U.S. Department of Commerce

Wealth and Asset Ownership






Asset Ownership of Households: 1998

Table 7.  Standard Errors for Average (Mean) 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 2,634 2,993 701 8,710 195 4,517 8,185 73 1,113 10,111 4,605 337 2,624 2,746 9,109
               
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER                
               
White 3,010 3,441 777 8,976 222 4,833 8,530 79 1,230 11,102 4,921 364 2,766 3,049 9,607
White Not of Hispanic Origin 3,266 3,742 819 9,028 239 4,967 8,648 84 1,289 11,715 5,042 374 2,840 3,193 9,917
Black 1,683 1,835 342 (B) 157 3,085 23,095 171 1,477 9,925 4,663 263 1,792 2,762 (B)
Hispanic Origin 4,196 4,299 922 (B) 225 6,337 40,622 196 3,183 11,462 20,169 442 4,289 4,911 (B)
Not of Hispanic Origin 2,843 3,236 737 8,757 208 4,641 8,330 77 1,164 10,618 4,718 345 2,692 2,864 9,420
               
AGE OF HOUSEHOLDER                
               
Less than 35 years 2,158 2,238 377 (B) 182 3,379 18,618 122 1,527 17,436 10,932 201 1,436 1,437 5,538
35 to 44 years 4,273 4,422 1,164 11,863 55 7,291 13,005 140 1,710 32,362 13,987 238 1,509 1,487 19,500
45 to 54 years 6,047 9,125 1,177 19,567 211 7,865 16,225 186 2,920 8,965 8,240 523 5,109 9,706 10,033
55 to 64 years 10,830 11,151 3,020 22,864 211 12,672 25,406 226 4,113 26,521 10,482 501 9,061 5,518 23,735
65 years and over 6,857 6,947 1,826 13,877 1,042 14,034 24,574 161 1,731 13,748 6,593 1,660 5,722 8,094 20,355
65 to 69 years 15,712 16,008 3,407 23,898 512 35,311 36,488 322 3,208 18,306 10,043 2,955 9,561 13,851 18,094
70 to 74 years 13,808 13,981 4,704 32,256 411 24,453 39,338 315 3,525 35,464 17,312 1,532 11,572 9,255 24,967
75 and over 8,454 8,504 2,141 19,122 2,422 15,644 55,529 217 2,519 13,844 6,270 3,303 6,976 12,158 40,072
               
EDUCATION OF HOUSEHOLDER                
               
No High School Diploma 2,789 2,824 2,915 (B) 86 7,292 18,457 154 1,718 14,819 3,805 751 19,713 2,725 7,337
High School Graduate Only 2,958 3,053 807 10,590 590 6,310 11,325 121 1,746 7,971 8,509 676 3,889 2,360 11,108
Some College, No Degree 6,030 6,170 1,996 22,084 81 10,863 16,662 163 2,099 39,815 13,361 1,210 4,126 2,770 11,420
Associate's Degree 6,094 6,756 997 7,264 259 8,569 10,009 211 2,031 29,003 6,250 380 7,677 7,436 31,520
Bachelor's Degree or Higher 8,455 10,081 1,384 13,971 237 8,323 19,142 168 3,146 14,680 8,647 430 4,415 6,355 20,460
               
TYPE OF HOUSEHOLD BY AGE OF HOUSEHOLDER                
               
Married-couple households 4,350 4,573 972 11,521 76 6,012 9,846 104 1,541 12,872 5,786 369 3,650 3,179 11,471
Less than 35 years 3,601 3,761 473 (B) 105 4,557 23,182 181 1,867 12,043 12,106 245 1,450 2,262 7,331
35 to 54 years 5,377 5,929 975 15,080 102 6,438 12,174 152 2,097 20,438 9,176 313 3,693 4,815 15,939
55 to 64 years 17,036 17,490 4,051 27,306 133 16,383 30,012 308 5,768 32,316 12,990 616 12,377 7,225 32,883
65 years and over 13,545 13,705 3,320 21,280 351 23,063 26,971 265 2,773 14,115 9,903 2,234 8,626 10,834 23,476
Male householder 4,881 8,521 1,519 24,047 220 12,731 21,166 155 2,171 15,879 7,365 1,424 3,546 11,708 37,045
Less than 35 years 4,519 4,583 1,117 (B) 92 7,827 38,969 235 3,831 (B) (B) 620 4,037 1,210 (B)
35 to 54 years 6,927 18,134 1,919 (B) 147 18,321 27,591 253 3,084 12,137 8,814 1,058 4,098 22,214 5,334
55 to 64 years 12,597 13,163 3,028 (B) 1,454 19,050 (B) 532 7,875 (B) (B) (B) 14,780 10,279 (B)
65 years and over 18,388 18,776 5,420 38,667 1,130 46,814 (B) 387 4,324 (B) 9,755 6,707 7,449 (B) 105,658
Female householder 2,502 2,535 1,162 12,951 707 5,118 15,000 99 1,759 18,045 10,662 852 3,017 1,391 5,573
Less than 35 years 2,064 2,095 485 (B) 691 3,586 49,429 188 3,262 (B) (B) 361 4,552 925 (B)
35 to 54 years 3,535 3,654 2,352 (B) 362 6,376 17,965 177 3,684 15,876 25,522 435 2,504 2,045 9,787
55 to 64 years 7,554 7,642 5,172 (B) 361 14,823 (B) 303 3,597 (B) 15,255 924 5,687 3,190 (B)
65 years and over 5,739 5,779 1,564 17,513 2,357 10,215 (B) 170 2,382 33,909 7,936 2,446 7,573 7,731 8,846
               
