U.S. Department of Commerce

Wealth and Asset Ownership




Table 3. Interest-Earning Asset Ownership Rates for Households, by Selected Characteristics: 2004

  Number of Households (thousands) Total Percent Owning Interest Earning Assets
Held at Financial Institutions		 Percent Owning Interest Earning Assets
Other Interest-Earning Assets
Total Passbook Savings Accounts Money Market Deposit Accounts Certificates of Deposit Interest-Earning Checking Accounts Total Government Securities Municipal and Corporate Bonds
TOTAL 112,992 66.6 66.5 55.2 15.3 10.7 38.1 3.5 1.1 3.0
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER
White Alone 92,454 69.6 69.5 57.3 17.1 11.9 40.8 4.0 1.2 3.4
White Alone (Not of Hispanic Origin) 81,254 73.1 73.0 59.8 18.9 13.1 43.9 4.4 1.3 3.8
Black Alone 13,917 47.4 47.3 41.2 4.7 3.7 21.3 0.7 0.3 0.5
Asian Alone 3,221 71.5 71.5 62.0 16.1 11.9 39.8 2.3 0.3 2.1
Other(residual) 3,399 60.3 60.3 51.4 7.5 6.4 30.8 1.9 0.4 1.8
Hispanic Origin 12,167 44.1 44.0 39.0 4.3 3.2 18.6 0.9 0.3 0.7
Not of Hispanic Origin 100,825 69.3 69.2 57.2 16.6 11.7 40.4 3.8 1.1 3.3
AGE OF HOUSEHOLDER
Less than 35 years 24,739 59.1 59.1 52.0 7.5 3.2 29.8 0.7 0.3 0.5
35 to 44 years 23,882 65.5 65.5 57.5 13.7 5.9 36.5 1.8 0.5 1.6
45 to 54 years 23,918 68.1 68.1 58.8 15.8 9.0 39.4 2.8 1.0 2.3
55 to 64 years 17,595 70.4 70.2 57.5 21.3 13.9 42.6 5.7 1.8 5.0
65 years and over 22,858 71.4 71.2 51.0 20.1 23.4 43.9 7.3 1.9 6.3
65 to 69 years 6,222 70.4 70.3 53.2 19.8 17.2 42.1 6.6 2.0 5.5
70 to 74 years 5,358 70.2 70.0 50.0 20.8 22.0 44.7 7.3 2.1 6.3
75 and over 11,278 72.6 72.4 50.2 19.8 27.5 44.6 7.7 1.8 6.7
EDUCATION OF HOUSEHOLDER
No High School Diploma 11,856 37.3 37.3 29.3 2.8 6.3 14.2 0.4 0.1 0.4
High School Graduate Only 30,469 56.7 56.7 46.0 8.8 10.0 29.7 1.7 0.3 1.4
Some College, No Degree 19,821 69.1 68.9 57.9 12.7 9.4 38.7 3.1 1.0 2.6
Associate's Degree 20,681 68.9 68.8 58.4 12.6 10.2 38.4 2.3 0.6 1.9
Bachelor's Degree or Higher 30,165 85.0 84.8 70.7 30.2 14.5 55.3 7.6 2.5 6.7
TYPE OF HOUSEHOLD BY AGE OF HOUSEHOLDER
Married-couple households 59,593 73.6 73.5 62.6 18.8 12.3 44.5 4.1 1.2 3.6
Less than 35 years 11,827 66.0 66.0 58.9 10.2 3.6 35.5 0.9 0.3 0.7
35 to 54 years 28,193 73.9 73.9 65.2 17.9 9.3 44.2 2.8 0.9 2.3
55 to 64 years 10,037 77.3 77.2 64.5 25.5 17.0 49.6 6.5 1.9 5.9
65 years and over 9,536 77.9 77.7 57.5 25.3 26.8 51.0 9.6 2.5 8.3
Male householder 20,745 59.0 58.9 46.8 11.2 7.1 31.7 2.6 0.9 2.1
Less than 35 years 5,908 55.5 55.5 47.8 6.4 2.6 27.0 0.6 0.3 0.2
35 to 54 years 8,563 58.2 58.2 47.7 11.0 4.9 31.9 1.9 0.6 1.6
55 to 64 years 2,854 59.0 58.6 44.2 15.3 9.7 32.9 3.9 1.4 3.5
65 years and over 3,419 67.1 66.9 45.2 16.6 18.3 38.1 6.6 2.3 5.6
Female householder 32,654 58.8 58.7 47.1 11.3 10.2 30.5 2.9 0.8 2.5
Less than 35 years 7,004 50.5 50.5 43.9 3.9 3.0 22.5 0.5 0.1 0.4
