1. Before-tax family income for previous year, by selected characteristics, of families, 1989, 1992, 1995, and 1998, and percentage of families who saved, 1992, 1995 and 1998 (Thousands of 1998 dollars, except as noted) 1989 1992 1995 1998 ------------------ --------------------------- ---------------------------- --------------------------- Median Mean % of Median Mean % of f. % of Median Mean % of f % of Median Mean % of f % of fam. w sav fam. w. sav fam. w. sav fam. ------ ---- ------ ------ ---- ---- ----- ------ ------ ----- ------ ------ ------ ------ ---- All families 32.8 51.7 100.0 30.4 45.6 57.1 100.0 32.7 47.5 55.2 100.0 33.4 53.1 55.9 100.0 (1.3) (3.6) (0.7) (1.1) (0.9) (1.1) (1.0) (1.6) Income ('98 $): < $10K 6.6 6.3 15.1 6.5 6.2 27.9 14.8 6.2 5.6 31.2 15.1 6.2 5.6 30.7 12.6 $10-25K 16.5 16.9 23.9 17.5 17.2 47.8 27.0 17.9 17.4 41.4 25.4 16.9 17.1 40.2 24.8 $25-50K 35.9 36.2 29.7 36.3 36.7 63.3 29.8 36.8 36.7 60.4 31.0 35.5 35.9 58.9 28.8 $50-100K 66.4 68.9 22.7 65.7 68.8 71.4 20.7 67.6 69.3 70.4 21.0 66.0 68.8 71.8 25.2 $100K+ 144.8 235.0 8.6 140.4 195.5 83.3 7.6 147.9 218.9 86.5 7.4 142.4 239.5 81.6 8.6 By age of head (years): < 35 26.6 35.5 28.1 28.1 34.6 59.1 25.8 27.3 33.2 56.4 24.8 27.4 36.1 53.0 23.3 35-44 46.5 62.9 21.5 40.9 53.2 56.9 22.8 40.8 51.9 54.3 23.0 42.1 60.0 57.3 23.3 45-54 49.2 76.8 15.1 47.6 64.7 59.0 16.2 42.9 70.3 58.0 17.9 50.7 69.7 57.8 19.2 55-64 33.6 60.7 13.9 33.9 56.5 59.2 13.2 36.0 57.3 58.0 12.5 38.5 71.7 61.1 12.8 65-74 20.6 42.2 12.5 20.4 33.0 54.0 12.6 20.5 39.8 50.0 12.0 24.3 46.6 56.3 11.2 75 + 17.6 32.2 8.9 15.7 26.6 49.4 9.4 17.1 28.2 51.7 9.8 16.7 29.2 48.6 10.2 Educ. of head: Below HS 17.3 24.8 24.3 14.0 19.9 38.1 20.4 15.5 22.3 42.8 18.5 15.5 21.7 39.5 16.5 HS dipl 28.8 38.1 32.2 27.2 34.3 56.8 30.0 27.7 37.2 50.6 31.7 29.2 37.0 53.7 31.9 Some coll 37.2 51.8 15.7 31.6 42.2 59.5 17.8 32.7 43.2 54.1 19.0 35.5 50.8 56.7 18.5 College deg 53.1 90.7 27.8 51.5 74.7 68.1 31.9 48.7 75.9 68.2 30.7 54.7 85.5 65.6 33.2 Race/eth. of hd: W nonHisp 38.5 59.2 74.8 35.1 50.4 61.1 75.3 35.2 52.2 59.1 77.6 37.7 58.8 59.8 77.7 NW and Hisp 18.6 29.3 25.2 21.1 31.1 44.9 24.7 21.1 31.1 41.7 22.4 23.3 33.5 42.1 22.3 Work status of head: Working for someone else 40.9 52.2 57.0 39.3 50.0 63.2 54.8 39.3 51.5 60.4 58.3 40.5 53.5 59.8 59.2 Self employed 47.8 117.6 11.1 51.2 86.8 59.4 10.9 40.3 85.0 63.4 10.3 52.7 109.0 61.1 11.3 Retired 18.5 30.3 25.2 17.3 26.1 48.2 26.0 17.9 29.7 46.1 25.0 19.3 32.9 48.6 24.4 Oth. not wking 9.3 17.9 6.7 12.9 23.9 41.3 8.3 12.0 19.8 30.6 6.5 11.7 21.9 33.7 5.1 Region: N East 37.2 59.3 20.8 37.9 52.8 57.5 20.2 32.7 52.4 52.6 19.8 35.5 60.9 53.5 19.3 N Central 31.8 53.9 24.4 33.0 47.1 61.3 24.4 33.3 48.4 59.2 23.9 32.9 48.9 58.3 23.6 South 27.9 44.1 34.4 26.9 38.8 54.2 34.6 30.2 43.9 54.6 35.1 31.6 49.4 55.0 35.7 West 38.5 54.0 20.4 30.2 48.4 56.4 20.9 33.8 47.7 54.0 21.2 36.2 56.9 56.9 21.3 Housing status: Own 42.5 65.0 63.9 39.8 55.9 63.2 63.9 40.3 58.8 61.3 64.7 43.7 66.6 62.2 66.2 Rent 17.5 28.0 36.1 19.5 27.5 46.2 36.1 19.6 26.7 44.0 35.3 20.3 26.7 43.4 33.8 Net worth percentile: Bottom 25% 13.3 18.6 25.0 14.9 19.8 37.4 25.0 15.4 19.8 35.8 25.0 15.9 20.4 36.4 25.0 25-49.9 28.0 32.0 25.0 27.8 31.5 52.4 25.0 30.5 33.3 51.4 25.0 30.4 33.8 50.1 25.0 50-74.9 40.2 46.0 25.0 37.4 41.7 63.5 25.0 37.7 43.3 59.4 25.0 40.5 46.7 61.9 25.0 75-89.9 53.1 64.7 15.0 49.1 58.0 70.8 15.0 45.8 56.3 68.5 15.0 56.8 67.9 71.8 15.0 Top 10% 99.6 178.0 10.0 92.3 137.0 81.0 10.0 85.6 149.0 82.6 10.0 88.3 177.2 80.2 10.0 NOTE: In this and following tables, percentage distributions may not sum to 100 because of rounding. Dollars have been converted to 1998 values using the current-methods CPI for all urban consumers. Standard errors are shown in parentheses for the means and medians. In providing data on income, respondents were asked to base their answers on the calendar year preceding the interview. In providing data on saving, respondents were asked to base their answers on the year (i.e. not specifically the calendar year) preceding the interview. The 1989 survey did not ask families whether they had saved in preceding year. For details, see the article in the January 2000 Federal Reserve Bulletin. 2. Proportion of families citing selected reasons as most important for saving, 1989, 1992, 1995 and 1998 (Percent) Reason 1989 1992 1995 1998 Education 9.2 10.3 11.6 11.5 For the family 3.4 3.0 2.8 4.1 Buying own home 5.3 4.5 5.5 4.6 Purchases 8.4 5.8 8.1 5.7 Retirement 20.4 22.0 25.5 34.7 Liquidity 37.5 38.5 35.4 23.2 Investment 8.7 8.7 4.6 2.1 Other reasons 7.0 7.1 6.6 14.1 Memo: When asked for a reason, reported do not save 8.4 12.0 6.8 4.9 NOTE: See note to table 1. 3. Family net worth, by selected characteristics of families, 1989, 1992, 1995 and 1998 (Thousands of 1998 dollars) 1989 1992 1995 1998 --------------- --------------- ---------------- ----------------- Median Mean Median Mean Median Mean Median Mean ------ ----- ------ ----- ------ ----- ------ ----- All families 59.7 236.9 56.5 212.7 60.9 224.8 71.6 282.5 (5.2) (50.1) (3.3) (13.8) (2.4) (14.9) (4.1) (16.4) Income ('98 $): <$10K 1.9 30.5 2.9 32.1 4.8 46.6 3.6 40.0 $10-25K 22.8 72.0 27.1 69.8 31.0 80.3 24.8 85.6 $25-50K 58.1 134.2 55.6 131.4 56.7 124.0 60.3 135.4 $50-100K 131.4 247.4 129.9 245.6 126.6 258.1 152.0 275.5 $100K+ 542.1 1378.3 481.9 1300.8 511.4 1411.9 510.8 1727.8 By age of head (years): < 35 9.9 60.5 10.4 53.1 12.7 47.4 9.0 65.9 35-44 71.8 188.2 50.9 152.7 54.9 152.8 63.4 196.2 45-54 125.7 351.7 89.3 304.4 100.8 313.0 105.5 362.7 55-64 124.6 391.4 130.2 384.9 122.4 404.7 127.5 530.2 65-74 97.1 356.0 112.3 326.1 117.9 369.3 146.5 465.5 75 + 92.2 307.4 99.2 244.4 98.8 273.8 125.6 310.2 Educ. of head: Below HS 30.7 106.0 21.3 80.2 24.0 89.6 20.9 79.1 HS dipl 46.9 142.0 43.9 127.7 54.7 141.3 53.8 157.8 Some coll 58.5 237.2 65.9 195.8 49.7 201.2 73.9 237.8 College deg 141.4 460.6 112.1 387.0 110.9 407.2 146.4 528.2 Race/eth. of hd: W nonHisp 90.5 289.6 79.5 253.5 81.2 265.9 94.9 334.4 NW and Hisp 8.5 80.6 13.7 88.7 16.8 82.5 16.4 101.7 Work status of head: Working for someone else 48.3 145.0 44.7 139.6 51.9 145.2 52.4 168.9 Self employed 216.0 829.0 164.7 682.3 165.5 742.0 248.1 919.8 Retired 84.2 232.5 80.7 214.0 86.2 239.4 113.0 307.2 Oth. not wking 1.0 52.7 4.5 72.2 3.9 62.9 3.6 76.5 Region: N East 111.1 275.1 73.2 240.0 88.0 266.9 94.2 302.4 N Central 66.9 238.8 65.0 198.0 69.2 210.0 80.3 248.8 South 44.9 167.6 39.4 160.4 46.6 197.6 61.3 267.5 West 58.3 312.6 81.4 290.2 58.1 247.1 61.3 327.1 Housing status: Own 127.7 342.6 112.8 307.4 110.5 321.3 132.1 403.5 Rent 2.5 50.0 3.7 45.1 5.2 47.9 4.2 45.1 NOTE. See note to table 1. 