1.

Before-tax family income, percentage of families that saved, and distribution of families, by selected characteristics of families, 1989-2004 surveys
Thousands of dollars except as noted
1989
1992
Income
Income
Percentage of
Percentage of
Family characteristic
families that Percentage of
families that Percentage of
Median
Mean
saved
families
Median
Mean
saved
families
All families

26.1

41.0

n/a

100.0

26.7

40.0

57.1

100.0

6.3
14.6
26.1
40.7
59.4
104.3

6.0
14.7
26.0
40.9
61.3
173.6

n/a
n/a
n/a
n/a
n/a
n/a

20.0
20.0
20.0
20.0
10.0
10.0

6.8
15.4
26.7
42.0
63.6
107.6

6.6
15.9
27.2
43.3
64.3
150.4

30.2
50.0
58.4
70.2
71.0
82.0

20.0
20.0
20.0
20.0
10.0
10.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

20.9
36.5
38.6
26.1
16.7
13.6

27.9
49.7
60.4
47.7
35.7
25.6

n/a
n/a
n/a
n/a
n/a
n/a

28.1
21.5
15.1
13.9
12.6
8.9

24.6
35.9
42.0
29.7
17.4
13.3

30.3
46.6
56.7
49.7
29.0
23.3

59.1
56.9
58.9
59.3
54.1
49.4

25.8
22.8
16.2
13.2
12.6
9.4

Education of head
No high school diploma
High school diploma
Some college
College degree

13.6
22.9
29.2
41.7

19.5
29.9
40.7
72.5

n/a
n/a
n/a
n/a

24.3
32.1
15.6
28.0

12.3
23.6
27.7
45.1

17.4
30.1
37.0
65.5

38.1
56.8
59.5
68.1

20.3
30.0
17.8
31.9

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

30.2
14.6

47.1
23.0

n/a
n/a

74.8
25.2

30.8
18.5

44.3
27.2

61.0
44.9

75.3
24.7

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

32.3
37.5
14.6
7.3

41.1
95.0
24.1
14.0

n/a
n/a
n/a
n/a

57.0
11.1
25.2
6.6

34.9
45.1
15.4
11.3

43.8
76.1
22.9
20.9

63.2
59.3
48.1
41.4

54.8
11.0
26.1
8.1

Housing status
Owner
Renter or other

33.4
13.6

51.7
22.1

n/a
n/a

63.9
36.1

34.9
17.4

49.0
24.1

63.2
46.2

63.9
36.1

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
10.4
14.9
n/a
25.0
13.3
17.4
37.4
25.0
25-49.9
21.9
25.1
n/a
25.0
24.6
27.7
52.5
25.0
31.3
36.1
n/a
25.0
32.8
36.5
63.5
25.0
50-74.9
75-89.9
41.7
51.1
n/a
15.0
43.1
50.8
70.7
15.0
90-100
78.2
143.1
n/a
10.0
81.0
120.4
81.0
10.0
Note: For questions on income, respondents were asked to base their answers on the calendar year preceding the interview. For questions on saving, respondents were asked to
base their answers on the twelve months preceding the interview.
Percentage distributions may not sum to 100 because of rounding. Dollars have been converted to 2004 values with the current-methods consumer price index for all urban
consumers (see text box "The Data Used in this Article"). See the appendix for details on standard errors (shown in parentheses below the first row of data for the means and
medians here and in table 3) and for definitions of family and family head.

1. Before-tax family income, percentage of families that saved, and distribution of families, by selected characteristics of families, 1989-2004 surveys
Thousands of dollars except as noted
1995
1998
Income
Income
Percentage of
Percentage of
Family characteristic
families that
Percentage of
families that
saved
families
saved
Median
Mean
Median
Mean
All families

