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Wealth and Asset Ownership






Table 8. Standard Errors for Median Net Worth and Median Net Worth Excluding Home Equity, by Age Group and Income Quintile: 2004

Income Quintile by Age Count Standard Error (Median Net Worth) Standard Error
(Median Net Worth Excluding Home Equity)
Less than 35
All quintiles 24,738,887 1,355.07 205.88
Lowest quintile 5,255,646 142.00 100.81
Second quintile 5,240,393 287.45 203.00
Third quintile 5,804,221 694.18 407.31
Fourth quintile 5,164,737 1,541.22 826.92
Highest quintile 3,273,889 4,630.99 2,404.82
35 - 44 years
All quintiles 23,882,216 1, 274.81 297.78
Lowest quintile 3,200,647 211.69 111.12
Second quintile 3,873,104 760.14 289.26
Third quintile 4,744,602 1,734.09 685.65
Fourth quintile 5,650,345 3,295.04 1,443.73
Highest quintile 6,413,518 6,559.28 3,609.24
45 - 54 years
All quintiles 23,915,588 2,378.12 622.99
Lowest quintile 3,416,483 440.27 151.65
Second quintile 3,472,404 1,533.33 441.41
Third quintile 4,268,498 3,198.95 933.37
Fourth quintile 5,536,449 4,842.06 2,079.08
Highest quintile 7,221,754 8,099.57 5,197.82
55 - 64 years
All quintiles 17,589,293 2,234.99 1,087.87
Lowest quintile 3,270,807 1,142.93 175.66
Second quintile 3,156,319 4,429.66 901.30
Third quintile 3,473,552 5,687.62 1,659.80
Fourth quintile 3,581,124 8,975.06 4,257.28
Highest quintile 4,107,491 14,209.41 9,632.08
= > 65 years
All quintiles 22,858,364 2,953.09 515.61
Lowest quintile 7,567,194 2,072.56 117.65
Second quintile 6,753,548 4,110.65 866.35
Third quintile 4,296,945 7,599.23 3,516.10
Fourth quintile 2,671,777 13,526.09 7,866.02
Highest quintile 1,568,899 30,868.33 21,206.47
65 - 69 years
All quintiles 6,222,162 6,752.43 1,520.24
Lowest quintile 1,404,735 2,589.40 192.89
Second quintile 1,686,522 8,565.30 1,963.27
Third quintile 1,400,997 13,825.70 5,285.80
Fourth quintile 1,062,468 17,811.88 10,770.83
Highest quintile 667,440 50,001.05 34,027.63
70 - 74 years
All quintiles 5,357,913 6,223.84 1,375.76
Lowest quintile 1,596,785 4,003.90 264.70
Second quintile 1,543,216 7,970.37 1,560.31
Third quintile 1,134,575 14,583.50 7,838.83
Fourth quintile 688,427 28,617.43 16,487.59
Highest quintile 394,909 72,350.25 47,890.41
= > 75 years
All quintiles 11,278,289 4,267.07 632.66
Lowest quintile 4,565,674 3,164.50 195.38
Second quintile 3,523,811 5,749.95 1,231.13
Third quintile 1,761,373 11,769.66 5,534.87
Fourth quintile 920,883 25,396.37 17,218.01
Highest quintile 506,549 48,569.81 30,823.94
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Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: October 31, 2011