4. Distribution of amount of financial assets of all families, by type of asset, 1989, 1992, 1995, and 1998 (Percent) 1989 1992 1995 1998 ---- ---- ---- ---- Transactions accounts 19.1 17.5 14.0 11.4 Certificates of deposit 10.2 8.1 5.7 4.3 U.S. savings bonds 1.5 1.1 1.3 0.7 Bonds 10.2 8.4 6.3 4.3 Stocks 15.0 16.5 15.7 22.7 Mutual funds (excl. money market) 5.3 7.7 12.7 12.5 Retirement accounts 21.5 25.5 27.9 27.5 Cash value of life insurance 6.0 6.0 7.2 6.4 Other managed assets 6.6 5.4 5.9 8.6 Other financial 4.8 3.8 3.4 1.7 TOTAL 100 100 100 100 Memo: Financial assets as a percentage of total assets 30.4 31.5 36.6 40.6 NOTE: For this and following tables, see the January 2000 Bulletin article for definitions of asset categories. Also see note to table 1. 5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 a. 1989 Survey of Consumer Finances (Percentage of families holding assets) Trans. Savings Mutual Retire. Life Other Other Any accts CDs bonds Bonds Stocks funds accts insurance managed finanial financial All families 85.3 19.9 23.9 5.7 16.8 7.2 37.0 35.5 3.6 13.8 88.7 Income ('98 $): < $10K 52.1 6.1 4.0 . . . 3.5 13.2 . 8.2 57.9 $10-25K 78.5 19.2 12.3 . 7.6 2.2 13.3 23.4 1.9 13.3 84.4 $25-50 93.5 21.2 26.8 4.2 13.1 6.5 41.8 36.5 2.9 14.3 96.4 $50-100 98.7 22.8 41.7 7.4 25.1 10.9 60.7 52.3 5.5 14.2 99.5 $100K+ 99.3 33.3 33.6 27.9 59.2 25.4 82.1 60.1 11.4 21.4 99.6 By age of head (years): < 35 80.1 8.6 25.9 1.5 11.0 2.0 27.1 24.8 2.5 14.7 84.8 35-44 85.9 16.6 31.6 4.1 16.4 7.6 49.3 41.3 3.2 14.6 90.2 45-54 87.5 20.1 22.6 5.2 22.1 9.6 52.2 41.2 3.5 15.4 90.6 55-64 85.4 22.4 20.2 9.8 20.8 10.2 47.4 43.3 3.5 14.0 87.5 65-74 89.9 32.0 18.7 12.1 18.6 9.4 29.9 38.7 5.5 11.8 92.0 75 + 90.3 41.7 14.0 8.1 18.9 11.3 6.3 28.7 5.9 8.0 91.4 Race/eth. of hd: W nonhisp 92.4 25.0 28.0 7.2 21.0 9.3 43.4 40.0 4.5 14.5 95.0 NW and hisp 64.4 4.7 11.6 1.1 4.6 1.0 18.0 22.3 1.1 11.5 70.0 Work status of head: Working for someone else 88.9 15.1 29.8 3.9 16.8 6.4 46.7 37.1 3.6 14.6 92.5 Self employed 96.1 24.2 23.8 10.4 24.8 11.9 44.4 47.5 3.8 20.2 98.6 Retired 83.7 32.6 15.8 8.7 16.5 8.8 19.9 32.7 4.3 9.8 85.5 Oth. not wking 43.3 4.9 . . 4.8 . 6.4 12.3 . 10.6 50.9 Housing status: Own home 94.4 25.3 29.2 7.7 22.7 10.0 48.6 45.5 4.9 13.2 95.9 Rent 69.3 10.2 14.5 2.2 6.4 2.3 16.5 17.8 1.4 14.7 76.0 Net worth percentile: Bottom 25% 56.1 . 8.7 . 1.6 . 7.5 13.3 . 9.2 63.3 25-49.9 89.0 14.2 19.2 . 9.6 3.1 30.1 28.7 . 15.8 93.4 50-74.9 97.2 25.8 32.6 2.8 15.4 6.7 43.0 45.4 3.8 10.5 98.2 75-89.9 98.4 34.3 36.5 10.9 30.8 12.0 65.5 50.2 6.6 14.9 99.6 Top 10% 100.0 44.3 32.6 30.1 55.6 29.4 70.0 61.0 13.2 26.5 100.0 5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 b. 1992 Survey of Consumer Finances (Percentage of families holding assets) Trans. Savings Mutual Retire. Life Other Other Any accts CDs bonds Bonds Stocks funds accts insurance managed finanial financial All families 86.9 16.7 22.3 4.3 17.0 10.4 39.6 34.9 4.0 10.8 90.2 Income ('98 $): < $10K 58.7 8.0 4.8 . 3.6 2.7 4.9 14.4 . 9.1 65.1 $10-25K 82.4 16.8 11.3 1.8 7.2 4.9 20.3 25.3 2.7 9.3 86.8 $25-50 93.7 16.7 25.5 3.1 16.0 11.2 43.9 39.8 3.5 11.8 97.1 $50-100 98.4 21.3 39.9 5.7 28.2 14.5 67.7 46.5 6.4 10.6 99.5 $100K+ 99.4 21.0 34.9 20.8 51.5 30.3 82.9 57.9 11.1 16.7 99.4 By age of head (years): < 35 81.2 7.4 22.8 1.5 10.8 5.2 31.4 25.5 1.7 12.6 85.7 35-44 86.8 9.0 29.3 2.5 19.4 10.0 49.7 36.0 3.0 11.0 91.0 45-54 88.9 15.9 25.2 5.6 18.7 9.4 51.3 38.5 5.5 11.3 92.5 55-64 90.2 20.5 19.4 5.0 22.0 15.9 52.2 42.3 5.1 10.7 92.5 65-74 88.8 31.2 13.8 7.5 16.2 14.3 35.1 39.5 5.8 10.1 91.2 75 + 91.8 37.7 14.3 8.5 19.4 14.4 6.3 34.9 5.9 5.9 92.1 Race/eth. of hd: W nonhisp 93.1 19.8 26.0 5.3 20.6 12.8 45.1 38.6 4.9 11.8 95.5 NW and hisp 67.9 7.2 11.2 1.2 5.9 3.2 22.9 23.5 1.2 8.0 74.1 Work status of head: Working for someone else 89.8 11.8 27.7 3.3 18.3 10.3 49.7 36.7 3.9 10.5 93.2 Self employed 95.8 18.5 23.1 7.2 25.7 14.7 49.4 41.1 2.6 18.9 98.1 Retired 85.8 30.2 14.5 6.1 14.5 11.5 21.9 34.2 5.5 6.9 88.2 Oth. not wking 59.0 4.8 10.0 1.1 4.6 2.2 16.0 16.6 1.6 14.9 66.6 Housing status: Own home 94.0 21.6 27.4 5.9 22.4 13.8 48.9 43.2 5.3 9.7 95.6 Rent 74.3 8.1 13.2 1.3 7.4 4.4 23.3 20.2 1.7 12.9 80.6 Net worth percentile: Bottom 25% 64.9 1.6 9.1 . 2.3 . 11.9 12.3 . 7.4 71.3 25-49.9 87.4 9.6 19.2 . 8.5 4.2 32.1 32.2 . 10.4 92.0 50-74.9 95.7 22.5 28.9 2.0 17.2 10.2 46.4 40.6 4.3 11.8 97.9 75-89.9 99.3 31.8 33.7 8.0 31.1 21.7 64.3 50.3 7.9 11.6 99.5 Top 10% 99.7 35.4 29.3 23.5 53.4 34.1 73.8 60.5 13.9 16.7 99.9 5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 c. 1995 Survey of Consumer Finances (Percentage of families holding assets) Trans. Savings Mutual Retire. Life Other Other Any accts CDs bonds Bonds Stocks funds accts insurance managed finanial financial All families 87.0 14.3 22.8 3.1 15.2 12.3 45.2 32.0 3.9 11.1 91.0 Income ('98 $): < $10K 59.2 7.9 5.3 . 2.3 1.3 7.9 15.2 . 9.5 67.4 $10-25K 82.3 15.6 12.4 . 8.4 4.9 25.1 24.8 3.1 8.3 87.8 $25-50 93.4 13.8 25.7 2.7 13.9 12.2 52.5 32.3 4.3 13.1 97.0 $50-100 98.7 16.2 38.0 4.6 24.7 20.9 71.6 44.8 5.3 11.6 99.5 $100K+ 99.8 20.0 38.2 14.6 43.6 36.7 84.3 52.6 8.1 14.7 100.0 By age of head (years): < 35 80.4 7.2 20.4 . 10.8 8.0 40.7 22.8 1.6 13.8 86.9 35-44 87.2 8.1 31.0 1.7 14.6 11.2 54.3 29.3 3.5 10.9 91.8 45-54 88.8 12.5 25.3 4.5 17.7 16.3 57.4 38.4 3.0 12.9 92.8 55-64 88.4 17.1 20.3 3.1 15.0 16.3 50.9 37.4 7.7 9.3 90.8 65-74 91.3 24.0 17.0 5.6 18.6 15.0 36.6 37.5 5.9 10.0 92.6 75 + 93.2 34.7 15.3 7.0 19.7 10.3 15.7 35.8 5.2 5.4 94.2 Race/eth. of hd: W nonhisp 92.5 16.7 26.2 3.8 18.2 14.8 49.1 34.0 4.8 11.7 94.9 NW and hisp 68.1 6.2 10.8 0.6 5.1 3.6 31.5 24.8 1.0 9.1 77.4 Work status of head: Working for someone else 89.6 10.4 26.6 2.5 15.3 12.4 55.8 32.2 3.6 11.8 94.1 Self employed 91.5 18.7 25.8 5.3 18.7 19.0 50.7 41.9 3.1 16.8 94.6 Retired 86.6 23.4 15.3 4.2 16.5 11.5 24.9 32.0 5.3 7.1 88.7 Oth. not wking 58.1 7.8 12.6 . 4.3 4.3 18.4 13.7 . 11.5 65.2 Housing status: Own home 95.0 17.4 28.3 4.3 19.2 16.0 54.3 38.8 5.0 9.5 96.5 Rent 72.4 8.7 12.7 0.9 7.9 5.5 28.4 19.4 1.9 14.0 80.8 Net worth percentile: Bottom 25% 63.7 1.8 8.4 . 2.9 1.9 15.1 11.3 . 9.1 71.6 25-49.9 89.1 8.7 19.9 . 8.8 5.3 41.9 27.4 1.9 10.7 94.3 50-74.9 96.1 17.7 27.3 1.4 13.5 11.3 51.8 38.4 3.4 11.3 97.9 75-89.9 98.7 27.1 34.8 4.9 29.2 23.4 66.3 47.3 6.3 10.9 100.0 Top 10% 99.7 32.2 36.5 18.2 45.6 41.8 80.2 56.1 14.5 17.3 100.0 5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 d. 1998 Survey of Consumer Finances (Percentage of families holding assets) Trans. Savings Mutual Retire. Life Other Other Any accts CDs bonds Bonds Stocks funds accts insurance managed finanial financial All families 90.5 15.3 19.3 3.0 19.2 16.5 48.8 29.6 5.9 9.4 92.9 Income ('98 $): < $10K 61.9 7.7 3.5 . 3.8 1.9 6.4 15.7 . 