Percentage of
families

30.7

44.7

55.2

100.0

33.5

53.1

55.9

100.0

6.9
17.4
30.7
45.1
68.6
112.7

6.7
17.6
30.1
46.3
69.6
175.8

31.4
43.3
57.1
67.1
70.2
83.8

20.0
20.0
20.0
20.0
10.0
10.0

8.2
20.3
33.5
53.7
79.1
130.8

7.9
20.2
34.0
54.3
79.5
218.6

32.1
44.9
56.1
68.6
73.4
82.0

20.0
20.0
20.0
20.0
10.0
10.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

25.6
37.9
39.9
33.8
19.5
16.4

31.2
48.8
66.2
54.0
37.5
26.5

56.4
54.3
58.0
58.0
50.0
51.7

24.8
23.0
17.9
12.5
12.0
9.8

27.4
42.6
50.7
38.5
24.3
16.2

36.1
60.0
69.6
71.5
46.5
29.0

53.0
57.3
57.8
60.9
56.3
48.6

23.3
23.3
19.2
12.8
11.2
10.2

Education of head
No high school diploma
High school diploma
Some college
College degree

14.3
25.6
30.7
46.1

20.9
35.0
40.6
71.5

42.8
50.6
54.1
68.2

18.5
31.7
19.0
30.7

15.2
29.4
35.5
54.8

21.7
37.0
50.7
85.3

39.5
53.7
56.6
65.6

16.5
31.9
18.5
33.2

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

32.8
20.5

49.1
29.2

59.1
41.7

77.6
22.4

38.5
23.3

59.0
33.2

60.0
42.3

76.9
23.1

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

36.9
37.9
16.4
11.3

48.5
80.2
28.1
18.1

60.4
63.4
46.0
30.8

58.3
10.3
25.1
6.4

40.6
52.7
19.3
11.2

53.5
108.8
32.6
23.0

59.8
61.0
48.6
33.7

59.2
11.3
24.4
5.1

Housing status
Owner
Renter or other

37.9
18.4

55.4
25.1

61.3
44.0

64.7
35.3

43.6
20.3

66.5
26.7

62.2
43.4

66.3
33.7

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
14.3
18.6
35.8
25.0
16.2
20.3
36.3
25.0
25-49.9
28.7
31.4
51.3
25.0
30.4
33.8
50.2
25.0
35.9
40.7
59.5
25.0
40.6
46.9
61.8
25.0
50-74.9
75-89.9
43.0
52.8
68.7
15.0
56.8
67.4
72.0
15.0
90-100
80.9
140.8
82.4
10.0
88.2
176.7
79.7
10.0
Note: For questions on income, respondents were asked to base their answers on the calendar year preceding the interview. For questions on saving, respondents were asked to
base their answers on the twelve months preceding the interview.
Percentage distributions may not sum to 100 because of rounding. Dollars have been converted to 2004 values with the current-methods consumer price index for all urban
consumers (see text box "The Data Used in this Article"). See the appendix for details on standard errors (shown in parentheses below the first row of data for the means and
medians here and in table 3) and for definitions of family and family head.

1. Before-tax family income, percentage of families that saved, and distribution of families, by selected characteristics of families, 1989-2004 surveys
Thousands of dollars except as noted
2001
2004
Income
Income
Family characteristic
Percentage of
Percentage of
families that
Percentage of
families that
saved
families
saved
Median
Mean
Median
Mean
All families

Percentage of
families

40.1

69.1

59.2

100.0

43.1

70.7

56.1

100.0

10.3
24.7
40.1
64.8
98.7
169.6

10.0
24.1
40.3
65.2
98.1
313.7

29.8
53.8
61.1
71.7
75.1
84.3

20.0
20.0
20.0
20.0
10.0
10.0

11.3
25.7
43.1
67.8
104.7
184.8

10.8
26.1
43.4
69.2
106.5
301.0

33.9
44.0
54.1
69.5
77.4
80.5

20.0
20.0
20.0
20.0
10.0
10.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

32.9
51.4
54.5
45.2
27.8
22.6

44.2
77.0
97.3
89.4
57.8
36.7

52.9
62.3
61.7
62.0
61.8
55.5

22.7
22.3
20.6
13.2
10.7
10.4

32.9
50.3
61.6
54.4
33.4
23.6

45.1
73.9
94.3
99.8
59.7
40.8

55.0
58.0
58.5
58.5
57.1
45.7

22.2
20.6
20.8
15.2
10.5
10.7

Education of head
No high school diploma
High school diploma
Some college
College degree

