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Wealth and Asset Ownership






Table 9. Standard Errors for Median Net Worth and Median Net Worth Excluding by Income Quintile, and Race and Hispanic Origin: 2004

Income Quintile by Race and Hispanic Origin Count Standard Error (Median Net Worth) Standard Error
(Median Net Worth Excluding Home Equity)
White Alone
All quintiles 92,447,073 240.31 100.49
Lowest quintile 16,935,691 477.55 95.36
Second quintile 18,163,595 1,187.27 248.16
Third quintile 18,521,777 1,742.68 524.15
Fourth quintile 19,259,774 2,564.40 1,021.44
Highest quintile 19,566,236 4,998.37 2,847.68
White Alone (Not of Hispanic Origin)
All quintiles 81,247,250 430.54 204.23
Lowest quintile 14,276,550 730.03 126.20
Second quintile 15,259,190 1,678.81 360.06
Third quintile 16,121,130 2,090.99 695.81
Fourth quintile 17,310,809 2,798.80 1,209.23
Highest quintile 18,279,571 5,293.47 3,068.25
Black Alone
All quintiles 13,917,262 230.48 31.97
Lowest quintile 4,393,998 70.66 33.19
Second quintile 3,163,847 603.93 216.55
Third quintile 2,802,718 1,336.81 500.70
Fourth quintile 2,106,122 3,820.55 1,563.36
Highest quintile 1,450,578 9,953.27 4,372.09
Asian Alone
All quintiles 3,221,121 6,012.61 1,599.05
Lowest quintile 558,644 1,276.71 555.24
Second quintile 448,214 5,494.22 1,620.58
Third quintile 533,552 4,617.94 2,745.45
Fourth quintile 680,330 14,725.80 4,178.02
Highest quintile 1,000,381 21,877.87 10,132.46
Other (residual)
All quintiles 3,398,892 1,369.47 86.27
Lowest quintile 822,445 609.30 235.65
Second quintile 720,112 1,918.09 621.40
Third quintile 729,771 4,500.60 1,654.61
Fourth quintile 558,206 11,360.66 4,540.75
Highest quintile 568,357 24,279.40 11,095.13
Hispanic
All quintiles 12,166,742 381.15 73.38
Lowest quintile 2,880,752 136.16 69.98
Second quintile 3,160,692 396.97 166.00
Third quintile 2,625,602 1,510.60 365.00
Fourth quintile 2,112,132 3,642.07 1,051.51
Highest quintile 1,387,564 12,199.46 3,593.60
Not of Hispanic Origin
All quintiles 100,817,606 161.07 83.04
Lowest quintile 19,830,026 323.66 73.10
Second quintile 19,335,076 1,101.14 246.17
Third quintile 19,962,216 1,581.88 510.14
Fourth quintile 20,492,300 2,421.97 1,005.74
Highest quintile 21,197,988 4,755.59 2,698.68
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Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: October 31, 2011