8.0 70.6 $10-25K 86.5 16.8 10.2 1.3 7.2 7.6 25.4 20.9 4.9 8.2 89.9 $25-50 95.8 15.9 20.4 2.4 17.7 14.0 54.2 28.1 3.9 10.2 97.3 $50-100 99.3 16.4 30.6 3.3 27.7 25.8 73.5 39.8 8.0 9.1 99.8 $100K+ 100.0 16.8 32.3 12.2 56.6 44.8 88.6 50.1 15.8 12.7 100.0 By age of head (years): < 35 84.6 6.2 17.2 1.0 13.1 12.2 39.8 18.0 1.9 10.1 88.6 35-44 90.5 9.4 24.9 1.5 18.9 16.0 59.5 29.0 3.9 11.8 93.3 45-54 93.5 11.8 21.8 2.8 22.6 23.0 59.2 32.9 6.5 9.1 94.9 55-64 93.9 18.6 18.1 3.5 25.0 15.2 58.3 35.8 6.5 8.4 95.6 65-74 94.1 29.9 16.1 7.2 21.0 18.0 46.1 39.1 11.8 7.3 95.6 75 + 89.7 35.9 12.0 5.9 18.0 15.1 16.7 32.6 11.6 6.4 92.1 Race/eth. of hd: W nonhisp 94.7 17.9 22.2 3.7 22.1 18.8 53.7 32.1 7.1 9.7 96.3 NW and hisp 75.8 6.4 9.2 0.4 9.1 8.4 32.0 20.8 1.7 8.3 81.2 Work status of head: Working for someone else 92.7 11.1 21.8 1.9 19.5 16.6 58.9 27.5 4.2 9.4 94.8 Self employed 95.4 11.7 20.2 5.4 26.5 24.8 53.5 39.5 8.7 14.1 96.9 Retired 87.2 28.8 14.4 5.1 17.1 14.8 28.8 32.4 9.9 6.8 90.3 Oth. not wking 69.1 7.6 11.8 . 8.8 4.8 17.5 17.6 . 10.9 75.2 Housing status: Own home 96.2 18.9 23.3 3.8 24.9 21.0 58.4 36.9 7.7 8.7 97.5 Rent 79.2 8.3 11.5 1.3 8.0 7.5 30.1 15.2 2.4 10.8 84.1 Net worth percentile: Bottom 25% 72.1 3.0 7.0 . 3.1 2.1 18.4 10.8 . 7.9 78.0 25-49.9 91.4 9.8 16.3 . 9.4 8.7 44.2 23.7 2.3 10.0 94.7 50-74.9 98.5 19.7 23.9 2.2 18.8 15.1 56.4 35.6 5.9 8.3 99.1 75-89.9 99.7 30.0 27.9 3.4 36.3 35.7 71.9 45.7 10.1 10.2 99.9 Top 10% 100.0 26.9 33.1 16.9 58.9 46.4 82.9 52.1 22.2 13.1 100.0 5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 a (cont). 1989 Survey of Consumer Finances Median value of holdings for families holding such assets (Thousands of 1998 dollars) Trans. Savings Mutual Retire. Life Other Other Any accts CDs bonds Bonds Stocks funds accts insurance managed finanial financial All families 2.7 15.3 0.8 35.7 9.5 15.3 14.0 3.8 31.8 2.5 14.4 Income ('98 $): < $10K 0.6 16.6 0.2 . . . 7.6 1.1 . 1.0 1.3 $10-25K 1.3 12.7 1.0 . 6.4 15.3 3.8 1.9 25.5 1.4 3.8 $25-50 2.5 15.3 0.8 20.4 5.1 6.4 9.5 2.5 19.1 2.5 11.5 $50-100 4.5 12.7 0.6 16.6 6.4 16.9 16.6 5.7 25.5 3.8 26.7 $100K+ 20.7 27.0 1.3 50.9 20.4 29.3 59.3 12.7 95.5 25.5 196.6 By age of head (years): < 35 1.4 5.1 0.6 8.9 3.8 1.5 5.1 2.3 11.5 0.9 3.4 35-44 2.8 8.9 0.6 12.7 4.6 5.1 12.2 4.2 22.9 2.7 17.9 45-54 3.4 11.5 0.6 12.7 6.4 15.3 20.4 5.7 12.7 3.8 23.2 55-64 4.2 19.1 2.3 44.6 25.5 31.8 30.0 6.4 89.1 6.4 33.3 65-74 4.5 25.5 1.9 44.6 31.8 21.0 19.7 2.5 61.1 10.2 24.8 75 + 6.4 36.9 3.8 35.7 31.8 38.2 20.4 2.5 40.7 12.7 37.5 Race/eth. of hd: W nonhisp 3.4 15.3 0.8 35.7 10.8 15.3 15.3 4.1 39.5 3.8 20.1 NW and hisp 1.5 14.0 0.6 31.8 2.9 25.5 7.6 2.2 10.2 1.0 2.6 Work status of head: Working for someone else 2.5 8.9 0.6 12.7 5.1 6.4 11.8 3.8 22.9 1.9 11.8 Self employed 5.6 19.1 0.6 44.6 12.7 26.7 28.0 7.6 76.4 6.4 23.6 Retired 4.5 28.0 2.5 38.2 26.7 29.3 19.1 2.5 57.3 10.2 26.7 Oth. not wking 1.0 2.5 . . 38.2 . 2.5 1.3 . 0.8 1.5 Housing status: Own home 4.0 19.1 0.8 35.7 10.2 17.8 17.8 4.2 31.8 5.1 25.2 Rent 1.3 8.0 0.6 25.3 6.4 2.5 5.1 2.3 28.0 1.3 2.8 Net worth percentile: Bottom 25% 0.6 . 0.3 . 0.3 . 1.5 1.0 . 0.8 1.0 25-49.9 1.9 6.4 0.6 . 2.2 2.0 5.0 2.4 . 1.9 7.0 50-74.9 3.4 12.7 0.6 8.9 3.8 7.6 12.7 3.8 11.5 3.8 22.6 75-89.9 7.8 25.5 1.3 25.5 15.3 15.3 30.6 6.4 40.7 6.4 87.7 Top 10% 28.6 50.9 2.1 89.1 38.2 38.2 61.1 11.5 114.6 19.1 303.7 5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 b (cont). 1992 Survey of Consumer Finances Median value of holdings for families holding such assets (Thousands of 1998 dollars) Trans. Savings Mutual Retire. Life Other Other Any accts CDs bonds Bonds Stocks funds accts insurance managed finanial financial All families 2.6 12.6 0.7 34.3 9.1 18.3 16.0 3.5 22.8 2.9 13.1 Income ('98 $): < $10K 0.5 6.9 0.3 . 4.0 16.0 8.0 1.1 . 1.1 1.1 $10-25K 1.3 14.8 0.5 14.8 4.6 8.0 5.7 1.7 18.3 2.3 4.2 $25-50 2.4 12.6 0.6 36.5 5.5 17.1 8.6 2.9 22.8 2.3 12.1 $50-100 5.1 11.4 0.9 22.8 5.9 25.1 25.1 5.7 16.0 3.4 38.8 $100K+ 21.2 22.8 1.1 92.5 40.0 29.7 57.1 11.4 62.8 28.5 191.8 By age of head (years): < 35 1.5 5.1 0.5 11.4 2.3 2.9 5.0 2.1 22.8 1.1 4.2 35-44 2.3 5.7 0.7 22.8 4.6 20.0 10.5 4.0 9.1 3.4 11.4 45-54 3.4 9.1 0.9 45.7 11.9 17.1 30.8 5.1 22.8 5.7 21.8 55-64 3.4 17.1 1.1 57.1 14.8 28.5 34.3 7.6 45.7 5.7 32.5 65-74 4.3 22.8 0.9 36.5 17.1 32.0 22.8 2.6 33.3 8.0 29.1 75 + 4.6 26.8 1.3 40.0 28.5 24.0 32.0 2.2 22.8 5.7 24.0 Race/eth. of hd: W nonhisp 3.3 12.6 0.7 34.3 9.1 18.3 17.1 3.5 25.3 3.4 17.8 NW and hisp 1.1 9.1 0.6 33.7 5.7 18.3 9.1 3.5 10.3 1.4 3.4 Work status of head: Working for someone else 2.3 8.0 0.6 28.5 5.7 13.7 13.2 3.7 22.8 2.3 11.7 Self employed 5.7 11.4 0.6 57.1 11.9 28.5 28.5 7.3 108.5 8.0 22.8 Retired 3.4 22.8 1.1 36.5 18.1 28.5 20.6 2.6 22.8 6.9 19.0 Oth. not wking 1.1 7.4 0.6 50.9 11.9 12.1 10.0 5.1 6.9 2.1 3.4 Housing status: Own home 3.9 13.1 0.8 34.3 11.4 20.6 20.1 4.0 22.8 5.7 24.7 Rent 1.1 8.6 0.6 28.5 3.7 11.4 4.9 2.3 22.8 1.7 3.2 Net worth percentile: Bottom 25% 0.5 1.5 0.3 . 0.6 . 1.1 0.9 . 0.7 0.9 25-49.9 1.6 5.7 0.5 . 2.3 4.7 4.6 2.1 . 2.3 6.9 50-74.9 3.5 11.4 0.6 12.6 4.5 10.3 15.2 3.4 12.0 3.3 25.2 75-89.9 7.2 20.6 1.1 20.6 11.4 19.4 32.5 5.7 18.3 6.3 84.1 Top 10% 26.6 34.3 2.3 109.6 51.4 57.1 85.6 11.4 75.0 34.3 286.1 5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 c (cont). 1995 Survey of Consumer Finances Median value of holdings for families holding such assets (Thousands of 1998 dollars) Trans. Savings Mutual Retire. Life Other Other Any accts CDs bonds Bonds Stocks funds accts insurance managed finanial financial All families 2.3 10.6 1.1 31.1 9.6 21.2 18.1 5.3 31.9 3.2 16.5 Income ('98 $): < $10K 0.7 7.4 0.3 . 1.6 26.6 5.3 2.1 . 2.1 1.4 $10-25K 1.3 10.6 0.8 . 6.4 9.2 11.1 3.2 15.9 1.9 5.9 $25-50 2.0 10.6 0.7 30.8 6.4 13.8 10.6 5.0 22.3 2.1 13.3 $50-100 4.4 13.8 1.3 15.9 7.4 17.8 24.6 7.4 42.5 5.0 44.0 $100K+ 15.9 19.1 1.6 61.6 23.4 63.4 88.2 13.8 65.9 13.8 218.5 By age of head (years): < 35 1.3 5.6 0.5 . 3.2 5.8 6.4 3.7 4.8 1.1 5.7 35-44 2.1 5.6 1.1 11.7 4.8 10.6 15.6 5.6 11.5 2.1 14.6 45-54 3.2 12.7 1.1 26.6 10.6 22.3 29.7 8.3 60.3 5.3 29.7 55-64 3.3 14.9 1.6 10.6 20.6 59.5 33.6 5.6 53.1 10.6 34.8 65-74 3.5 21.2 1.6 53.1 21.2 58.4 30.3 5.3 37.2 9.6 22.5 75 + 5.3 13.8 5.1 42.5 19.1 53.1 25.0 5.3 69.0 37.2 24.3 Race/eth. of hd: W nonhisp 2.6 11.2 1.1 31.1 9.8 22.3 19.5 5.3 31.9 4.2 19.9 NW and hisp 1.5 10.6 0.5 28.7 2.5 6.8 12.7 5.6 6.4 1.4 6.2 Work status of head: Working for someone else 2.1 8.5 1.0 18.9 6.1 13.8 17.0 5.8 15.4 2.1 15.6 Self employed 4.8 17.0 0.9 53.1 19.1 26.6 26.0 6.4 45.7 4.2 26.5 Retired 3.2 16.5 2.7 41.4 20.2 53.1 27.6 4.5 53.1 10.6 20.6 Oth. not wking 0.6 9.0 0.4 . 5.5 24.4 12.7 3.7 . 5.3 2.7 Housing status: Own home 3.2 11.7 1.1 41.4 10.6 23.4 21.5 6.4 37.2 5.3 26.0 Rent 1.3 8.5 1.1 7.4 3.9 10.6 7.6 3.7 14.9 1.7 4.9 Net worth percentile: Bottom 25% 0.6 1.4 0.2 . 