16.4
33.9
41.1
67.8

25.1
44.8
56.2
119.5

38.7
56.7
61.7
70.0

16.0
31.7
18.3
34.0

19.5
35.9
41.1
72.9

25.9
44.8
55.7
117.4

35.9
54.0
51.0
68.3

14.4
30.6
18.4
36.6

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

45.2
25.7

78.4
40.6

63.1
47.4

75.4
24.6

49.3
29.8

80.5
44.9

60.1
45.6

72.2
27.8

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

47.3
62.7
20.6
16.4

69.1
139.0
39.9
36.4

61.6
70.5
50.5
42.3

60.9
11.7
22.9
4.5

49.3
66.7
24.6
20.5

70.0
141.4
43.2
37.4

59.2
68.7
44.0
44.9

60.1
11.8
23.7
4.4

Housing status
Owner
Renter or other

52.4
24.7

86.7
32.2

66.7
43.6

67.7
32.3

55.5
24.6

87.2
33.7

62.3
42.3

69.1
30.9

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
19.5
24.0
34.6
25.0
20.5
25.0
34.6
25.0
25-49.9
34.9
39.5
54.1
25.0
37.0
42.3
53.8
25.0
51.4
59.0
68.2
25.0
52.4
60.7
62.1
25.0
50-74.9
75-89.9
69.9
78.4
77.3
15.0
77.0
87.8
72.4
15.0
90-100
126.4
267.2
84.1
10.0
143.8
254.9
76.0
10.0
Note: For questions on income, respondents were asked to base their answers on the calendar year preceding the interview. For questions on saving, respondents were asked to
base their answers on the twelve months preceding the interview.
Percentage distributions may not sum to 100 because of rounding. Dollars have been converted to 2004 values with the current-methods consumer price index for all urban
consumers (see text box "The Data Used in this Article"). See the appendix for details on standard errors (shown in parentheses below the first row of data for the means and
medians here and in table 3) and for definitions of family and family head.

2. Reasons respondents gave as most important for their families' saving, distributed by type of reason,
1989-2004 surveys
Percent
Reason
1989
1992
1995
1998
2001
2004
Education
8.5
9.1
10.8
11.0
10.9
11.6
For the family
3.1
2.6
2.7
4.1
5.1
4.7
Buying own home
4.9
4.0
5.1
4.4
4.2
5.0
Purchases
12.5
9.7
12.8
9.6
9.5
7.7
Retirement
18.7
19.4
23.7
33.0
32.1
34.7
Liquidity
34.4
33.9
33.0
29.8
31.2
30.0
Investments
8.0
7.6
4.2
2.0
1.0
1.5
No particular reason
1.7
1.7
0.8
1.3
1.1
0.7
When asked for a reason,
reported do not save
8.3
12.0
6.8
4.9
5.0
4.0
100
100
100
100
100
100
Total
Note: See note to table 1 and text note 10.

3. Family net worth, by selected characteristics of families, 1989-2004 surveys
Thousands of dollars
1989
1992
Family characteristic
Median
Mean
Median
Mean
All families

