U.S. Census Bureau
 Wealth and Asset Ownership




Asset Ownership of Households: 1998

Table 5.  Average (Mean) 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 136,171 149,629 18,878 102,105 1,672 103,820 95,508 7,784 75,862 125,761 73,575 5,579 55,301 47,903 83,054
               
RACE AND HISPANIC ORIGIN OF HOUSEHOLDER                
               
White 152,169 167,175 20,130 103,711 1,742 108,751 95,583 8,139 79,042 131,744 75,811 5,870 57,034 50,229 85,019
White Not of Hispanic Origin 162,737 178,847 20,864 103,870 1,783 110,576 96,165 8,411 80,836 134,956 75,989 5,972 57,708 51,454 85,911
Black 28,816 32,251 5,047 (B) 885 19,474 55,653 4,467 41,673 35,459 32,738 1,597 12,642 21,457 (B)
Hispanic Origin 43,616 47,389 7,001 (B) 1,305 43,913 81,235 5,006 50,067 75,492 68,899 2,191 32,193 26,636 (B)
Not of Hispanic Origin 144,700 159,050 19,540 102,241 1,698 105,548 96,350 8,010 77,441 128,399 73,750 5,668 55,929 48,896 83,992
               
AGE OF HOUSEHOLDER                
               
Less than 35 years 33,035 37,355 5,594 (B) 1,221 28,202 77,230 5,690 35,778 64,686 42,742 1,973 14,118 15,403 26,429
35 to 44 years 98,771 112,789 11,912 55,988 1,178 80,098 78,758 7,446 56,267 108,169 60,649 3,247 29,343 38,174 66,662
45 to 54 years 154,786 184,501 17,424 90,543 1,729 99,742 108,797 9,096 76,155 108,540 80,000 4,679 49,826 72,690 61,949
55 to 64 years 230,109 250,544 26,046 90,809 1,803 133,376 116,497 9,271 99,712 177,222 92,911 5,090 87,874 77,140 112,224
65 years and over 215,707 219,479 34,017 129,453 2,818 167,277 109,814 8,285 101,788 129,293 71,068 14,590 76,183 64,855 106,759
65 to 69 years 246,513 255,250 28,826 114,677 2,143 202,760 111,927 9,687 104,568 119,874 77,817 12,686 84,483 78,396 88,463
70 to 74 years 231,565 234,396 36,612 157,996 2,160 152,229 104,986 8,930 103,969 171,858 82,897 11,366 85,159 48,478 104,420
75 and over 188,795 190,206 35,562 122,546 3,730 153,049 111,996 6,897 98,748 100,727 55,751 18,592 53,030 52,311 119,044
               
EDUCATION OF HOUSEHOLDER                
               
No High School Diploma 59,088 60,525 19,965 (B) 1,150 47,643 61,648 5,310 59,186 85,758 38,379 3,663 49,182 20,071 54,012
High School Graduate Only 102,038 109,564 16,430 67,248 1,711 78,214 74,293 7,180 68,880 92,055 59,523 6,057 44,798 34,232 62,049
Some College, No Degree 124,109 135,218 17,091 94,188 1,191 91,664 70,625 7,481 72,687 145,788 79,365 6,866 48,506 38,729 68,606
Associate's Degree 115,445 128,297 14,090 40,610 1,591 66,177 57,431 7,817 67,923 146,350 52,114 3,540 45,051 37,257 106,149
Bachelor's Degree or Higher 253,903 285,668 23,512 127,118 2,294 137,369 145,784 10,092 98,592 139,283 97,140 5,582 66,802 68,578 104,348
               
TYPE OF HOUSEHOLD BY AGE OF HOUSEHOLDER                
               
Married-couple households 183,941 202,617 20,056 109,586 1,557 123,261 100,612 9,318 79,599 134,244 76,774 5,515 62,383 54,896 98,412
Less than 35 years 46,596 52,927 6,209 (B) 1,120 34,720 76,569 6,479 35,820 49,797 43,083 1,982 14,418 18,323 28,569
35 to 54 years 162,316 187,375 15,596 85,940 1,533 103,161 97,628 9,637 70,248 116,653 71,057 4,154 43,078 58,516 79,035
55 to 64 years 311,917 341,433 29,078 94,335 1,769 156,376 128,094 10,869 110,081 199,248 97,938 5,532 102,476 91,390 140,163
65 years and over 314,524 320,849 39,632 149,739 2,139 222,588 107,015 10,687 114,823 129,760 80,813 15,430 91,065 72,268 124,290
Male householder 85,289 98,216 17,033 103,323 1,753 76,729 101,405 6,016 62,917 99,310 58,289 5,899 43,168 41,760 71,195
Less than 35 years 29,046 32,308 5,755 (B) 1,031 19,513 88,842 5,337 37,552 (B) (B) 2,592 14,153 12,194 (B)
35 to 54 years 74,302 99,385 12,676 (B) 1,425 64,882 98,756 5,882 53,017 72,087 50,738 3,525 39,070 57,956 25,677
55 to 64 years 117,171 126,231 18,483 (B) 3,133 74,083 (B) 6,924 84,716 (B) (B) (B) 69,646 54,765 (B)
65 years and over 185,688 189,205 38,466 147,730 3,631 182,200 (B) 7,021 86,925 (B) 57,727 17,297 55,349 (B) 150,841
Female householder 75,387 79,268 16,812 77,977 1,879 54,623 48,945 5,131 72,111 102,214 70,216 5,669 37,184 24,463 49,688
Less than 35 years 11,458 12,957 3,559 (B) 1,601 16,379 60,029 4,085 33,182 (B) (B) 1,386 12,900 8,709 (B)
35 to 54 years 55,310 62,651 11,050 (B) 1,138 37,456 41,431 5,139 55,668 84,556 90,812 2,453 26,310 28,157 46,641
55 to 64 years 97,684 102,820 19,535 (B) 1,275 61,226 (B) 5,995 73,762 (B) 67,794 3,830 42,198 28,393 (B)
65 years and over 131,528 132,952 25,964 89,817 3,303 78,822 (B) 5,506 90,641 125,515 54,019 12,286 52,564 40,645 58,767
               