0.6 2.1 1.3 1.3 . 0.9 1.1 25-49.9 1.5 5.3 0.6 . 1.9 3.7 8.0 3.6 9.0 1.6 8.9 50-74.9 2.7 10.6 1.1 10.6 5.0 10.6 17.0 5.3 11.5 4.2 26.2 75-89.9 7.0 15.9 1.6 21.2 10.6 22.3 37.7 7.4 26.6 10.6 88.6 Top 10% 20.7 37.2 2.9 74.4 53.1 86.0 104.1 18.1 125.3 31.9 341.0 5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 d (cont). 1998 Survey of Consumer Finances Median value of holdings for families holding such assets (Thousands of 1998 dollars) Trans. Savings Mutual Retire. Life Other Other Any accts CDs bonds Bonds Stocks funds accts insurance managed finanial financial All families 3.1 15.0 1.0 44.8 17.5 25.0 24.0 7.3 31.5 3.0 22.4 Income ('98 $): < $10K 0.5 7.0 1.8 . 14.0 6.0 7.5 3.0 . 0.5 1.1 $10-25K 1.3 20.0 1.0 8.4 10.0 26.0 8.0 5.0 30.0 1.1 4.8 $25-50 2.5 14.5 0.6 25.0 8.0 11.0 13.0 5.0 15.0 2.0 17.6 $50-100 6.0 13.3 1.0 19.0 15.0 25.0 31.0 9.5 32.0 5.0 57.2 $100K+ 19.0 22.0 1.5 108.0 55.0 65.0 93.0 18.0 100.0 25.0 244.3 By age of head (years): < 35 1.5 2.5 0.5 3.0 5.0 7.0 7.0 2.7 19.4 1.0 4.5 35-44 2.8 8.0 0.7 55.3 12.0 14.0 21.0 8.5 25.0 2.5 22.9 45-54 4.5 11.5 1.0 31.7 24.0 30.0 34.0 10.0 39.3 6.0 37.8 55-64 4.1 17.0 1.5 100.0 21.0 58.0 46.8 9.5 65.0 10.0 45.6 65-74 5.6 20.0 2.0 52.0 50.0 60.0 38.0 8.5 41.3 6.0 45.8 75 + 6.1 30.0 5.0 18.8 50.0 59.0 30.0 5.0 30.0 8.2 36.6 Race/eth. of hd: W nonhisp 3.7 17.0 1.0 46.0 20.0 29.0 26.0 7.5 32.0 4.0 29.9 NW and hisp 1.5 6.3 0.7 14.2 9.0 10.0 13.0 5.0 23.0 1.0 6.4 Work status of head: Working for someone else 2.7 9.0 0.7 15.0 10.0 16.0 20.0 7.0 30.0 1.8 19.0 Self employed 6.3 22.0 0.9 150.0 52.0 40.0 49.5 11.5 39.3 7.0 45.0 Retired 5.0 24.0 2.5 50.0 50.0 55.0 31.0 6.0 32.0 7.0 32.8 Oth. not wking 1.0 10.0 0.8 . 11.0 17.5 15.0 5.0 . 0.5 2.5 Housing status: Own home 5.0 18.0 1.0 41.5 20.0 30.0 30.0 8.0 32.0 5.0 41.2 Rent 1.1 10.0 0.6 50.0 8.0 12.0 7.5 5.0 23.0 1.0 3.4 Net worth percentile: Bottom 25% 0.6 1.5 0.2 . 0.7 1.5 2.0 1.2 . 0.5 1.1 25-49.9 1.7 6.2 0.5 . 3.0 6.0 8.1 5.0 10.0 1.8 10.4 50-74.9 4.8 15.0 1.0 10.0 8.0 14.0 28.0 7.0 21.4 6.0 42.7 75-89.9 10.5 25.0 2.0 25.0 26.3 35.3 59.8 10.0 23.4 7.0 144.4 Top 10% 23.0 44.0 2.0 100.0 85.0 107.0 125.0 20.0 120.0 20.0 456.8 NOTE. See note to table 1. . = 10 or fewer observations. 6. Direct and indirect stock ownership, by selected characteristics of families, 1989, 1992, 1995 and 1998 (Percent, except as noted) Families having direct Median value among families or indirect stock holdings/1 with holdings Stockholdings' share of groups' (thousands of 1998 dollars) financial assets ------------------------------- ----------------------------- ----------------------------------- 1989 1992 1995 1998 1989 1992 1995 1998 1989 1992 1995 1998 All families 31.6 36.7 40.4 48.8 10.8 12.0 15.4 25.0 27.8 33.7 40.0 53.9 Income ('98 $): < $10K . 6.8 5.4 7.7 . 6.2 3.2 4.0 . 15.9 12.9 24.8 $10-25K 12.7 17.8 22.2 24.7 6.4 4.6 6.4 9.0 11.7 15.3 26.7 27.5 $25-50 31.5 40.2 45.4 52.7 6.0 7.2 8.5 11.5 16.9 23.7 30.3 39.1 $50-100 51.5 62.5 65.4 74.3 10.2 15.4 23.6 35.7 23.2 33.5 39.9 48.8 $100K+ 81.8 78.3 81.6 91.0 53.5 71.9 85.5 150.0 35.3 40.2 46.4 63.0 By age of head (years): < 35 22.4 28.3 36.6 40.7 3.8 4.0 5.4 7.0 20.2 24.8 27.2 44.8 35-44 38.9 42.4 46.4 56.5 6.6 8.6 10.6 20.0 29.2 31.0 39.5 54.7 45-54 41.8 46.4 48.9 58.6 16.7 17.1 27.6 38.0 33.5 40.6 42.9 55.7 55-64 36.2 45.3 40.0 55.9 23.4 28.5 32.9 47.0 27.6 37.3 44.4 58.3 65-74 26.7 30.2 34.4 42.6 25.8 18.3 36.1 56.0 26.0 31.6 35.8 51.3 75 + 25.9 25.7 27.9 29.4 31.8 28.5 21.2 60.0 25.0 25.4 39.8 48.7 NOTE. See note to table 1. /1 Indirect holdings are those in mutual funds, retirement accounts, and other managed assets. . = 10 or fewer observations. 7. Distribution of amount of nonfinancial assets of all families, by type of asset, 1989, 1992, 1995 and 1998 (Percent) 1989 1992 1995 1998 Vehicles 5.6 5.7 7.1 6.5 Primary residence 45.9 47.0 47.4 47.1 Other residential property 8.1 8.5 8.0 8.5 Equity in nonresidential property 11.0 10.9 7.9 7.7 Business equity 26.9 26.3 27.3 28.5 Other nonfinancial 2.5 1.6 2.3 1.7 TOTAL 100 100 100 100 MEMO: Nonfinancial assets as a share of total assets 69.6 68.5 63.4 59.4 NOTE. See note to table 1. 8. Family holdings of nonfinancial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 a. 1989 Survey of Consumer Finances (Percentage of families holding assets) Vehicles Primary Other Nonres. Business Other Any nonfin Any residence res prop. prop. nonfin. assets assets All families 83.8 63.9 13.1 11.3 11.6 12.4 89.2 94.6 Income ('98 $): < $10K 46.6 31.5 . . 2.7 5.7 61.5 77.0 $10-25K 77.8 50.8 6.3 7.1 6.4 7.0 84.6 92.5 $25-50 94.6 66.0 12.9 9.8 10.7 13.3 96.5 99.8 $50-100 96.6 84.7 17.8 16.6 15.4 16.6 99.2 99.8 $100K+ 94.5 94.3 38.3 30.5 34.9 24.4 99.2 100.0 By age of head (years): < 35 81.4 39.4 3.8 4.3 8.7 9.8 83.9 92.3 35-44 88.9 66.1 12.3 12.6 17.6 14.0 91.6 95.0 45-54 90.8 76.5 20.4 16.0 15.2 15.6 93.1 94.9 55-64 86.3 80.1 20.4 17.5 12.1 13.9 91.2 94.8 65-74 81.5 77.7 19.5 15.4 7.8 12.9 92.7 97.4 75 + 66.1 69.9 12.2 6.8 5.2 8.0 85.4 96.4 Race/eth. of hd: W nonhisp 89.2 70.5 14.8 12.8 13.7 14.6 94.1 98.4 NW and hisp 67.6 44.4 8.1 6.8 5.6 5.8 74.8 83.5 Work status of head: Working for someone else 89.8 62.1 11.6 9.7 6.9 12.4 92.1 97.0 Self employed 94.2 73.1 22.2 26.6 59.3 21.2 98.3 100.0 Retired 74.6 72.8 14.8 10.5 3.9 9.4 87.1 93.8 Oth. not wking 49.4 30.5 5.0 . . 8.7 57.6 68.5 Housing status: Own home 92.9 100.0 17.4 14.9 14.7 14.5 100.0 100.0 Rent 67.6 . 5.7 4.9 6.1 8.5 70.2 85.1 Net worth percentile: Bottom 25% 58.3 8.6 . . . 3.3 61.5 78.5 25-49.9 87.4 61.0 5.3 5.3 5.8 10.6 96.1 100.0 50-74.9 94.7 92.2 12.4 13.5 10.1 13.1 99.5 100.0 75-89.9 95.1 94.0 26.1 17.5 18.0 17.8 99.5 100.0 Top 10% 93.8 93.3 44.8 37.3 46.8 29.2 99.9 100.0 8. Family holdings of nonfinancial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 b. 1992 Survey of Consumer Finances (Percentage of families holding assets) Vehicles Primary Other Nonres. Business Other Any nonfin Any residence res prop. prop. nonfin. assets assets All families 86.1 63.9 12.7 9.6 11.9 8.3 90.8 95.8 Income ('98 $): < $10K 50.5 36.1 2.7 1.3 2.8 5.1 63.6 79.4 $10-25K 84.4 54.7 6.7 6.6 7.0 4.5 89.3 96.3 $25-50 94.4 66.4 11.7 8.9 11.1 9.0 97.5 99.8 $50-100 97.8 82.6 19.6 13.6 16.0 10.1 99.3 99.8 $100K+ 97.1 90.4 38.0 27.5 39.3 21.2 99.5 100.0 By age of head (years): < 35 83.7 36.9 4.6 4.3 8.5 8.2 85.6 92.9 35-44 88.7 64.5 11.8 7.2 15.9 9.4 92.3 96.7 45-54 92.9 75.4 15.9 13.6 15.7 9.8 94.4 96.8 55-64 87.1 77.5 21.9 18.7 16.1 6.4 92.7 96.9 65-74 86.1 79.3 17.9 11.5 8.5 6.5 91.6 96.8 75 + 73.0 77.2 11.3 7.3 3.9 8.8 91.3 97.5 Race/eth. of hd: W nonhisp 90.9 70.3 14.5 10.9 13.6 9.7 95.0 98.8 NW and hisp 71.5 44.4 6.9 5.6 7.0 4.1 77.9 86.7 Work status of head: Working for someone else 91.2 61.3 11.2 8.4 7.0 9.4 93.6 97.9 Self employed 95.4 76.7 22.5 20.4 62.8 12.0 98.2 99.0 Retired 78.8 73.5 13.8 9.4 4.1 5.4 89.0 95.6 Oth. not wking 62.9 34.0 5.4 3.2 2.2 5.6 67.6 78.7 Housing status: Own home 93.5 100.0 16.6 12.2 14.9 9.4 100.0 100.0 Rent 73.0 . 