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Wealth and Asset Ownership






Table 5. Mean 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 270,236 25,242 106,089 2,054 107,205 184,930 6,121 147,869 261,176 159,879 4,525 67,522 59,771 153,859
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER
White Alone 300,147 26,951 110,462 2,154 103,509 186,255 6,495 152,026 263,006 165,953 4,669 69,843 63,031 159,844
White Alone(Not of Hispanic Origin) 326,765 28,126 111,324 2,231 103,635 194,110 6,881 153,606 267,785 168,756 4,732 71,471 65,354 162,623
Black Alone 81,203 9,497 (B) 1,136 66,261 136,109 3,021 94,100 197,212 92,691 2,743 36,462 32,951 (B)
Asian Alone 299,270 27,890 (B) 2,887 127,943 168,993 7,923 228,511 (B) (B) 5,675 61,310 65,948 (B)
Other (residual) 203,215 18,167 (B) 1,179 322,965 275,740 4,384 110,448 (B) (B) 2,244 47,408 37,772 (B)
Hispanic Origin 107,367 12,752 (B) 1,466 98,912 117,040 3,294 134,810 198,916 85,890 2,471 28,828 33,283 (B)
Not of Hispanic Origin 289,891 26,241 107,187 2,120 107,504 189,854 6,430 148,987 264,443 162,955 4,586 69,045 61,743 156,725
AGE OF HOUSEHOLDER
Less than 35 years 71,459 9,649 (B) 1,556 27,571 162,473 2,947 64,528 156,946 122,169 1,863 21,870 26,343 49,958
35 to 44 years 190,361 16,355 56,693 1,809 56,123 176,210 5,504 125,061 189,950 146,063 3,115 40,659 52,112 164,656
45 to 54 years 313,592 26,043 83,349 2,077 102,602 207,916 7,198 153,449 234,178 139,449 4,310 58,931 70,002 182,428
55 to 64 years 431,079 35,587 116,259 2,668 136,705 182,589 8,265 187,746 289,641 166,142 5,059 91,665 87,921 173,062
65 years and over 399,709 39,442 132,781 2,372 180,467 183,337 7,347 179,573 348,410 199,201 8,980 110,876 80,626 149,470
65 to 69 years 394,206 34,537 140,015 2,491 218,186 187,594 8,394 183,879 297,727 193,354 7,119 137,663 91,380 163,327
70 to 74 years 530,147 45,058 96,490 2,093 149,376 283,527 7,981 169,357 476,143 190,384 8,635 108,258 72,151 168,352
75 and over 340,777 39,476 144,780 2,425 174,478 102,233 6,298 182,174 304,725 208,473 10,437 90,373 69,112 132,158
EDUCATION OF HOUSEHOLDER
No High School Diploma 88,381 14,489 (B) 1,413 126,900 142,814 3,625 101,973 218,679 83,581 3,097 44,863 25,534 (B)
High School Graduate Only 183,499 19,675 116,936 1,650 93,331 207,194 5,185 126,886 209,330 122,464 5,390 60,616 48,610 139,839
Some College, No Degree 238,266 19,676 112,312 1,795 93,283 194,034 5,485 133,900 208,695 139,261 3,730 58,873 50,638 117,375
Associate's Degree 236,727 20,369 91,421 1,915 126,167 179,128 5,483 124,123 220,121 101,546 3,408 53,695 48,565 124,893
Bachelor's Degree or Higher 473,356 36,745 104,935 2,943 109,586 176,896 8,548 200,138 322,852 221,951 5,070 79,912 77,977 193,655
TYPE OF HOUSEHOLD BY AGE OF HOUSEHOLDER
Married-couple households 380,823 27,602 109,623 2,332 119,362 191,493 7,687 159,419 282,556 162,329 4,817 78,106 68,438 170,819
Less than 35 years 95,965 10,680 (B) 1,701 33,668 169,885 3,251 65,056 170,263 134,705 2,143 25,551 31,088 48,623
35 to 54 years 327,976 22,833 75,293 2,250 84,847 204,096 7,755 148,017 222,881 127,741 4,035 57,117 67,697 186,384
55 to 64 years 603,322 37,066 104,998 3,051 159,180 196,517 10,472 215,132 338,608 163,629 5,620 103,759 100,027 187,092
65 years and over 656,385 48,909 154,254 2,593 221,580 133,893 9,931 209,647 399,530 246,804 9,686 140,224 97,708 174,390
Male householder 163,489 24,851 104,859 2,297 81,202 195,169 4,811 123,051 238,219 145,048 3,343 52,864 51,198 91,951
Less than 35 years 79,177 11,664 (B) 1,621 20,228 174,896 3,312 70,159 (B) (B) 1,409 20,448 22,951 (B)
35 to 54 years 163,858 24,662 (B) 2,014 78,004 206,730 5,025 111,853 241,896 147,627 3,297 39,463 56,535 (B)
55 to 64 years 234,300 37,590 (B) 3,366 79,723 208,404 5,901 149,491 181,929 (B) 4,310 80,636 82,803 (B)
