U.S. Census Bureau
 Wealth and Asset Ownership




Asset Ownership of Households: 1998

Table 1.  Median Value of Assets for Households, by Type of Asset Owned and Selected Characteristics:  1998
(In dollars.  Excludes group quarters.)                              
Characteristics Net worth Net worth (401K/Thrift) 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. savings bonds IRA or Keogh accounts 401K & thrift savings plan Other assets1
               
     Total 41,681 47,887 3,696 30,000 500 16,800 7,000 5,824 53,000 57,000 30,000 800 19,000 15,000 23,369
               
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER                
               
White 52,301 59,575 4,000 30,000 550 20,000 7,800 5,824 56,000 60,000 30,000 900 20,000 16,000 24,000
White Not of Hispanic Origin 59,700 68,048 4,088 30,000 570 20,000 8,000 6,075 59,987 60,000 30,000 1,000 20,000 17,000 24,479
Black 5,490 5,946 1,500 (B) 300 4,000 3,000 3,350 31,000 15,000 20,000 300 6,000 7,000 (B)
Hispanic Origin 5,824 6,895 1,500 (B) 500 10,000 5,000 3,850 34,000 57,000 20,000 500 11,500 8,000 (B)
Not of Hispanic Origin 47,243 53,752 3,945 30,000 515 17,000 7,650 5,824 55,000 57,000 30,000 800 19,000 15,682 23,739
               
AGE OF HOUSEHOLDER                
               
Less than 35 years 5,507 6,324 1,200 (B) 500 6,000 5,000 4,425 21,000 25,000 15,000 500 5,000 6,000 5,000
35 to 44 years 28,505 36,661 2,320 22,514 500 12,000 7,000 5,824 36,000 51,000 20,000 800 13,000 17,000 13,586
45 to 54 years 61,796 72,421 3,696 20,889 700 20,000 9,000 6,955 58,000 65,000 35,000 750 20,000 23,000 20,000
55 to 64 years 90,274 99,100 6,266 30,000 550 28,000 8,000 6,648 70,000 72,000 40,000 1,000 29,000 28,000 31,739
65 years and over 100,375 101,096 9,980 30,000 600 34,209 7,500 5,824 80,000 53,000 40,000 3,500 28,000 25,000 35,652
65 to 69 years 116,502 120,596 8,820 30,000 600 40,000 10,000 7,400 80,000 52,000 40,000 2,000 31,900 33,000 39,347
70 to 74 years 106,325 106,824 9,052 33,945 584 35,000 9,200 5,950 80,000 80,000 50,000 5,000 30,123 20,000 41,304
75 and over 93,170 93,225 10,212 32,000 600 30,000 5,000 5,824 75,000 45,000 28,000 4,100 22,270 19,000 31,000
               
EDUCATION OF HOUSEHOLDER                
               
No High School Diploma 14,625 15,640 3,945 (B) 400 8,000 4,000 3,360 45,000 38,000 22,000 450 14,000 7,000 30,000
High School Graduate Only 36,476 41,500 3,017 30,000 500 13,000 7,500 5,824 50,000 51,165 25,000 950 17,000 11,000 20,000
Some College, No Degree 33,857 40,693 2,500 30,000 500 11,500 5,000 5,824 50,000 52,000 25,000 800 16,000 12,000 20,000
Associate's Degree 44,500 52,347 3,000 30,000 500 12,000 9,000 5,824 50,000 58,000 25,000 600 15,000 13,000 19,000
Bachelor's Degree or Higher 90,175 111,260 5,570 30,000 1,000 25,000 10,000 7,907 67,000 65,000 48,000 1,000 23,442 25,000 29,040
               
