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Wealth and Asset Ownership






Asset Ownership of Households: 1998

Table 9.  Standard Errors for Median Net Worth and Median Net Worth Excluding Home Equity, by Age Group and Income Quintile and Race and Hispanic Origin of Householder: 1998
Standard Errors for Median Net Worth and Median Net Worth
 Excluding Home Equity, by Age Group and Income Quintile - White: 1998
Std err (Med
Std err (Med excluding
Income quintile Count 401K/Thrift) Home Equity)
Lowest quintile 15,556,263 377.96 98.97
Second quintile 16,937,666 844.81 224.64
Third quintile 17,485,868 1,171.80 389.27
Fourth quintile 17,685,369 1,600.62 661.4
Highest quintile 18,255,019 3,220.04 1,967.38
Standard Errors for Median Net Worth and Median Net Worth Excluding
 Home Equity, by Age Group and Income Quintile - White Not of Hispanic Origin: 1998
Std err (Med
Std err (Med excluding
Income quintile Count 401K/Thrift) Home Equity)
Lowest quintile 13,529,484 567.95 118.36
Second quintile 15,010,482 1,146.99 285.35
Third quintile 15,870,665 1,372.37 474
Fourth quintile 16,302,586 1,750.49 745.69
Highest quintile 17,419,652 3,344.21 2,063.03
Standard Errors for Median Net Worth and Median Net Worth
Excluding Home Equity, by Age Group and Income Quintile - Black: 1998
Std err (Med
Std err (Med excluding
Income quintile Count 401K/Thrift) Home Equity)
Lowest quintile 3,998,432 52.69 19.5
Second quintile 2,771,482 438.26 183.79
Third quintile 2,250,203 957.74 360.87
Fourth quintile 1,935,313 1,745.91 738.03
Highest quintile 1,200,800 4,679.07 1,745.25
Standard Errors for Median Net Worth and Median Net Worth
Excluding Home Equity, by Age Group and Income Quintile - Hispanic: 1998
Std err (Med
Std err (Med excluding
Income quintile Count 401K/Thrift) Home Equity)
Lowest quintile 2,316,092 69.23 33.23
Second quintile 2,091,265 351.53 182.21
Third quintile 1,778,979 894.35 373.55
Fourth quintile 1,504,056 2,052.36 913.73
Highest quintile 896,244 7,863.76 3,094.31
Standard Errors for Median Net Worth and Median Net Worth Excluding
Home Equity, by Age Group and Income Quintile - Not of Hispanic Origin: 1998
Std err (Med
Std err (Med excluding
Income quintile Count 401K/Thrift) Home Equity)
Lowest quintile 18,069,295 258.46 73.59
Second quintile 18,256,193 741.6 200.13
Third quintile 18,561,859 1,080.28 359.36
Fourth quintile 18,846,968 1,487.63 597.35
Highest quintile 19,454,269 2,986.93 1,792.60

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