1995
Median

1998
Mean

Median

2001
Mean

Median

2004
Mean

Median

Mean

47.1

189.4

49.6

186.9

57.7

212.9

71.7

283.3

86.6

397.2

93.0

448.0

1.9
24.8
42.1
67.5
134.1
395.0

24.7
68.1
102.6
136.5
223.6
1,005.9

3.9
27.8
39.6
74.5
119.4
364.8

33.3
64.8
101.4
139.6
227.0
963.3

6.0
34.7
45.8
75.2
128.3
357.1

44.6
80.3
101.5
159.7
258.4
1,098.1

5.8
34.6
53.4
111.7
189.0
452.3

49.6
97.7
125.7
203.3
328.9
1,550.8

7.9
38.5
63.7
140.8
262.3
834.5

53.3
118.2
163.3
294.8
453.0
2,258.1

7.4
34.4
72.5
160.0
313.9
922.2

71.5
123.2
195.7
338.7
490.5
2,530.9

8.1
56.6
98.1
98.2
77.6
72.6

49.8
148.5
282.0
308.2
292.1
241.5

9.1
44.6
78.3
113.8
98.7
86.9

45.3
133.2
268.2
339.3
288.1
214.2

12.0
52.0
92.7
115.4
111.0
93.0

43.2
143.9
300.3
381.8
350.1
260.0

9.1
63.5
105.6
127.9
146.5
125.8

67.1
196.2
362.1
533.0
466.8
310.4

11.6
77.6
134.0
185.3
178.0
156.4

85.1
259.7
491.7
735.4
676.6
468.2

14.2
69.5
144.6
248.7
190.2
163.1

73.6
298.9
543.1
842.6
691.9
526.2

24.2
36.7
46.7
113.0

83.2
112.6
186.4
371.3

18.7
38.4
57.9
98.5

70.1
111.7
172.3
340.4

23.0
51.7
47.3
104.5

83.8
133.3
189.1
387.8

21.0
54.2
74.6
146.3

78.9
157.7
238.6
530.0

25.4
58.0
72.6
214.3

105.4
181.2
280.8
799.3

20.6
68.4
69.1
226.6

136.2
196.8
308.3
851.0

72.1
6.3

231.3
64.8

69.7
12.0

222.8
77.5

76.8
15.5

252.1
77.0

96.0
16.6

338.3
100.4

122.6
18.0

488.6
117.4

140.8
24.9

561.4
153.3

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

38.3
169.5
67.7
0.6

114.6
664.5
186.3
46.6

39.3
147.0
70.5
3.3

122.6
601.3
189.7
53.1

49.2
156.1
81.2
3.6

137.4
705.6
225.9
57.0

52.4
248.4
113.3
3.6

168.9
921.6
302.9
107.8

65.1
350.0
116.0
8.6

227.7
1,247.3
456.1
180.5

67.3
336.5
139.8
11.7

268.5
1,421.7
468.7
162.2

Housing status
Owner
Renter or other

100.6
2.0

272.6
42.2

98.9
3.2

270.6
38.6

103.8
4.8

305.1
43.8

132.2
4.2

405.5
43.2

172.7
4.8

560.6
54.9

184.7
4.1

624.5
54.1

0.1
-0.5
21.0
23.1
87.3
89.7
211.7
227.7
691.0
1,269.3
† Less than 0.05 ($50).

0.5
23.5
87.8
204.0
668.0

-0.6
25.4
90.6
218.6
1,252.3

1.0
28.3
95.1
221.7
679.9

-0.2
30.6
99.6
238.6
1,445.5

0.5
32.8
120.8
309.4
899.8

-1.9
36.0
128.7
322.0
1,941.3

1.2
41.0
157.9
431.5
1,312.3


44.4
167.3
452.0
2,763.3

1.7
43.6
171.0
506.8
1,429.5

-1.3
47.2
185.5
526.9
3,110.5

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100
Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more
Education of head
No high school diploma
High school diploma
Some college
College degree
Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

4. Value of financial assets of all families, distributed by type of asset, 1989-2004 surveys
Percent
Type of financial asset
1989
1992
1995
1998
2001
Transaction accounts
18.5
17.4
13.9
11.3
11.6
Certificates of deposit
9.8
8.0
5.6
4.3
3.1
Savings bonds
1.5
1.1
1.3
0.7
0.7
Bonds
9.3
8.4
6.3
4.3
4.5
Stocks
15.2
16.4
15.6
22.6
21.3
Pooled investment funds
(excluding money
market funds)
5.4
7.6
12.6
12.3
12.1
Retirement accounts
21.1
25.5
28.0
27.4
28.6
Cash value life insurance
5.9
6.1
7.1
6.3
5.3
Other managed assets
7.3
5.4
5.8
8.9
10.8
Other
6.0
4.1
3.6
1.9
2.1
Total
100
100
100
100
100
Memo
Financial assets as a
31.1
31.7
36.8
40.8
42.5
share of total assets
Note: For this and following tables, see text for definition of asset categories. Also see note to table 1.

