U.S. Department of Commerce

Wealth and Asset Ownership






Table 1. Median Value of Assets for Households, by Type of Asset Owned and Selected Characteristics: 2004

Net Worth 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. Saving Bonds IRA or KEOGH Accounts 401K & Thrift Savings Plan Other Assets
TOTAL 79,800 4,000 25,123 700 19,200 25,000 3,991 89,000 110,000 60,000 650 21,000 22,000 35,000
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER
White Alone 98,025 4,500 27,438 756 19,500 25,000 4,275 90,000 110,000 60,000 700 22,000 25,000 35,000
White Alone(Not of Hispanic Origin) 113,822 5,000 28,000 800 20,000 25,000 4,600 92,000 112,500 60,000 700 23,000 25,800 35,000
Black Alone 8,650 1,500 (B) 300 11,000 20,000 1,950 54,000 77,000 38,000 500 15,000 10,000 (B)
Asian Alone 107,690 5,798 (B) 1,250 19,600 25,000 6,390 180,000 (B) (B) 1,100 18,000 21,000 (B)
Other(residual) 31,050 1,800 (B) 474 13,000 20,000 2,500 65,000 (B) (B) 500 14,550 13,000 (B)
Hispanic Origin 13,375 1,700 (B) 500 8,000 10,000 2,419 71,000 100,000 50,000 500 10,000 10,000 (B)
Not of Hispanic Origin 91,050 4,350 26,115 700 19,500 25,000 4,190 90,000 110,000 60,000 700 21,500 24,000 35,000
AGE OF HOUSEHOLDER
Less than 35 years 6,975 1,500 (B) 600 5,600 20,000 2,175 35,000 65,000 40,000 400 7,000 9,000 15,000
35 to 44 years 63,875 3,000 10,000 600 14,000 25,000 3,625 65,000 100,000 50,000 700 17,000 23,000 20,000
45 to 54 years 118,000 4,500 20,000 750 20,000 25,000 4,950 92,000 125,000 60,000 800 22,000 31,000 35,000
55 to 64 years 169,000 6,700 25,000 800 22,000 30,000 5,550 110,000 105,000 80,000 775 30,000 35,000 50,000
65 years and over 153,500 9,000 42,718 800 35,000 25,000 5,125 120,000 125,000 60,000 1,050 40,000 30,318 54,000
65 to 69 years 180,980 8,225 35,000 750 35,000 26,000 6,152 125,000 110,000 65,000 900 45,211 40,000 68,000
70 to 74 years 158,883 9,000 35,000 853 34,800 10,000 5,850 120,000 140,000 60,000 1,505 44,712 30,000 38,000
75 and over 144,166 9,500 50,000 800 34,800 30,000 4,375 120,000 125,000 60,000 1,250 33,000 30,000 54,000
EDUCATION OF HOUSEHOLDER
No High School Diploma 12,006 2,000 (B) 400 17,400 32,000 2,275 62,000 129,000 45,000 600 15,000 7,000 (B)
High School Graduate Only 56,825 2,900 50,000 500 21,299 20,000 3,390 80,000 100,000 55,000 600 20,000 18,000 30,000
Some College, No Degree 65,941 3,000 25,000 600 14,000 25,000 3,375 82,000 100,000 50,000 500 18,000 19,000 35,000
Associate's Degree 76,000 3,000 19,173 523 15,709 20,000 3,725 80,000 100,000 40,000 500 18,500 19,000 27,000
Bachelor's Degree or Higher 193,750 7,200 25,000 1,200 20,000 30,000 6,129 120,000 131,000 89,000 850 26,000 31,500 40,000
TYPE OF HOUSEHOLD BY AGE OF HOUSEHOLDER
Married-couple households 144,580 5,000 25,000 900 23,000 25,000 5,800 97,000 112,500 60,000 800 26,000 29,000 38,000
Less than 35 years 23,850 2,000 (B) 600 7,700 20,000 2,750 36,000 62,000 30,000 500 9,000 12,000 10,000
35 to 54 years 149,650 5,000 15,537 900 20,050 25,050 5,900 90,000 120,000 60,000 800 23,000 31,500 32,500
55 to 64 years 268,835 8,200 25,000 1,000 27,500 30,000 7,750 130,000 116,000 90,000 1,000 36,000 40,000 50,000
65 years and over 256,390 11,344 50,000 1,000 52,750 25,000 7,187 140,000 147,000 68,000 1,500 51,000 49,999 70,000
Male householder 28,100 3,000 34,380 750 9,000 25,000 2,800 67,000 110,000 50,000 500 16,000 16,000 24,000
Less than 35 years 4,505 1,000 (B) 800 5,600 13,500 2,200 36,270 (B) (B) 250 6,100 6,500 (B)
35 to 54 years 36,257 3,000 (B) 700 8,000 25,000 2,800 60,000 97,000 45,000 900 16,000 22,000 (B)
55 to 64 years 62,140 5,400 (B) 600 13,750 50,000 3,150 70,000 100,000 (B) 600 25,000 29,000 (B)