LABOR FORCE ACTIVITY OF                
HOUSEHOLDERS UNDER 65 YEARS                
               
     Total 2,761 3,289 718 10,904 84 4,148 8,661 82 1,360 12,734 5,728 193 2,939 2,852 8,868
With labor force activity 2,907 3,575 714 12,495 91 4,275 8,664 87 1,300 9,459 6,013 179 2,645 3,014 10,078
With job entire period 3,128 3,896 763 13,339 100 4,447 8,405 93 1,367 9,192 6,321 187 2,776 3,187 10,934
With job part of period 7,901 8,156 1,566 (B) 90 13,973 72,154 238 3,569 62,941 17,933 640 6,961 4,648 (B)
No job during period,                
spent time looking                
or on layoff 22,842 24,789 2,516 9,281 186 143,080 1,646 649 14,812 92,490 116,272 505 51,149 19,390 15,272
No labor force activity 8,476 8,755 3,048 20,791 234 14,898 50,456 242 5,664 68,944 17,862 976 15,117 7,450 15,519
               
Monthly Household Income                
               
Lowest quintile 2,868 2,892 519 3,329 95 10,642 17,548 122 4,148 9,346 27,741 853 6,037 4,115 5,436
Second quintile 2,931 2,957 727 5,038 930 8,522 12,994 126 2,150 10,269 7,887 678 6,577 2,278 6,891
Third quintile 3,848 3,927 1,526 8,037 94 4,769 10,957 137 2,536 7,908 10,730 495 3,640 2,495 30,546
Fourth quintile 5,394 5,625 1,430 12,430 236 8,485 16,969 151 1,532 11,769 10,656 581 5,882 3,780 8,579
Highest quintile 10,118 12,056 1,823 18,468 222 9,310 18,725 203 2,374 23,770 6,119 725 4,940 5,942 20,173
                 
Household Net Worth                  
                 
Negative or Zero 2,685 2,620 455 (B) 44 32,336 10,672 162 10,856 (B) (B) 211 3,705 1,729 (B)
$1 to $4,999 54 32 72 (B) 42 584 1894 84 686 (B) (B) 106 1,027 396 (B)
$5,000 to $9,999 110 43 125 (B) 62 565 1,343 125 579 (B) (B) 203 765 504 (B)
$10,000 to $24,999 158 103 140 (B) 56 651 1,817 151 350 (B) 3,257 274 1,030 383 (B)
$25,000 to $49,999 250 158 212 (B) 61 650 2,445 160 409 3,183 1,699 233 683 477 2,487
$50,000 to $99,999 364 263 265 (B) 106 787 2,205 142 473 2,574 1,770 236 654 674 2,276
$100,000 to $249,999 770 669 445 2,056 154 979 2,516 156 793 2,821 2,305 341 835 1,036 2,347
$250,000 to $499,999 2,086 1,626 1,450 3,871 586 2,621 6,124 280 2,105 5,224 4,060 862 1,925 2,901 6,022
$500,000 and over 28,214 33,673 6,692 18,577 3,154 20,230 42,490 462 8,129 31,643 17,114 2,141 11,923 25,047 34,241
               
REGION                
               
Northeast 7,112 7,403 1,882 15,964 144 11,772 28,981 168 2,865 29,065 8,324 543 3,582 3,576 40,274
Midwest 4,588 4,773 1,410 20,639 116 6,351 13,736 151 1,720 10,752 7,677 396 5,759 2,491 15,825
South 3,775 5,218 1,015 15,906 575 7,457 12,814 120 1,287 12,380 10,882 721 5,573 7,441 10,599
West 6,750 7,026 1,510 16,365 184 10,837 13,665 159 3,884 28,420 7,056 1,215 5,298 5,538 14,584
               
TENURE                
               
Owner 3,791 4,332 879 9,312 274 5,212 9,540 92 1,113 10,912 5,114 385 2,925 3,440 10,489
Renter 1,530 1,581 708 21,120 141 5,788 13,618 92 (B) 10,619 8,251 496 3,586 1,375 13,929
(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