2004
13.2
3.7
0.5
5.3
17.5
14.6
32.0
3.0
8.0
2.2
100

35.7

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
1989 Survey of Consumer Finances
Family characteristic

Transaction
accounts

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Cash
value
life
insurance

Other
managed
assets

Any
financial
asset

Other

Percentage of families holding asset
All families

85.6

19.9

23.9

5.7

16.9

7.3

37.0

35.5

3.7

14.5

88.9

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

55.3
83.0
92.9
97.8
98.2
99.4

7.8
20.9
22.4
20.3
22.9
33.4

4.8
13.8
25.1
35.1
46.2
35.4

*
*
3.9
5.6
7.3
26.3

*
9.5
12.5
18.5
29.1
55.1

*
2.6
6.7
7.0
15.0
23.7

4.1
16.4
38.2
51.7
70.0
79.4

13.1
26.3
34.8
48.3
51.2
58.9

*
2.9
2.8
4.0
5.5
11.3

9.2
13.7
15.2
16.1
14.1
22.6

61.8
87.9
96.1
98.9
99.9
99.7

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

80.2
86.1
87.9
85.6
90.5
90.3

8.8
16.6
20.1
22.4
32.0
41.7

26.0
31.6
22.5
20.2
18.8
14.0

1.5
4.1
5.2
9.8
12.4
8.1

10.9
16.5
22.1
20.8
18.7
18.9

2.0
7.7
9.6
10.2
9.7
11.4

27.0
49.4
52.2
47.4
30.1
6.3

24.8
41.3
41.3
43.3
38.8
28.7

2.7
3.3
3.6
3.5
5.6
5.9

15.5
15.2
16.3
14.9
13.3
8.0

84.8
90.4
90.8
87.7
92.6
91.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

92.6
64.7

25.0
4.7

28.0
11.6

7.2
1.1

21.0
4.6

9.4
1.0

43.4
18.0

40.0
22.2

4.6
1.1

15.5
11.7

95.2
70.3

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

89.0
96.1
84.1
43.9

15.2
24.1
32.6
4.9

29.8
23.7
15.9
*

3.9
10.4
8.8
*

16.9
25.1
16.5
4.8

6.3
12.2
8.9
*

46.6
44.6
20.0
6.4

37.1
47.4
32.9
11.9

3.7
3.8
4.3
*

15.4
22.4
10.1
11.1

92.7
98.6
85.9
51.5

Housing status
Owner
Renter or other

94.6
69.6

25.3
10.3

29.2
14.6

7.7
2.2

22.8
6.5

10.1
2.3

48.6
16.5

45.5
17.8

4.9
1.5

14.3
14.9

96.0
76.2

56.5
89.5
97.2
98.4
100.0

*
14.4
25.8
34.0
44.5

8.7
19.7
32.2
36.4
32.9

*
*
2.8
11.0
30.2

1.6
9.6
15.5
31.4
55.1

*
3.1
6.9
11.9
29.5

7.8
29.9
43.3
65.5
69.6

13.5
28.4
45.6
50.3
60.8

*
*
4.0
6.4
13.9

9.3
15.8
11.7
15.9
29.3

63.8
93.8
98.2
99.6
100.0

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

1989 Survey of Consumer Finances
Family characteristic

All families

Transaction
accounts

Certificates
of deposit

Savings
bonds

Cash
Other
value
managed
life
assets
insurance
Median value of holdings for families holding asset (thousands of dollars)
Bonds