65 years and over 101,187 8,300 (B) 800 21,000 (B) 3,825 107,000 (B) 50,000 1,000 35,000 28,000 (B)
Female householder 30,026 2,400 22,479 400 13,750 20,000 2,175 80,000 97,500 50,000 400 12,000 12,000 35,000
Less than 35 years 900 850 (B) 400 3,250 10,000 1,550 32,000 (B) (B) 250 4,000 4,500 (B)
35 to 54 years 20,152 1,500 (B) 350 12,475 20,000 2,100 55,000 99,000 30,000 500 10,000 13,000 26,000
55 to 64 years 69,350 3,000 (B) 350 13,750 20,000 2,775 81,000 90,000 75,000 250 15,000 20,000 (B)
65 years and over 102,000 6,000 29,421 500 19,800 20,000 2,725 100,000 100,000 50,000 1,000 24,000 13,000 70,000
LABOR FORCE ACTIVITY OF HOUSEHOLDERS UNDER 65 YEARS
Total 61,690 3,100 19,173 700 14,750 25,000 3,750 75,000 102,000 60,000 600 19,000 22,000 29,000
With labor force activity 64,627 3,000 16,528 750 13,750 25,000 3,625 75,000 100,000 60,000 600 17,000 20,000 25,000
With job entire period 76,975 3,304 16,528 800 13,950 25,000 3,850 75,000 100,110 60,000 600 17,374 21,600 25,000
With job part of period 7,600 2,000 (B) 500 11,000 20,000 2,425 52,000 70,000 50,000 550 11,700 12,100 (B)
No job during period, spent time looking or on layoff 13,390 1,800 (B) 300 12,000 (B) 3,200 62,000 (B) (B) (B) 25,000 20,000 (B)
No labor force activity 45,780 4,000 35,000 450 21,800 30,000 4,300 88,000 105,000 75,000 900 33,000 30,000 57,000
MONTHLY HOUSEHOLD INCOME
Lowest quintile 6,240 1,500 21,487 200 17,400 17,000 1,950 70,000 80,000 50,000 500 20,000 8,000 40,000
Second quintile 36,325 2,000 35,000 400 18,000 19,000 2,750 80,000 95,000 50,000 400 20,000 6,700 29,000
Third quintile 63,550 2,800 20,000 600 18,000 20,000 3,625 75,000 110,000 45,000 500 16,000 10,000 30,000
Fourth quintile 116,950 4,000 29,000 1000 15,599 24,750 4,825 80,000 98,000 50,000 750 20,000 22,000 35,000
Highest quintile 294,087 9,800 25,000 1,500 21,000 40,000 7,950 138,000 135,000 90,000 1,000 30,000 46,000 47,000
REGION
Northeast 92,890 4,500 25,000 700 18,150 30,000 4,425 120,000 130,000 60,000 1,000 22,000 30,000 30,000
Midwest 88,075 4,000 25,000 600 24,750 23,400 3,825 75,000 100,000 50,000 550 20,000 25,000 50,000
South 63,066 3,500 25,000 600 14,000 20,000 3,825 70,000 90,000 50,000 600 22,000 18,000 35,000
West 103,550 4,500 29,421 880 19,500 30,000 4,025 150,000 160,000 80,000 700 20,400 21,500 30,000
TENURE
Owner 164,400 5,200 25,000 950 20,000 26,000 5,390 89,000 110,000 60,000 750 25,000 28,000 38,000
Renter 1,150 1,100 26,776 400 9,000 19,999 1,800 0 85,000 40,000 400 9,000 8,000 19,400
NOTE: In dollars. Excludes group quarters. (B) - Base is less than 200,000. For the 2004 Survey of Income and Program Participation (SIPP) wave 3 Stocks and Mutual Funds Topical Module, an instrument programming error incorrectly set the universe for the collection of own-name stock and mutual fund amount data.  The above tables are based on 2004 SIPP wave 3 data.  Further information concerning this issue can be found at:  http://www.census.gov/sipp/notes.html.  To address this issue in the above tables in regard to total household stock and mutual fund amount data, we have imputed dollar values for those in-universe individuals missing own-name stock and mutual fund amount data by applying a factor based on the correlation between own-name and joint stock and mutual fund amount data from the 2001 panel of SIPP.  This factor varied by age and race group.  Applying this methodology resulted in an increase in median total household net worth of $4,500 ($75,300 to $79,800).
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Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: October 31, 2011