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Did You Know? Homes Account for 44 Percent of All Wealth: 1995, Findings from the SIPP

Report Number P70-75
Sandra Luckett
Component ID: #ti1778618579

Introduction

A household’s economic well-being is measured by the household’s income and wealth. Income is defined as the flow of resources to a household, for example, earnings and interest from banking accounts; wealth is the household’s asset accumulation minus any debts. Wealth (for example, equity in a home) is a particularly important dimension of well-being and is discussed in this report.

With data collected by the Survey of Income and Program Participation (SIPP) between February and May 1995, this report examines the median net worth (wealth) in 1995 of households with different types of demographic characteristics.

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