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Wealth and Asset Ownership






Asset Ownership of Households: 1998

Table 6.  Standard Errors for Median Value of Assets for Households, by Type of Asset Owned and Selected Characteristics:  1998
(In dollars.  Excludes group quarters.)                              
Characteristics Net worth Net worth (401K/Thrift) Interest earning assets at financial institutions Other interest-
earning assets
Regular checking accounts Stocks and mutual fund shares Equity in business or profession Equity in motor vehicles Equity in own home Rental property equity Other real estate equity U.S. savings bonds IRA or Keogh accounts 401K & thrift savings plan Other assets1
               
     Total 435 500 43 1,011 8 337 432 53 450 1,939 980 18 340 262 1,031
               
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER                
               
White 589 666 49 1,050 8 416 492 57 490 2,128 1,016 22 373 299 1,092
White Not of Hispanic Origin 694 781 52 1,055 9 423 533 60 547 2,238 1,078 25 378 321 1,127
Black 247 274 62 (B) 17 372 974 105 937 2,925 2,411 21 379 423 (B)
Hispanic Origin 317 342 72 (B) 26 1,199 1,308 133 1,388 7,858 3,230 73 1,294 640 (B)
Not of Hispanic Origin 516 582 47 992 8 346 481 55 462 2,077 998 18 344 282 1,069
               
AGE OF HOUSEHOLDER                
               
Less than 35 years 200 226 29 (B) 14 287 763 84 548 2,780 1,723 25 263 206 696
35 to 44 years 610 785 56 1,813 15 491 798 104 686 3,794 1,351 34 465 495 1,426
45 to 54 years 1,423 1,658 95 1,341 22 846 950 130 1,015 4,110 2,124 35 735 749 1,935
55 to 64 years 2,469 2,710 200 2,260 22 1,424 1,117 156 1,317 5,143 2,638 66 1,173 1,363 3,190
65 years and over 1,869 1,892 242 1,667 20 1,445 2,046 121 1,018 4,095 2,783 211 1,036 1,971 2,609
65 to 69 years 4,235 4,373 410 2,983 38 3,153 3,886 231 1,915 7,326 5,013 208 1,822 3,645 5,351
70 to 74 years 3,941 3,966 433 4,130 42 2,807 3,841 221 1,971 11,060 6,141 566 1,942 2,920 5,959
75 and over 2,466 2,482 361 2,633 31 1,930 2,328 184 1,328 4,829 3,076 389 1,473 3,507 3,504
               
EDUCATION OF HOUSEHOLDER                
               
No High School Diploma 376 393 136 (B) 17 749 1,250 85 960 5,075 2,467 43 1,068 557 4,781
High School Graduate Only 694 790 68 2,300 13 556 725 94 767 3,625 1,590 45 619 365 1,638
Some College, No Degree 876 1,011 69 2,415 16 539 971 116 1,079 3,981 1,973 41 708 471 2,037
Associate's Degree 1,437 1,657 108 2,560 22 718 1,663 152 1,290 6,051 1,960 36 748 633 2,608
Bachelor's Degree or Higher 1,849 2,218 115 1,439 27 753 943 114 1,120 3,863 2,648 38 649 687 2,127
               
TYPE OF HOUSEHOLD BY AGE OF HOUSEHOLDER                
               
Married-couple households 921 1,033 66 1,178 12 561 550 74 571 2,450 1,101 27 462 382 1,411
Less than 35 years 493 553 58 (B) 19 453 918 134 688 3,926 1,963 30 404 309 1,155
35 to 54 years 1,245 1,459 72 1,371 17 690 783 113 740 3,117 1,453 32 543 560 1,717
55 to 64 years 4,099 4,451 262 2,511 42 2,361 1,522 232 1,712 5,820 3,025 80 1,613 1,917 4,827
65 years and over 3,795 3,879 438 2,088 46 3,339 3,216 184 1,506 7,410 3,958 332 1,514 2,723 3,745
Male householder 423 516 73 2,924 21 491 1,230 101 1,085 5,294 2,372 40 765 499 2,038
Less than 35 years 327 409 46 (B) 33 412 2,388 177 1,277 (B) (B) 64 420 394 (B)
35 to 54 years 654 824 90 (B) 31 661 1,612 146 1,445 7,022 3,183 57 1,183 1,052 1,813
55 to 64 years 2,867 3,448 574 (B) 59 2,155 (B) 359 3,627 (B) (B) (B) 2,476 4,692 (B)
65 years and over 3,941 3,983 620 7,580 82 4,789 (B) 294 2,509 (B) 6,004 201 2,741 (B) 7,937
Female householder 367 404 69 1,926 11 456 680 69 893 3,240 2,603 28 572 416 2,139
Less than 35 years 165 173 31 (B) 19 438 1,969 130 1,443 (B) (B) 41 486 325 (B)
35 to 54 years 439 521 56 (B) 20 516 826 124 1,169 7,182 4,462 33 684 655 3,400
55 to 64 years 2,482 2,698 221 (B) 25 1,794 (B) 229 2,273 (B) 5,988 53 1,501 1,483 (B)
65 years and over 2,195 2,225 287 3,032 22 1,222 (B) 150 1,380 3,280 3,822 313 1,343 2,920 3,910
               
LABOR FORCE ACTIVITY OF HOUSEHOLDERS                
UNDER 65 YEARS                
               
     Total 349 408 35 1,058 8 296 421 59 474 2,294 1,055 16 336 269 923
With labor force activity 403 481 36 1,043 9 290 451 62 495 2,481 1,094 17 330 278 963
With job entire period 491 596 38 1,079 10 310 496 65 505 2,562 1,140 19 340 287 1,025
With job part of period 347 387 72 (B) 25 881 1,712 156 1,660 9,308 3,339 54 1,133 642 (B)
No job during period,                
spent time looking                
or on layoff 478 502 181 17,052 43 2,692 705 370 5,608 (B) 95,184 354 7,774 7,690 2,589
No labor force activity 615 658 169 3,129 15 1,516 872 174 1,410 5,528 2,523 45 1,394 1,404 3,705
               
Monthly Household Income                
               
Lowest quintile 191 192 92 2,038 9 622 1,093 79 1,038 3,095 3,220 25 1,035 631 2,353
Second quintile 554 587 82 1,778 12 592 898 83 921 4,673 2,279 74 810 307 1,973
Third quintile 810 911 60 2,308 14 573 986 105 1,007 4,818 2,054 31 692 313 1,869
Fourth quintile 1,180 1,366 72 2,117 19 485 694 113 938 3,763 1,676 30 548 401 1,959
Highest quintile 2,423 2,850 137 1,615 29 971 1,215 147 1,056 3,714 1,802 38 728 787 2,676
               
REGION                
               
Northeast 1,319 1,517 113 2,194 17 792 953 121 1,256 5,516 3,727 47 678 641 2,106
Midwest 1,076 1,233 88 1,993 13 617 1,182 105 789 3,529 1,726 27 646 579 1,659
South 579 665 71 1,741 13 456 680 90 625 2,948 1,304 31 637 373 1,774
West 866 1,003 92 2,254 20 864 989 109 1,390 4,778 2,247 46 781 662 2,182
               
TENURE                
               
Owner 841 915 67 1,019 10 436 581 64 450 2,154 1,045 25 385 376 1,210
Renter 70 78 26 2,932 12 283 647 59 (B) 4,044 2,343 22 441 239 1,150
(B) Base is less than 200,000
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