65 years and over 249,153 35,847 (B) 3,551 155,145 (B) 5,844 162,968 (B) 112,423 5,727 96,861 79,465 (B)
Female householder 136,251 19,882 96,431 1,312 82,235 137,857 3,402 130,470 186,924 161,441 4,158 41,156 35,606 142,018
Less than 35 years 23,564 5,359 (B) 1,207 15,003 109,689 1,985 55,859 (B) (B) 1,444 11,263 15,403 (B)
35 to 54 years 126,457 13,372 (B) 1,019 61,398 105,231 3,134 129,024 136,077 224,573 2,382 30,289 38,049 202,048
55 to 64 years 183,097 30,314 (B) 1,353 73,293 72,969 4,091 129,876 181,317 151,718 3,127 53,283 49,744 (B)
65 years and over 204,616 29,445 107,372 1,756 122,101 346,188 4,487 148,322 221,855 125,136 8,814 58,456 41,820 118,850
LABOR FORCE ACTIVITY OF HOUSEHOLDERS UNDER 65 YEARS
Total 237,403 21,421 87,789 1,988 85,210 185,092 5,839 138,051 233,749 147,571 3,623 56,418 58,195 155,820
With labor force activity 234,327 19,861 67,048 1,964 81,618 188,605 5,552 132,791 228,564 142,316 3,346 49,199 55,217 135,709
With job entire period 246,011 20,473 67,955 2,005 84,175 194,925 5,705 135,549 228,748 143,629 3,354 50,012 56,327 135,827
With job part of period 94,106 15,094 (B) 1,689 53,137 86,728 4,056 92,811 196,638 134,931 2,832 39,441 40,161 (B)
No job during period, spent time looking or on layoff 419,194 14,112 (B) 1,624 67,346 (B) 6,446 146,783 (B) (B) (B) 45,382 61,068 (B)
No labor force activity 252,161 31,092 153,756 2,122 105,263 143,063 7,433 164,498 259,573 172,973 5,496 100,401 85,090 248,772
MONTHLY HOUSEHOLD INCOME
Lowest quintile 94,460 14,626 50,004 1,107 123,487 111,978 3,806 113,659 173,101 92,777 6,426 62,744 35,134 88,846
Second quintile 142,449 17,439 66,857 1,305 92,642 161,409 4,388 122,840 235,896 107,820 4,185 63,596 25,873 63,193
Third quintile 240,898 20,503 84,111 1,571 85,251 156,594 5,082 113,752 211,443 121,488 3,287 52,528 30,848 88,499
Fourth quintile 315,898 23,054 114,527 2,342 109,057 186,278 6,155 146,597 209,776 113,292 4,645 57,368 50,122 165,339
Highest quintile 557,911 40,640 133,830 3,599 116,968 237,447 10,190 208,631 334,138 235,652 4,842 84,085 94,921 235,062
HOUSEHOLD NET WORTH
Negative or Zero -16,240 1,925 (B) 802 5,991 -70 -1,112 -10,215 (B) (B) 1,161 7,154 8,196 (B)
$1 to $4,999 1,796 1,204 (B) 664 4,577 1,785 1,573 7,339 (B) (B) 1,037 4,830 4,368 (B)
$5,000 to $9,999 7,175 2,500 (B) 1,114 5,447 4,697 3,594 10,282 (B) (B) 790 5,570 6,777 (B)
$10,000 to $24,999 16,625 3,944 (B) 1,313 7,595 13,467 3,521 16,938 (B) (B) 1,839 8,429 10,364 (B)
$25,000 to $49,999 36,828 5,617 (B) 1,473 13,438 17,164 3,292 31,059 (B) 15,499 1,546 10,838 16,131 (B)
$50,000 to $99,999 73,202 8,072 (B) 1,731 16,438 26,481 4,309 54,634 34,211 26,795 1,966 16,195 23,392 29,336
$100,000 to $249,999 164,652 15,373 23,825 2,249 27,731 47,691 6,697 105,705 63,022 53,739 3,430 28,396 41,221 41,818
$250,000 to $499,999 354,993 30,975 40,469 3,250 57,549 92,977 9,754 188,721 112,062 95,930 4,929 53,952 73,611 75,319
$500,000 and over 1,410,872 82,357 156,493 4,333 254,505 515,115 15,062 396,136 431,282 295,250 8,549 151,960 161,295 310,780
REGION
Northeast 274,525 27,055 106,479 1,893 89,574 198,319 6,651 199,279 305,976 184,204 5,138 74,937 68,793 102,757
Midwest 221,703 22,442 75,279 1,743 87,107 201,135 5,921 105,655 166,926 137,472 4,143 61,562 60,278 130,262
South 203,376 22,658 115,625 2,090 89,305 194,702 5,824 107,626 201,290 125,243 4,338 65,896 51,066 105,114
West 425,623 30,162 121,498 2,409 167,557 143,596 6,406 228,494 378,192 214,727 4,632 69,291 64,686 244,809
TENURE
Owner 371,514 29,082 107,276 2,391 105,590 194,440 7,424 147,869 264,075 164,398 4,648 72,644 67,306 164,308
Renter 59,984 12,488 92,851 1,267 118,121 141,520 2,617 0 222,575 115,809 3,750 32,335 27,884 77,636
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