5.7 4.8 6.7 6.5 74.5 88.5 Net worth percentile: Bottom 25% 65.7 10.8 . . 1.6 3.2 67.2 83.3 25-49.9 88.9 64.3 5.5 3.5 6.2 5.3 96.9 100.0 50-74.9 93.2 87.0 11.7 9.4 11.9 9.2 99.3 100.0 75-89.9 96.6 93.1 23.4 17.0 17.2 12.1 99.7 100.0 Top 10% 96.2 94.1 45.8 35.4 44.4 21.0 99.9 100.0 8. Family holdings of nonfinancial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 c. 1995 Survey of Consumer Finances (Percentage of families holding assets) Vehicles Primary Other Nonres. Business Other Any nonfin Any residence res prop. prop. nonfin. assets assets All families 84.1 64.7 11.8 9.4 11.1 9.0 90.9 96.3 Income ('98 $): < $10K 54.9 36.1 3.9 4.0 4.8 3.8 66.8 83.0 $10-25K 82.3 54.9 7.0 5.5 6.6 5.9 89.4 96.0 $25-50 91.7 67.0 9.9 8.0 9.4 9.4 96.4 99.7 $50-100 93.4 84.5 16.7 14.5 16.3 11.0 98.8 100.0 $100K+ 91.6 91.1 38.4 24.5 31.5 23.0 99.5 100.0 By age of head (years): < 35 83.8 37.9 4.2 3.6 8.3 7.2 87.1 94.3 35-44 84.7 64.7 9.7 7.1 14.3 10.0 90.6 96.0 45-54 88.2 75.3 16.3 14.3 15.5 11.4 93.6 97.3 55-64 88.4 82.0 19.9 13.4 12.7 10.2 93.9 96.4 65-74 82.5 79.5 16.1 16.2 8.7 9.0 92.6 97.7 75 + 72.2 72.8 12.2 6.4 3.7 5.6 89.9 98.4 Race/eth. of hd: W nonhisp 88.2 70.6 13.2 10.4 12.8 10.6 95.1 98.6 NW and hisp 69.7 44.3 7.1 5.7 5.3 3.6 76.3 88.5 Work status of head: Working for someone else 89.9 63.8 10.3 8.0 6.9 9.6 93.9 98.6 Self employed 86.1 74.5 21.3 22.2 58.1 15.5 96.0 97.8 Retired 76.2 70.6 13.1 8.5 3.3 5.8 88.1 95.6 Oth. not wking 59.0 34.4 5.0 4.2 4.0 5.9 66.2 76.9 Housing status: Own home 90.9 100.0 15.1 12.1 13.7 10.5 100.0 100.0 Rent 71.6 . 5.7 4.4 6.3 6.3 74.1 89.6 Net worth percentile: Bottom 25% 65.4 13.7 . 0.9 1.6 3.0 68.4 85.3 25-49.9 87.8 64.1 5.4 4.5 5.7 7.0 96.3 100.0 50-74.9 90.9 88.3 11.1 9.0 12.3 10.5 99.0 100.0 75-89.9 92.3 92.2 21.3 15.8 16.5 12.4 99.8 100.0 Top 10% 92.3 93.5 42.6 33.8 37.1 20.3 99.9 100.0 8. Family holdings of nonfinancial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 d. 1998 Survey of Consumer Finances (Percentage of families holding assets) Vehicles Primary Other Nonres. Business Other Any nonfin Any residence res prop. prop. nonfin. assets assets All families 82.8 66.2 12.8 8.6 11.5 8.5 89.9 96.8 Income ('98 $): < $10K 51.3 34.5 . . 3.8 2.6 62.7 83.8 $10-25K 78.0 51.7 5.8 5.0 5.0 5.6 85.9 96.4 $25-50 89.6 68.2 11.4 7.6 10.3 9.4 95.6 99.2 $50-100 93.6 85.0 19.0 12.0 15.0 10.2 98.0 100.0 $100K+ 88.7 93.3 37.3 22.6 34.7 17.1 98.9 100.0 By age of head (years): < 35 78.3 38.9 3.5 2.7 7.2 7.3 83.3 94.8 35-44 85.8 67.1 12.2 7.5 14.7 8.8 92.0 97.6 45-54 87.5 74.4 16.2 12.2 16.2 9.2 92.9 96.7 55-64 88.7 80.3 20.4 10.4 14.3 8.5 93.8 98.2 65-74 83.4 81.5 18.4 15.3 10.1 10.3 92.0 98.5 75 + 69.8 77.0 13.6 8.1 2.7 7.0 87.2 96.4 Race/eth. of hd: W nonhisp 87.3 71.8 14.1 9.4 13.2 10.0 93.8 98.8 NW and hisp 67.2 46.8 8.4 5.8 5.4 3.1 76.4 89.9 Work status of head: Working for someone else 87.6 63.5 10.6 6.7 5.5 8.8 92.4 98.2 Self employed 89.5 81.3 25.3 17.7 63.4 13.3 98.1 99.2 Retired 73.3 72.4 14.3 10.1 3.6 6.4 85.2 94.7 Oth. not wking 58.5 35.8 4.5 . 3.7 . 66.3 85.7 Housing status: Own home 90.6 100.0 16.8 11.3 14.5 9.5 100.0 100.0 Rent 67.6 . 5.1 3.3 5.4 6.4 70.1 90.7 Net worth percentile: Bottom 25% 62.3 14.1 . . 1.4 2.5 65.2 87.4 25-49.9 87.4 67.2 5.8 3.5 6.5 8.0 96.1 100.0 50-74.9 90.4 89.3 11.8 7.9 10.6 8.9 99.1 100.0 75-89.9 90.8 94.0 26.2 16.7 17.9 11.4 99.3 100.0 Top 10% 92.0 95.1 41.7 30.6 41.4 18.8 99.6 100.0 8. Family holdings of nonfinancial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 a (cont). 1989 Survey of Consumer Finances Median value of holdings for families holding such assets (Thousands of 1998 dollars) Vehicles Primary Other Nonres. Business Other Any nonfin Any residence res prop. prop. nonfin. assets assets All families 8.8 89.1 63.7 25.5 89.1 9.5 86.0 103.1 Income ('98 $): < $10K 2.1 31.8 . . 31.8 1.3 9.2 6.4 $10-25K 5.0 63.7 25.5 14.0 33.4 6.4 40.2 42.7 $25-50 8.2 76.4 47.1 19.1 57.3 7.6 73.6 96.6 $50-100 14.1 110.8 76.4 20.4 90.4 10.2 141.6 197.2 $100K+ 20.2 254.7 127.3 126.1 283.9 31.8 414.4 653.4 By age of head (years): < 35 7.0 77.7 40.1 19.1 38.2 6.4 21.8 25.5 35-44 10.3 101.9 63.7 20.4 79.6 8.9 108.3 133.2 45-54 12.0 108.2 79.6 41.4 111.4 10.2 137.4 177.4 55-64 9.0 95.5 63.7 40.7 159.2 12.7 119.6 156.7 65-74 6.9 70.0 44.6 19.1 101.9 10.6 80.2 107.1 75 + 5.0 70.0 63.7 50.9 127.3 10.6 65.8 103.4 Race/eth. of hd: W nonhisp 9.6 95.5 63.7 28.0 108.2 10.2 95.7 126.1 NW and hisp 5.6 63.7 40.1 23.9 12.7 6.4 36.2 33.8 Work status of head: Working for someone else 9.6 95.5 63.7 20.4 42.4 7.6 86.0 99.0 Self employed 13.3 127.3 101.9 71.3 143.5 19.1 241.0 280.0 Retired 6.1 70.0 49.7 21.6 106.1 8.9 76.1 102.6 Oth. not wking 3.0 44.6 38.2 . . 2.5 15.5 15.7 Housing status: Own home 10.8 89.1 63.7 25.5 111.4 10.2 124.0 164.7 Rent 4.9 . 49.7 23.9 25.5 7.6 6.3 8.8 Net worth percentile: Bottom 25% 3.0 10.2 . . . 0.8 3.3 3.5 25-49.9 7.1 43.3 15.9 10.8 6.4 5.1 32.9 43.0 50-74.9 10.7 89.1 31.8 14.0 44.6 8.3 109.5 141.3 75-89.9 11.9 159.2 69.2 28.0 77.4 12.7 231.4 318.1 Top 10% 18.3 254.7 165.5 148.5 445.6 26.7 651.9 984.6 8. Family holdings of nonfinancial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 b (cont). 1992 Survey of Consumer Finances Median value of holdings for families holding such assets (Thousands of 1998 dollars) Vehicles Primary Other Nonres. Business Other Any nonfin Any residence res prop. prop. nonfin. assets assets All families 7.8 91.3 57.1 34.3 68.5 8.0 78.8 95.6 Income ('98 $): < $10K 2.8 44.5 20.6 33.7 30.5 1.6 21.1 13.6 $10-25K 4.4 57.1 26.3 15.4 34.3 5.7 40.2 45.6 $25-50 8.0 84.5 47.6 29.0 57.1 5.7 69.6 95.0 $50-100 12.3 114.2 57.1 28.5 68.5 13.7 139.9 199.3 $100K+ 18.8 228.3 125.6 99.3 274.0 28.5 390.6 667.3 By age of head (years): < 35 6.8 78.8 36.5 29.0 34.3 4.6 19.8 26.6 35-44 8.6 102.8 40.5 34.3 51.4 9.1 94.1 111.9 45-54 9.6 102.8 74.2 28.5 114.2 14.8 109.5 140.8 55-64 9.5 96.9 57.1 40.0 133.6 11.4 121.5 160.6 65-74 5.7 78.8 51.4 47.4 171.3 10.3 89.9 122.0 75 + 5.1 79.9 65.6 21.1 91.3 7.4 79.4 101.8 Race/eth. of hd: W nonhisp 8.4 96.9 57.1 35.4 74.2 8.0 91.3 119.8 NW and hisp 5.6 58.2 45.7 34.3 51.4 8.0 39.9 38.4 Work status of head: Working for someone else 8.4 97.0 51.4 24.2 34.3 6.9 74.6 88.7 Self employed 12.9 142.7 85.6 64.4 102.8 18.3 204.8 230.1 Retired 5.2 74.2 51.4 22.8 74.2 6.3 74.7 95.9 Oth. not wking 4.7 63.9 34.3 69.5 32.1 10.3 23.1 24.4 Housing status: Own home 9.5 91.3 55.0 36.0 91.3 9.1 118.2 159.4 Rent 4.9 . 57.1 28.5 28.5 5.7 5.8 10.3 Net worth percentile: Bottom 25% 3.3 32.0 . . 