LABOR FORCE ACTIVITY OF                
HOUSEHOLDERS UNDER 65 YEARS                
               
     Total 114,646 130,727 14,240 79,508 1,430 85,597 94,076 7,663 67,059 124,551 74,405 3,688 49,031 47,081 70,686
With labor force activity 113,195 130,467 13,307 76,457 1,437 78,728 95,250 7,651 64,901 116,801 70,413 3,486 43,897 45,665 69,218
With job entire period 119,826 138,555 13,616 79,556 1,486 78,660 93,466 7,890 65,596 114,309 70,515 3,551 43,977 46,629 72,171
With job part of period 60,909 66,624 9,778 (B) 997 72,897 136,721 5,572 53,281 154,060 64,873 2,607 40,469 29,125 (B)
No job during period,                
spent time looking                
or on layoff 51,771 56,164 6,251 32,170 743 208,759 1,658 4,602 68,423 160,475 178,123 1,465 79,931 43,298 19,887
No labor force activity 126,632 136,614 21,752 93,999 1,387 140,265 76,710 7,878 81,089 173,134 99,793 5,341 87,904 67,863 77,665
               
Monthly Household Income                
               
Lowest quintile 48,689 49,893 9,497 25,353 791 56,900 62,524 4,642 61,528 54,835 92,727 4,753 43,322 29,020 31,561
Second quintile 77,199 79,278 14,519 37,099 1,864 52,865 56,316 5,682 64,472 81,537 60,623 5,958 57,032 18,987 47,238
Third quintile 105,490 111,704 16,624 58,646 1,155 66,742 60,387 7,021 71,241 92,823 69,630 4,943 45,446 24,813 70,443
Fourth quintile 139,932 152,805 17,033 81,209 1,778 87,534 80,275 8,435 69,921 99,103 66,854 4,621 46,932 33,228 62,564
Highest quintile 309,704 354,610 28,603 159,338 2,499 153,283 152,384 11,779 99,896 183,556 80,227 6,619 66,440 75,873 135,346
               
Household Net Worth                
               
Negative or Zero -20,002 -19,232 2,823 (B) 686 -17,820 -50,990 1,793 -28,658 (B) (B) 1,073 14,198 7,751 (B)
$1 to $4,999 1,552 1,892 1,210 (B) 570 2,442 -447 2,346 3,901 (B) (B) 615 4,950 3,458 (B)
$5,000 to $9,999 6,227 7,139 2,342 (B) 852 3,850 1,623 4,962 6,888 (B) (B) 962 5,153 5,491 (B)
$10,000 to $24,999 14,544 16,708 3,412 (B) 988 5,602 3,398 6,033 13,289 (B) 14,806 1,731 8,040 8,153 (B)
$25,000 to $49,999 32,701 36,767 5,040 (B) 1,083 8,493 5,142 6,440 27,127 14,980 15,430 2,003 10,026 13,058 12,740
$50,000 to $99,999 66,405 72,900 7,916 (B) 1,415 13,796 11,969 7,831 50,737 29,194 25,403 2,707 14,218 21,279 19,528
$100,000 to $249,999 144,340 158,531 16,429 26,317 1,851 29,889 34,081 10,193 89,864 50,091 38,914 4,866 27,775 39,434 37,433
$250,000 to $499,999 314,995 345,371 36,783 42,870 3,189 83,746 86,350 12,954 133,970 101,792 69,256 8,635 54,205 77,175 69,464
$500,000 and over 1,072,017 1,169,316 80,991 188,708 6,849 395,187 441,421 16,433 220,045 275,946 172,641 14,713 154,197 204,991 220,573
               
REGION                
               
Northeast 158,368 173,779 19,522 96,379 1,546 107,620 131,096 8,110 97,634 148,959 94,523 5,623 51,117 52,541 94,369
Midwest 135,945 150,523 19,092 104,686 1,292 90,682 98,420 8,283 69,430 101,468 58,920 5,034 52,173 48,325 84,302
South 111,817 124,196 17,110 106,375 1,986 99,874 85,093 7,590 59,934 107,882 75,884 5,222 56,400 44,953 71,096
West 157,324 169,809 20,733 93,390 1,780 118,694 81,693 7,264 95,331 157,802 69,738 7,127 62,710 48,088 88,468
               
TENURE                
               
Owner 195,471 214,164 21,747 105,081 1,893 114,252 103,337 9,113 75,862 129,981 75,392 6,026 58,633 55,543 89,720
Renter 19,200 22,325 9,059 70,494 1,174 45,868 60,800 4,440 (B) 75,432 60,434 2,980 29,729 18,846 47,771
(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.
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Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: January 28, 2005