35 to 54 years 11,044 55.4 55.3 48.0 9.6 4.5 26.5 1.4 0.4 1.3
55 to 64 years 4,704 62.5 62.2 50.7 16.1 9.8 33.4 5.1 2.0 4.0
65 years and over 9,903 66.7 66.5 46.7 16.2 21.9 39.1 5.2 1.3 4.6
LABOR FORCE ACTIVITY OF HOUSEHOLDERS UNDER 65 YEARS
Total 90,133 65.4 65.3 56.3 14.1 7.5 36.6 2.5 0.8 2.2
With labor force activity 74,583 68.2 68.1 59.2 14.2 7.3 38.0 2.3 0.8 2.0
With job entire period 64,304 70.7 70.6 61.5 15.1 7.8 39.6 2.5 0.9 2.1
With job part of period 8,157 54.6 54.5 46.4 8.6 4.2 29.3 1.1 0.3 1.0
No job during period, spent time looking or on layoff 2,123 44.9 44.9 38.6 8.3 4.5 21.7 1.7 0.5 1.4
No labor force activity 15,550 52.2 52.1 42.5 13.5 8.6 30.1 3.4 1.0 3.0
MONTHLY HOUSEHOLD INCOME
Lowest quintile 22,711 42.0 41.9 31.8 6.1 7.7 19.8 1.2 0.4 1.0
Second quintile 22,496 58.6 58.5 45.9 10.2 10.9 30.4 2.7 0.7 2.3
Third quintile 22,590 67.0 66.9 55.8 12.7 10.2 36.3 3.2 0.9 2.6
Fourth quintile 22,610 78.2 78.1 67.2 16.4 10.4 45.6 3.3 0.8 2.9
Highest quintile 22,586 87.4 87.3 75.6 31.0 14.5 58.4 7.1 2.4 6.2
HOUSEHOLD NET WORTH
Negative or Zero 17,600 38.0 38.0 32.3 1.7 0.9 16.9 0.2 0.0 0.2
$1 to $4,999 10,271 39.9 39.9 32.9 1.1 1.6 15.8 0.0 0.0 0.0
$5,000 to $9,999 4,646 51.0 51.0 42.7 2.7 3.5 20.9 0.3 0.0 0.3
$10,000 to $24,999 7,152 60.3 60.2 51.7 4.4 4.8 27.1 0.5 0.2 0.4
$25,000 to $49,999 8,406 63.3 63.1 53.6 5.4 5.1 31.1 0.8 0.2 0.7
$50,000 to $99,999 13,160 68.0 67.9 57.3 9.0 7.8 35.9 0.9 0.3 0.7
$100,000 to $249,999 22,146 78.1 78.0 64.4 17.0 13.9 45.2 2.3 0.8 1.8
$250,000 to $499,999 15,187 86.2 86.1 71.5 29.4 20.4 56.2 5.7 1.5 4.8
$500,000 and over 14,417 91.3 90.9 72.7 45.2 25.4 66.8 15.8 4.9 14.0
REGION
Northeast 21,442 69.9 69.7 59.6 16.6 11.4 38.3 3.9 1.4 3.2
Midwest 25,589 71.8 71.8 58.7 15.4 12.6 42.4 3.4 0.9 3.0
South 40,938 59.4 59.3 47.7 13.3 9.9 34.5 3.0 0.9 2.6
West 25,022 70.3 70.3 60.3 17.2 9.7 39.3 3.9 1.1 3.5
TENURE
Owner 76,258 75.9 75.8 62.8 20.2 13.9 45.9 4.7 1.4 4.1
Renter 36,734 47.3 47.3 39.5 5.0 4.2 21.8 0.9 0.4 0.7
NOTE: Excludes group quarters. The universe for this table is based on household ownership of interest-earning assets.  This universe differs slightly from the universe for Tables 1 and 2, which is also based on household ownership of interest-earning assets, but is further restricted to households having a positive dollar amount for this asset category.  Also, the exclusion of outliers that highly influenced the mean amount distributions of the asset categories in Tables 1 and 2 further restricts the universe for interest-earning assets in Tables 1 and 2 in comparison to the universe for Table 3.  As a result, the percentages in this table will differ slightly from those in Table 2.
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Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: October 31, 2011