job entire period 60,196 68.9 68.8 59.3 11.2 9.4 36.1 2.9 1.2 2.1
With job part of period 6,721 47.5 47.4 39 5.8 5.5 24.3 1.4 0.6 1.1
No job during period,          
spent time looking          
or on layoff 777 23.5 22.9 17.2 4.8 2.1 9.8 2.1 1.1 1
No labor force activity 11,862 46.7 46.7 37.6 8.5 9 24.6 3.2 1.3 2.5
         
Monthly Household Income          
         
Lowest quintile 20,385 39.4 39.3 29.7 5 9.4 18 1.5 0.5 1.1
Second quintile 20,347 55.5 55.4 43.1 7.3 14.5 27.9 2.6 1.2 1.7
Third quintile 20,344 66.5 66.4 54.5 9.9 13.8 35.2 3.7 1.8 2.6
Fourth quintile 20,351 76.6 76.5 65.3 12.5 13.6 41.1 3.8 1.5 2.9
Highest quintile 20,354 86.6 86.4 72.3 24.1 16.1 54.1 8.5 3.5 6.9
         
Household Net Worth          
         
Negative or Zero 15,593 34 34 28.9 1.8 1.5 14.4 0.3 0.1 0.2
$1 to $4,999 10,393 38.9 38.9 32.7 0.6 1.2 14.7 - - -
$5,000 to $9,999 5,683 48.3 48.2 40.5 2.4 4.3 20 0.3 0.2 0.1
$10,000 to $24,999 9,298 59.9 59.9 51.3 3.9 5.2 26.6 0.4 0.2 0.2
$25,000 to $49,999 10,688 65.4 65.3 55.4 5.5 7.8 30.8 0.8 0.3 0.5
$50,000 to $99,999 15,361 71.5 71.3 60.2 7.7 15.3 36.7 1.4 0.6 1
$100,000 to $249,999 19,272 84.4 84.2 68.5 17.9 23.9 49.2 4.3 1.6 3.2
$250,000 to $499,999 8,938 89.5 89.3 69.6 32 29.8 60.8 12.7 5.6 9.3
$500,000 and over 6,549 94.5 93.7 66.4 46.5 33.6 71.2 26.1 11.2 20.7
         
REGION          
         
Northeast 19,155 70.8 70.7 59 12.8 14.3 36.7 4.6 1.8 3.5
Midwest 24,700 70.6 70.5 57.7 12.7 16.3 38.1 4.2 1.7 3.1
South 35,727 57.8 57.7 46 9.6 12.7 33.2 3.5 1.6 2.6
West 21,157 64.5 64.3 53.4 13.6 10.9 33.8 4.3 1.8 3.3
         
TENURE          
         
Owner 67,545 74.9 74.7 60.9 15.6 17.7 43.1 5.5 2.3 4.2
Renter 34,237 45.3 45.2 37.3 4.2 5.3 19.8 1 0.5 0.6
- Represents zero or rounds to zero
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: October 31, 2011