3.4 1.4 4.1 4.3 25-49.9 6.4 45.7 14.8 10.3 11.4 4.6 38.9 44.6 50-74.9 9.4 86.8 40.0 21.7 33.1 6.9 101.3 134.0 75-89.9 10.9 137.0 57.1 34.3 91.3 11.4 187.1 269.9 Top 10% 17.1 216.9 119.9 137.0 342.5 28.5 513.0 844.2 8. Family holdings of nonfinancial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 c (cont). 1995 Survey of Consumer Finances Median value of holdings for families holding such assets (Thousands of 1998 dollars) Vehicles Primary Other Nonres. Business Other Any nonfin Any residence res prop. prop. nonfin. assets assets All families 10.5 95.6 53.1 31.9 47.8 9.3 88.1 108.1 Income ('98 $): < $10K 4.0 41.4 28.0 15.9 54.1 6.2 14.2 13.5 $10-25K 6.2 69.0 31.9 14.9 35.1 6.4 45.7 55.5 $25-50 11.1 85.0 45.1 42.5 26.0 6.2 84.0 104.4 $50-100 16.9 126.4 63.7 21.2 31.9 14.3 146.7 202.2 $100K+ 24.4 196.5 106.2 106.2 265.5 19.1 314.7 608.5 By age of head (years): < 35 9.4 80.7 36.1 12.7 21.2 5.3 23.2 34.1 35-44 11.3 100.9 49.9 18.1 37.2 10.6 102.2 118.1 45-54 13.7 106.2 63.7 19.1 74.4 10.6 120.0 159.8 55-64 12.2 92.4 58.4 67.8 69.0 10.6 114.7 170.8 65-74 8.7 90.3 60.5 42.5 106.8 14.9 100.7 132.9 75 + 5.6 85.0 28.7 6.4 37.4 8.5 83.9 102.3 Race/eth. of hd: W nonhisp 11.4 96.7 58.4 34.0 53.1 10.6 99.5 126.3 NW and hisp 7.8 74.4 30.9 21.2 27.9 6.9 37.0 40.9 Work status of head: Working for someone else 11.5 95.6 49.9 18.1 22.3 10.6 86.4 105.0 Self employed 13.4 127.5 85.0 55.8 79.7 8.5 189.0 243.5 Retired 7.8 80.7 47.8 37.2 106.2 10.6 83.9 102.0 Oth. not wking 6.6 63.7 45.1 53.1 21.2 7.4 21.2 22.3 Housing status: Own home 12.7 95.6 55.2 37.2 58.4 10.6 123.0 168.1 Rent 6.7 . 39.8 12.7 23.4 5.3 7.9 13.1 Net worth percentile: Bottom 25% 4.8 28.7 . 2.1 1.6 2.7 6.2 6.1 25-49.9 9.1 53.1 29.7 7.4 10.6 5.3 43.6 51.7 50-74.9 11.9 90.3 32.4 10.6 23.4 8.5 107.7 137.1 75-89.9 15.1 136.0 53.1 37.2 95.6 10.6 180.5 273.3 Top 10% 21.6 196.5 132.8 108.9 345.2 26.6 421.2 802.3 8. Family holdings of nonfinancial assets, by selected characteristics of families and type of asset, 1989, 1992, 1995, and 1998 d (cont). 1998 Survey of Consumer Finances Median value of holdings for families holding such assets (Thousands of 1998 dollars) Vehicles Primary Other Nonres. Business Other Any nonfin Any residence res prop. prop. nonfin. assets assets All families 10.8 100.0 65.0 38.0 60.0 10.0 97.8 123.5 Income ('98 $): < $10K 4.0 51.0 . . 37.5 5.0 16.3 11.7 $10-25K 5.7 71.9 70.0 25.0 31.1 5.0 43.7 46.2 $25-50 10.2 85.0 50.0 28.0 37.5 6.0 83.5 112.0 $50-100 16.6 130.0 60.0 30.0 56.0 12.0 156.3 233.2 $100K+ 26.8 240.0 132.0 114.1 230.0 36.0 380.0 665.6 By age of head (years): < 35 8.9 84.0 42.5 25.0 34.0 5.0 22.7 28.9 35-44 11.4 101.0 45.0 20.0 62.5 8.0 103.5 128.0 45-54 12.8 120.0 74.0 45.0 100.0 14.0 126.8 178.9 55-64 13.5 110.0 70.0 54.0 62.5 28.0 126.9 198.2 65-74 10.8 95.0 75.0 45.0 61.1 10.0 109.9 165.2 75 + 7.0 85.0 103.0 54.0 40.0 10.0 96.1 135.0 Race/eth. of hd: W nonhisp 11.8 100.0 67.0 42.5 67.6 10.0 107.6 144.9 NW and hisp 8.0 85.0 59.0 24.0 30.0 5.0 52.0 43.1 Work status of head: Working for someone else 11.2 98.0 50.0 24.0 30.0 7.0 89.6 112.4 Self employed 15.5 150.0 85.0 80.0 100.0 50.0 256.6 329.3 Retired 8.6 89.0 100.0 50.0 50.0 10.0 97.8 134.5 Oth. not wking 7.2 90.0 64.6 . 39.0 . 28.5 18.0 Housing status: Own home 13.2 100.0 65.0 45.0 75.0 13.0 130.6 193.3 Rent 6.2 . 64.6 15.0 31.0 5.0 7.2 11.6 Net worth percentile: Bottom 25% 4.9 40.0 . . 3.5 1.0 6.4 5.9 25-49.9 8.6 60.0 37.5 10.0 12.0 5.0 51.5 60.7 50-74.9 12.6 95.0 35.0 21.0 40.0 8.8 118.0 165.4 75-89.9 15.5 140.0 80.0 45.0 87.5 15.0 218.5 362.5 Top 10% 23.3 250.0 151.5 120.0 300.0 55.0 519.0 973.7 NOTE. See note to table 1. . = 10 or fewer observations. 9. Family unrealized capital gains, by selected characteristics of families, 1989, 1992, 1995 and 1998 (Thousands of 1998 dollars) 1989 1992 1995 1998 --------------- --------------- ---------------- -------------------- Median Mean Median Mean Median Mean Median Mean All families 12.7 91.5 8.6 79.8 6.3 71.8 10.8 96.3 Income ('98 $): < $10K * 11.9 * 15.3 * 16.5 * 16.0 $10-25K * 30.1 0.6 28.4 * 25.7 * 26.6 $25-50 12.7 55.3 6.9 49.4 5.3 37.6 10.0 46.9 $50-100 38.2 89.0 27.4 85.8 26.1 69.3 27.0 80.8 $100K+ 159.0 531.5 134.7 490.7 81.3 493.8 105.3 629.2 By age of head (years): < 35 * 20.6 * 15.4 * 10.1 * 15.4 35-44 14.1 68.6 5.7 62.2 4.2 38.8 7.1 63.3 45-54 40.7 132.3 20.6 117.9 19.8 101.3 22.4 125.6 55-64 38.2 160.7 33.1 150.1 30.8 145.7 35.6 185.8 65-74 33.7 139.5 34.3 123.9 31.9 125.5 46.5 163.5 75 + 21.5 126.2 28.9 75.8 34.7 91.3 36.0 114.7 NOTE. See note to table 1. * = Less than $50. 10. Distribution of amount of debts of all families, 1989, 1992, 1995 and 1998 (Percent) 1989 1992 1995 1998 Mortgage & home equity loans & lines of credit 69.4 72.5 73.3 71.9 Debt for other residential property 7.6 10.0 7.5 7.4 Installment loans 16.6 11.3 11.8 12.8 Other lines of credit 1.4 0.7 0.6 0.3 Credit card balances 2.8 3.2 3.9 3.8 Other debt 2.2 2.3 2.8 3.7 TOTAL 100 100 100 100 MEMO: Debt as a percentage of total assets 12.4 14.6 14.7 14.4 NOTE. See note to table 1. 11. Family holdings of debts, by selected characteristics of families and type of debt, 1989, 1992, 1995, and 1998 a. 1989 Survey of Consumer Finances (Percentage of families holding debts) Mortgage Other res. Install- Other Credit Other Any & HE prop. ment LOCs card debt debt All families 39.5 5.2 49.4 3.2 39.7 6.7 72.3 Income ('98 $): < $10K 6.4 . 32.6 . 13.2 5.3 45.7 $10-25K 20.1 . 38.5 . 26.2 5.6 57.4 $25-50 40.8 4.4 56.7 1.9 50.2 5.0 80.1 $50-100 67.1 7.4 63.7 6.7 58.5 7.2 89.7 $100K+ 73.7 20.9 46.6 6.2 37.7 16.4 87.5 By age of head (years): < 35 34.9 1.6 60.8 4.4 44.5 6.1 80.0 35-44 57.9 7.2 67.5 4.7 50.5 8.5 88.5 45-54 58.3 10.7 59.3 4.0 49.3 9.4 85.3 55-64 37.0 7.4 38.4 1.5 32.9 8.1 70.8 65-74 21.7 4.0 21.5 . 27.2 3.3 49.6 75 + 6.3 . 9.8 . 10.1 1.9 21.0 Race/eth. of hd: W nonhisp 43.0 5.8 49.3 3.0 41.5 7.2 73.2 NW and hisp 28.9 3.3 49.7 3.5 34.4 5.1 69.4 Work status of head: Working for someone else 49.8 5.9 61.7 4.6 53.4 7.5 86.4 Self employed 49.8 8.6 53.9 4.4 29.4 10.7 80.1 Retired 16.6 2.8 21.8 . 18.2 3.3 40.1 Oth. not wking 20.2 . 41.4 . 20.9 . 60.0 Housing status: Own home 61.8 6.7 50.8 2.8 43.9 6.8 78.3 Rent 0.0 2.4 47.0 3.9 32.2 6.4 61.7 Net worth percentile: Bottom 25% 5.1 . 48.9 3.3 27.4 7.6 60.5 25-49.9 39.8 1.8 58.4 3.4 48.3 3.5 78.2 50-74.9 57.7 4.4 52.9 2.6 49.4 5.1 77.3 75-89.9 60.3 9.4 41.3 2.6 43.5 8.7 76.2 Top 10% 47.7 20.1 32.0 4.4 18.9 12.9 68.6 11. Family holdings of debts, by selected characteristics of families and type of debt, 1989, 1992, 1995, and 1998 b. 1992 Survey of Consumer Finances (Percentage of families holding debts) Mortgage Other res. Install- Other Credit Other Any & HE prop. ment LOCs card debt debt All families 39.1 5.7 46.0 2.3 43.7 8.4 73.2 Income ('98 $): < $10K 9.1 . 