TYPE OF HOUSEHOLD BY AGE OF HOUSEHOLDER                
               
Married-couple households 69,175 78,766 4,500 30,000 700 22,970 7,500 7,407 55,000 61,000 30,000 1,000 20,975 18,244 25,000
Less than 35 years 12,500 15,379 1,700 (B) 500 8,000 5,000 5,350 22,000 25,000 15,000 500 6,000 7,000 7,000
35 to 54 years 67,695 80,225 3,500 23,210 700 20,272 8,000 7,999 50,000 60,000 29,000 900 18,000 22,000 20,000
55 to 64 years 132,535 146,497 7,000 30,000 800 40,000 10,000 9,000 75,000 75,000 40,000 1,111 35,000 33,000 39,452
65 years and over 155,260 158,000 12,605 30,000 900 59,312 7,500 8,400 89,000 66,000 50,000 4,100 32,000 26,000 37,808
Male householder 13,889 18,875 2,321 23,210 600 9,000 10,000 4,331 41,300 50,000 25,000 575 15,000 11,000 17,000
Less than 35 years 4,375 5,596 928 (B) 554 4,000 10,000 4,300 20,000 (B) (B) 500 4,700 5,000 (B)
35 to 54 years 14,000 20,178 1,856 (B) 500 8,000 10,000 4,100 34,000 45,000 25,000 500 16,000 17,000 10,000
55 to 64 years 35,900 43,175 5,338 (B) 500 13,000 (B) 4,725 60,000 (B) (B) (B) 20,000 28,900 (B)
65 years and over 70,824 70,824 9,051 40,618 800 39,312 (B) 5,350 65,000 (B) 30,000 1,100 30,000 (B) 39,347
Female householder 16,192 18,932 2,784 23,210 393 10,000 4,000 4,000 52,000 40,000 30,000 500 14,000 10,000 23,356
Less than 35 years 500 596 696 (B) 300 3,500 1,500 3,350 19,500 (B) (B) 375 4,000 4,000 (B)
35 to 54 years 10,021 13,775 1,392 (B) 400 6,500 4,000 4,250 35,000 50,000 31,000 400 10,000 12,000 19,782
55 to 64 years 43,272 47,124 3,017 (B) 300 15,000 (B) 5,175 57,000 (B) 36,000 400 17,000 14,000 (B)
65 years and over 71,247 72,703 7,427 28,085 400 19,028 (B) 4,525 75,000 32,000 26,200 3,000 20,000 20,000 30,000
               
LABOR FORCE ACTIVITY OF HOUSEHOLDERS                
UNDER 65 YEARS                
               
     Total 28,375 34,420 2,553 25,000 500 13,000 7,000 5,824 45,000 60,000 30,000 650 16,000 15,000 17,000
With labor force activity 30,227 37,475 2,500 23,210 557 12,000 7,500 5,824 43,000 60,000 26,500 650 15,000 15,000 16,304
With job entire period 36,087 44,041 2,553 23,210 600 12,400 8,000 5,850 44,425 60,000 29,000 700 15,000 15,000 17,000
With job part of period 4,350 5,630 1,453 (B) 402 9,000 3,998 4,000 31,000 55,000 22,000 500 12,000 8,000 (B)
No job during period,                
spent time looking                
or on layoff 1,000 1,000 1,000 30,000 200 10,000 1,000 3,350 30,500 200,000 100,000 800 16,500 22,000 11,550
No labor force activity 18,500 19,720 4,000 30,000 300 22,000 3,500 5,824 55,000 50,000 30,000 601 22,500 20,000 26,304
               
Monthly Household Income                
               
Lowest quintile 5,824 5,824 2,553 12,533 200 8,000 5,000 3,175 45,000 30,000 30,000 300 15,000 5,800 16,217
Second quintile 21,557 23,824 2,800 23,210 350 10,000 5,000 4,275 50,000 40,000 25,000 1,000 17,000 5,000 17,843
Third quintile 33,979 39,156 2,320 30,000 500 12,000 7,500 5,824 50,000 57,000 25,000 600 17,000 8,000 18,000
Fourth quintile 54,035 65,500 3,016 30,000 745 12,000 5,000 6,950 50,000 55,000 25,000 700 15,000 13,000 21,739
Highest quintile 126,061 154,574 6,600 30,000 1,000 31,000 11,250 10,250 68,000 68,000 35,000 1,000 25,000 30,000 34,000
               
REGION                
               
Northeast 54,802 63,007 4,409 29,013 550 17,993 7,000 5,925 70,000 60,000 50,000 1,000 18,000 17,000 19,000
Midwest 51,500 59,648 3,732 30,000 500 16,000 10,000 5,850 52,000 50,000 28,000 650 19,000 17,000 20,000
South 32,857 37,710 3,249 30,000 500 12,400 7,000 5,824 42,000 50,000 22,000 700 18,887 12,277 20,546
West 35,532 43,192 3,460 30,000 700 20,000 5,000 5,457 66,000 70,000 30,000 800 20,000 17,000 27,396
               
TENURE                
               
Owner 87,996 97,151 5,000 30,000 600 20,000 8,000 7,025 53,000 60,000 30,000 1,000 20,000 20,000 25,300
Renter 1,000 1,430 1,160 23,210 450 5,500 4,998 3,350 (B) 30,000 25,000 400 8,318 6,200 10,000
(B) Base is less than 200,000
1 Includes mortgages held from sale of real estate, amount due from sale of business or property, and other financial assets.
Contact the Demographic Call Center Staff at 301-763-2422 or 1-866-758-1060 (toll free) or visit ask.census.gov for further information on Wealth and Asset Ownership Data.

Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: January 28, 2005