29.9 . 23.3 4.4 47.3 $10-25K 20.7 1.7 41.9 . 38.3 6.0 64.4 $25-50 43.3 4.6 54.8 2.8 55.2 10.4 82.3 $50-100 65.6 9.6 52.2 3.3 52.1 8.4 84.9 $100K+ 74.4 23.5 40.5 5.3 34.9 16.5 87.7 By age of head (years): < 35 30.9 3.1 61.7 2.8 51.7 6.4 81.5 35-44 55.5 7.1 57.8 3.3 50.9 11.5 86.3 45-54 61.4 9.3 49.9 2.6 48.9 10.4 85.4 55-64 40.8 9.9 38.8 1.6 37.2 9.6 70.1 65-74 18.5 3.1 23.0 1.0 32.1 6.0 51.5 75 + 8.6 0.7 8.3 . 20.1 4.4 31.6 Race/eth. of hd: W nonhisp 42.8 6.5 46.3 2.6 44.2 8.2 74.3 NW and hisp 27.8 3.3 45.1 1.6 42.1 9.1 70.1 Work status of head: Working for someone else 48.6 6.2 58.2 3.1 53.9 9.4 85.6 Self employed 58.9 12.8 47.9 3.7 47.5 12.4 85.1 Retired 16.7 2.6 21.2 . 25.1 5.2 45.0 Oth. not wking 20.4 2.5 40.8 . 29.8 6.3 64.5 Housing status: Own home 61.2 7.0 44.3 2.0 46.6 9.1 78.5 Rent 0.0 3.4 48.9 2.9 38.6 7.1 64.0 Net worth percentile: Bottom 25% 7.9 . 52.0 2.4 38.7 7.6 64.9 25-49.9 42.7 2.7 56.7 1.9 52.5 8.4 79.1 50-74.9 52.9 5.0 44.8 2.1 49.6 7.2 77.4 75-89.9 51.2 9.8 33.8 2.9 39.5 7.8 71.3 Top 10% 55.5 20.7 25.5 3.2 26.0 14.2 71.9 11. Family holdings of debts, by selected characteristics of families and type of debt, 1989, 1992, 1995, and 1998 c. 1995 Survey of Consumer Finances (Percentage of families holding debts) Mortgage Other res. Install- Other Credit Other Any & HE prop. ment LOCs card debt debt All families 41.0 4.7 45.9 1.9 47.3 8.5 74.5 Income ('98 $): < $10K 9.0 1.6 25.1 . 23.9 6.1 47.2 $10-25K 23.9 1.3 38.9 . 41.2 8.1 65.8 $25-50 44.9 3.9 53.7 2.2 54.5 8.7 82.2 $50-100 67.6 7.0 60.0 3.1 62.8 8.6 89.4 $100K+ 72.7 19.7 39.7 4.6 41.2 13.5 85.3 By age of head (years): < 35 33.0 2.1 62.5 2.7 54.7 7.4 83.5 35-44 54.3 4.9 59.7 2.1 55.9 10.5 86.9 45-54 61.8 8.4 53.3 2.2 56.4 13.0 86.3 55-64 45.2 8.3 34.8 1.7 43.2 7.8 73.7 65-74 24.7 3.5 16.5 1.3 30.5 5.4 53.4 75 + 6.8 1.0 8.8 . 17.5 2.9 28.4 Race/eth. of hd: W nonhisp 44.1 5.0 46.1 2.1 47.1 8.5 75.3 NW and hisp 30.2 3.5 45.3 . 48.0 8.5 71.6 Work status of head: Working for someone else 51.2 5.4 58.6 2.3 58.0 9.9 87.4 Self employed 51.6 8.1 45.3 3.6 45.3 8.8 80.9 Retired 18.7 2.4 18.0 . 25.8 4.6 44.8 Oth. not wking 18.2 . 40.8 . 36.8 9.6 63.2 Housing status: Own home 63.3 5.8 45.4 1.5 51.1 8.0 79.6 Rent 0.0 2.7 46.9 2.6 40.3 9.4 65.2 Net worth percentile: Bottom 25% 9.6 . 48.9 2.4 41.4 9.6 66.7 25-49.9 47.3 2.5 55.0 2.2 55.5 9.4 81.4 50-74.9 55.6 3.4 47.0 1.2 57.3 7.0 79.3 75-89.9 49.5 8.0 36.2 . 39.5 8.1 70.5 Top 10% 54.4 18.6 27.9 3.2 27.9 7.4 70.8 11. Family holdings of debts, by selected characteristics of families and type of debt, 1989, 1992, 1995, and 1998 d. 1998 Survey of Consumer Finances (Percentage of families holding debts) Mortgage Other res. Install- Other Credit Other Any & HE prop. ment LOCs card debt debt All families 43.1 5.1 43.7 2.3 44.1 8.8 74.1 Income ('98 $): < $10K 8.3 . 25.7 . 20.6 3.6 41.7 $10-25K 21.3 1.8 34.4 1.2 37.9 7.0 63.7 $25-50 43.7 4.1 50.0 2.9 49.9 7.7 79.6 $50-100 71.0 7.7 55.0 3.3 56.7 12.2 89.4 $100K+ 73.4 16.4 43.2 2.6 40.4 14.8 87.8 By age of head (years): < 35 33.2 2.0 60.0 2.4 50.7 9.6 81.2 35-44 58.7 6.7 53.3 3.6 51.3 11.4 87.6 45-54 58.8 6.7 51.2 3.6 52.5 11.1 87.0 55-64 49.4 7.8 37.9 1.6 45.7 8.3 76.4 65-74 26.0 5.1 20.2 . 29.2 4.1 51.4 75 + 11.5 1.8 4.2 . 11.2 2.0 24.6 Race/eth. of hd: W nonhisp 46.7 5.4 44.3 2.4 44.4 8.8 74.9 NW and hisp 30.7 4.0 41.6 1.9 43.3 8.8 71.1 Work status of head: Working for someone else 50.8 5.2 55.2 2.7 53.5 10.8 86.8 Self employed 63.1 10.7 46.3 3.7 47.5 10.7 84.6 Retired 18.6 3.1 15.8 . 20.9 3.3 39.9 Oth. not wking 26.8 . 39.0 . 39.0 7.5 65.7 Housing status: Own home 65.1 6.2 44.3 1.8 46.2 9.3 79.4 Rent 0.0 2.9 42.6 3.4 40.0 7.8 63.5 Net worth percentile: Bottom 25% 11.3 . 47.1 2.8 39.5 9.3 65.5 25-49.9 47.2 3.2 50.0 2.5 54.8 9.2 81.5 50-74.9 56.2 4.8 46.4 1.7 48.7 7.7 76.8 75-89.9 57.0 8.9 34.3 1.9 36.9 7.6 70.2 Top 10% 58.9 14.8 27.2 2.6 28.2 10.8 75.9 11. Family holdings of debts, by selected characteristics of families and type of debt, 1989, 1992, 1995, and 1998 a (cont). 1989 Survey of Consumer Finances Median value of holdings for families holding such debts (Thousands of 1998 dollars) Mortgage Other res. Install- Other Credit Other Any & HE prop. ment LOCs card debt debt All families 42.7 31.8 6.5 2.5 1.1 2.5 19.2 Income ('98 $): < $10K 8.3 . 1.7 . 0.3 0.6 1.7 $10-25K 16.6 . 3.8 . 0.6 1.3 5.5 $25-50 33.1 17.8 7.6 1.8 1.1 1.1 17.7 $50-100 53.5 25.5 9.7 2.5 1.7 3.2 49.7 $100K+ 91.7 54.8 11.5 6.0 2.5 6.4 96.8 By age of head (years): < 35 57.3 20.4 6.0 1.8 1.3 1.0 14.8 35-44 52.2 44.6 8.8 3.8 1.4 1.5 38.9 45-54 33.1 25.5 8.9 1.7 1.3 3.8 30.2 55-64 25.5 43.3 4.6 2.5 1.3 3.4 12.7 65-74 11.6 15.9 4.1 . 0.7 2.5 6.4 75 + 8.9 . 3.8 . 0.3 6.4 3.6 Race/eth. of hd: W nonhisp 44.6 31.8 7.6 3.2 1.2 2.5 24.1 NW and hisp 34.4 27.7 3.8 1.8 1.0 0.9 9.2 Work status of head: Working for someone else 47.1 34.4 7.3 2.3 1.3 2.5 25.2 Self employed 50.9 50.9 10.1 12.5 1.3 6.4 35.5 Retired 14.0 17.8 4.5 . 0.7 1.3 6.4 Oth. not wking 16.6 . 2.5 . 0.7 . 3.8 Housing status: Own home 42.7 34.4 8.4 3.8 1.3 3.4 40.7 Rent . 20.4 4.2 1.5 1.0 0.9 3.8 Net worth percentile: Bottom 25% 47.1 . 3.7 2.2 1.4 0.8 4.0 25-49.9 36.5 8.9 6.1 1.7 0.9 1.1 14.6 50-74.9 40.7 17.8 8.6 2.5 1.2 1.5 36.2 75-89.9 50.9 31.3 9.6 3.8 1.3 4.2 41.7 Top 10% 63.7 57.3 10.1 12.7 1.9 8.9 70.4 11. Family holdings of debts, by selected characteristics of families and type of debt, 1989, 1992, 1995, and 1998 b (cont). 1992 Survey of Consumer Finances Median value of holdings for families holding such debts (Thousands of 1998 dollars) Mortgage Other res. Install- Other Credit Other Any & HE prop. ment LOCs card debt debt All families 50.2 28.5 5.3 2.3 1.1 2.9 19.9 Income ('98 $): < $10K 16.5 . 2.2 . 0.6 1.7 2.5 $10-25K 21.7 3.6 3.1 . 0.9 0.9 5.6 $25-50 42.2 19.4 5.8 1.7 1.3 2.9 18.6 $50-100 62.8 38.8 8.5 2.1 1.7 3.4 61.4 $100K+ 102.8 63.9 11.9 4.6 2.5 6.9 115.3 By age of head (years): < 35 59.4 19.4 5.2 1.4 1.1 1.6 11.9 35-44 62.8 30.8 5.7 2.1 1.4 3.4 41.1 45-54 45.7 38.8 5.4 5.7 1.8 3.4 32.4 55-64 34.3 22.8 5.1 4.6 1.1 3.4 22.0 65-74 20.4 19.4 4.6 4.6 0.9 1.7 5.5 75 + 32.0 78.2 3.6 . 0.6 3.1 2.7 Race/eth. of hd: W nonhisp 51.4 28.5 5.8 2.3 1.2 3.4 26.1 NW and hisp 36.0 20.6 3.4 2.5 0.9 2.3 8.1 Work status of head: Working for someone else 52.6 23.7 5.7 1.8 1.2 2.9 24.5 Self employed 75.4 49.1 7.3 4.0 2.0 5.7 55.7 Retired 21.5 20.6 3.9 . 0.8 2.3 6.3 Oth. not wking 30.0 30.8 3.0 . 0.9 2.9 5.2 Housing status: Own home 50.2 30.8 6.4 3.2 1.3 3.4 42.6 Rent . 20.8 4.1 1.4 1.0 1.7 4.0 Net worth percentile: Bottom 25% 34.3 . 4.3 1.4 1.0 1.6 4.9 25-49.9 39.4 14.3 4.4 1.1 1.2 1.5 16.8 50-74.9 50.2 21.1 6.6 2.1 1.1 2.9 35.3 75-89.9 52.5 25.2 7.0 6.9 1.2 5.7 39.7 Top 10% 79.9 62.8 9.3 20.6 1.8 6.9 87.9 11. Family holdings of debts, by selected characteristics of families and type of debt, 1989, 1992, 1995, and 1998 c (cont). 1995 Survey of Consumer Finances Median value of holdings for families holding such debts (Thousands of 1998 dollars) Mortgage Other res. Install- Other Credit Other Any & HE prop. ment LOCs card debt debt All families 54.9 31.9 6.4 3.7 1.6 2.1 23.4 Income ('98 $): < $10K 19.1 10.6 2.7 . 0.6 2.1 2.2 $10-25K 29.7 19.1 3.8 . 1.3 1.2 8.4 $25-50 45.7 29.7 6.9 3.2 1.6 1.8 21.6 $50-100 69.2 33.8 9.5 2.3 2.1 3.7 64.1 $100K+ 105.2 42.5 9.1 5.3 2.7 7.4 114.8 By age of head (years): < 35 65.9 26.6 7.5 1.5 1.4 1.6 16.1 35-44 64.8 33.8 5.9 2.1 2.0 2.1 40.0 45-54 53.1 31.9 7.6 6.4 2.1 3.2 42.4 55-64 39.3 35.1 5.3 3.6 1.4 4.2 22.4 65-74 20.2 35.1 5.2 4.0 0.9 2.1 7.4 75 + 19.3 8.5 3.6 . 0.4 4.2 2.0 Race/eth. of hd: W nonhisp 57.4 35.1 6.9 4.0 1.6 2.7 28.6 NW and hisp 42.0 26.6 5.2 . 1.3 1.6 11.2 Work status of head: Working for someone else 59.5 30.8 7.3 2.6 1.7 2.1 30.8 Self employed 65.9 44.6 6.4 7.4 2.7 5.3 44.1 Retired 24.4 35.1 4.3 . 0.9 3.2 6.4 Oth. not wking 47.8 . 5.2 . 0.9 1.6 8.2 Housing status: Own home 54.9 31.9 7.3 5.1 1.6 3.2 48.8 Rent . 52.0 5.3 1.5 1.3 1.6 5.1 Net worth percentile: Bottom 25% 49.8 . 5.6 2.8 1.7 1.6 6.6 25-49.9 47.8 20.2 6.4 3.2 1.4 1.7 22.5 50-74.9 55.8 26.6 6.2 2.4 1.6 2.1 39.1 75-89.9 53.1 27.9 7.6 . 1.5 3.2 37.9 Top 10% 81.8 63.2 8.3 8.5 1.5 8.5 80.0 11. Family holdings of debts, by selected characteristics of families and type of debt, 1989, 1992, 1995, and 1998 d (cont). 1998 Survey of Consumer Finances Median value of holdings for families holding such debts (Thousands of 1998 dollars) Mortgage Other res. Install- Other Credit Other Any & HE prop. ment LOCs card debt debt All families 62.0 40.0 8.7 2.5 1.7 3.0 33.3 Income ('98 $): < $10K 16.0 . 4.0 . 1.1 0.6 4.1 $10-25K 34.2 34.0 6.0 1.1 1.0 1.3 8.0 $25-50 47.0 20.0 8.0 3.0 1.9 2.2 27.1 $50-100 75.0 42.0 11.3 2.8 2.4 3.8 75.0 $100K+ 123.8 60.0 15.4 5.0 3.2 10.0 135.4 By age of head (years): < 35 71.0 55.0 9.1 1.0 1.5 1.7 19.2 35-44 70.0 40.0 7.7 1.4 2.0 3.0 55.7 45-54 68.8 40.0 10.0 3.0 1.8 5.0 48.4 55-64 49.4 41.0 8.3 4.9 2.0 5.0 34.6 65-74 29.0 56.0 6.5 . 1.1 4.5 11.9 75 + 21.2 29.8 8.9 . 0.7 1.7 8.0 Race/eth. of hd: W nonhisp 62.0 42.6 9.0 2.8 2.0 3.3 40.0 NW and hisp 62.0 30.0 7.2 0.7 1.1 1.7 15.3 Work status of head: Working for someone else 66.0 37.0 8.8 2.8 2.0 3.0 35.5 Self employed 74.0 54.0 11.0 3.8 2.0 6.5 67.9 Retired 37.0 34.0 5.8 . 1.0 1.9 10.2 Oth. not wking 57.0 . 6.7 . 1.2 1.1 12.6 Housing status: Own home 62.0 42.6 9.5 2.2 2.0 4.0 60.9 Rent . 27.5 7.7 2.8 1.3 1.3 6.0 Net worth percentile: Bottom 25% 56.5 . 8.0 1.0 1.6 1.5 8.4 25-49.9 55.0 29.0 7.8 3.0 1.7 2.0 28.4 50-74.9 59.0 22.0 8.9 3.0 1.8 5.0 46.2 75-89.9 72.0 54.0 10.1 1.3 1.5 6.0 67.4 Top 10% 100.0 72.0 14.7 10.0 2.0 20.0 98.0 NOTE. See note to table 1. . = 10 or fewer observations. 12. Distribution of amount of debt of all families, by purpose of debt, 1989, 1992, 1995, and 1998 (Percent) 1989 1992 1995 1998 Home purchase 63.5 67.4 70.4 68.1 Home improvement 2.5 2.5 2.0 2.0 Other residential property 9.8 10.8 8.2 7.8 Investments, exc. property 3.8 1.8 1.0 3.2 Vehicles 10.4 7.0 7.5 7.5 Goods & services 5.9 5.6 5.7 6.0 Education 2.3 2.8 2.7 3.4 Unclass. loans against pension accounts 0.2 0.1 0.2 0.4 Other unclassifiable 1.5 2.1 2.2 1.5 TOTAL 100 100 100 100 NOTE. See note to table 1. 13. Distribution of amount of debt of all families, by type of lending institution, 1989, 1992, 1989, 1992, 1995, and 1998 (Percent) 1989 1992 1995 1998 Commercial bank 28.2 33.3 35.1 32.6 Savings & loan or savings 26.1 16.8 10.8 9.6 Credit union 4.0 4.0 4.5 4.2 Finance or loan company 3.7 3.2 3.2 4.2 Brokerage 2.2 3.1 1.9 3.7 Mortgage or real estate lender 21.2 27.1 32.7 35.9 Individual lender 6.8 4.3 5.0 3.4 Other nonfinancial 1.6 1.6 0.8 1.3 Government 2.0 2.0 1.3 0.6 Credit & store cards 2.8 3.3 3.9 3.8 Loans against pension accounts 0.2 0.1 0.2 0.4 Other unclassifiable 1.1 1.1 0.7 0.3 TOTAL 100 100 100 100 NOTE. See note to table 1. 14. Ratios of debt payments to family income, percent of debtors with ratios above 40 percent, and percent of debtors with payments more than 60 days past due, by selected characteristics of families, 1989, 1992, 1995, and 1998 (Percent) Aggregate Median Ratios above 40 percent Any payment 60 days or more past due ---------------------- ---------------------- ---------------------- ---------------------- 1989 1992 1995 1998 1989 1992 1995 1998 1989 1992 1995 1998 1989 1992 1995 1998 All families 12.7 14.1 13.6 14.5 15.9 16.1 16.1 17.6 10.1 10.9 10.5 12.7 7.3 6.0 7.1 8.1 Income ('98 $): < $10K 16.2 16.8 19.5 19.4 23.0 19.5 15.4 20.3 28.6 28.4 27.6 32.0 20.9 11.6 8.4 15.1 $10-25K 12.5 14.8 16.1 16.2 16.4 15.3 17.7 17.8 15.0 15.5 17.3 19.9 12.2 9.3 11.3 12.3 $25-50 16.0 16.5 16.2 17.4 16.1 16.3 16.6 18.1 9.1 9.6 8.0 13.8 4.8 6.3 8.6 9.2 $50-100 16.5 15.3 16.0 17.4 16.2 17.0 16.9 18.3 4.9 4.4 4.2 5.7 4.5 2.2 2.7 4.5 $100K+ 8.0 10.7 8.7 10.0 11.8 13.7 11.1 13.1 1.8 2.2 1.7 2.1 1.2 0.5 1.3 1.5 By age of head (years): < 35 18.0 16.5 17.1 16.6 17.3 16.6 16.9 17.4 12.7 10.5 11.0 11.8 11.2 8.3 8.7 11.1 35-44 16.7 17.8 16.6 17.0 17.9 19.0 18.1 19.4 7.8 11.6 9.2 11.6 6.4 6.8 7.7 8.4 45-54 12.2 14.6 14.6 16.3 16.2 16.1 16.6 17.8 10.9 10.2 10.4 11.6 4.5 5.4 7.4 7.4 55-64 9.0 11.4 11.5 12.9 12.6 14.5 14.0 16.7 8.6 14.3 14.5 13.9 7.4 4.7 3.2 7.5 65-74 5.5 7.8 6.9 8.5 11.1 10.6 12.2 13.9 7.7 7.8 7.8 17.5 3.3 1.0 5.3 3.1 75 + 2.1 3.4 2.9 3.9 9.8 5.0 3.4 8.9 14.1 8.7 8.9 20.9 1.2 1.8 5.4 1.1 Net worth percentile: Bottom 25% 11.5 10.9 12.5 14.0 11.2 10.6 12.1 14.5 7.7 9.6 9.7 11.9 17.7 14.4 14.5 16.2 25-49.9 16.0 17.1 17.9 19.0 16.9 19.0 18.6 19.0 11.9 11.9 11.1 14.8 7.6 5.5 8.2 9.8 50-74.9 17.8 17.8 17.3 17.7 18.5 18.3 18.3 19.7 11.1 11.8 10.8 12.5 3.8 3.1 4.4 5.5 75-89.9 14.6 14.3 13.5 14.4 15.2 16.0 15.3 17.6 10.1 10.1 8.7 11.5 2.2 2.3 2.4 1.0 Top 10% 7.3 10.5 9.1 10.3 12.2 14.0 13.3 14.5 7.8 10.0 12.4 11.5 1.6 1.8 0.7 2.4 NOTE. See note to table 1. BOX TABLE. Reasons reported by families without a checking account for not having one, 1989, 1992, 1995, and 1998 Response category 1989 1992 1995 1998 Do not write enough checks to make it worthwhile 34.4 30.4 25.3 28.4 Minimum balance is too high 7.7 8.7 8.8 8.6 Do not like dealing with banks 15.0 15.3 18.6 18.5 Service charges are too high 8.6 11.3 8.4 11.0 Cannot manage or balance a checking account 5.0 6.5 8.0 7.2 No bank has convenient hours or location 1.2 0.8 1.2 1.2 Do not have enough money 21.2 21.2 20.0 12.9 Credit problems . 0.7 1.4 2.7 Do not need/want an account . 3.2 4.9 6.3 Other 6.8 1.9 3.5 3.1 TOTAL 100 100 100 100 . = Responses not coded separately in 1989.