Pooled
investment
funds

Stocks

Retirement
accounts

Any
financial
asset

Other

2.1

12.0

0.6

28.0

8.0

13.0

11.0

3.0

28.0

3.0

11.6

0.5
1.0
2.0
2.8
4.8
15.0

13.0
10.0
11.0
10.0
9.0
20.0

0.2
0.7
0.6
0.5
0.5
1.0

*
*
16.0
20.0
27.0
35.0

*
5.0
4.0
5.0
5.0
15.0

*
10.0
6.0
10.0
8.0
25.0

5.0
3.0
7.2
9.0
15.0
45.0

0.9
2.0
2.0
3.0
5.0
10.0

*
20.0
7.0
32.0
32.0
60.0

0.8
1.0
2.0
3.0
3.0
16.0

1.0
4.4
8.4
15.1
29.6
148.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

1.0
2.1
2.9
3.4
3.5
5.0

4.0
7.0
9.0
15.0
20.0
29.0

0.5
0.5
0.5
2.0
2.0
3.0

7.0
10.0
10.0
35.0
35.0
30.0

3.0
4.0
5.0
20.0
25.0
25.0

1.0
4.0
12.0
25.0
18.0
30.0

4.0
10.0
16.0
24.0
15.0
16.0

2.0
3.0
5.0
5.0
2.0
2.0

16.0
18.0
10.0
70.0
48.0
32.0

0.7
3.0
4.0
5.0
8.0
10.0

3.0
14.5
18.4
26.3
19.5
29.3

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

2.9
1.0

12.0
11.0

0.6
0.5

28.0
25.0

9.0
2.0

13.0
20.0

12.0
6.0

3.0
2.0

32.0
8.0

3.0
0.8

16.2
2.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

2.0
4.4
3.5
0.8

7.0
15.0
22.0
2.0

0.5
0.5
2.0
*

10.0
35.0
30.0
*

4.0
10.0
21.0
30.0

5.0
21.0
23.0
*

10.0
22.0
15.0
2.0

3.0
6.0
2.0
1.0

18.0
60.0
45.0
*

2.0
6.0
8.0
0.7

9.6
19.6
20.6
1.0

Housing status
Owner
Renter or other

3.2
1.0

15.0
6.0

0.7
0.5

28.0
20.0

8.0
5.0

15.0
2.0

14.0
4.0

3.0
2.0

26.0
45.0

5.0
1.0

20.2
2.3

0.5
*
0.3
*
0.2
1.4
5.0
0.5
*
2.0
2.9
10.0
0.5
7.0
3.0
6.1
20.0
1.0
20.0
12.0
22.8
38.0
2.0
70.0
34.0
* Fifty (ten observations over five implicates) or fewer total observations.

*
2.0
6.0
14.0
31.0

1.0
3.8
10.0
25.0
48.0

0.8
2.0
3.0
5.0
9.0

*
*
8.0
40.0
100.0

0.6
2.0
3.0
5.0
16.0

0.8
5.5
18.4
69.0
249.5

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
1989 Survey of Consumer Finances
Family characteristic

Transaction
accounts

Cash
Other
value
Other
managed
life
assets
insurance
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
33.1
4.1
109.5
60.3
49.8
38.2
11.2
132.9
27.7

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Any
financial
asset

All families

14.5

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

3.5
8.0
7.9
10.5
14.1
58.4

21.1
22.9
27.8
29.4
22.6
70.2

3.6
3.7
4.2
3.5
2.1
8.4

*
*
38.8
50.9
65.6
180.3

*
10.9
23.8
29.9
32.6
130.0

*
20.7
17.2
32.1
18.7
107.1

16.6
22.8
14.8
18.8
35.8
96.5

5.3
4.4
5.4
8.6
11.2
30.9

*
31.6
65.5
116.7
60.7
271.9

13.3
5.9
7.6
34.2
15.4
91.4

12.0
23.6
32.0
52.7
73.6
376.4

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

4.1
8.1
17.4
22.9
23.1
29.2

8.4
14.2
22.3
48.1
48.4
47.3

1.2
1.9
2.8
7.4
12.4
14.2

17.2
90.3
108.6
87.3
115.0
216.9

13.3
24.8
52.2
70.9
134.3
115.4

4.2
24.3
56.2
55.0
46.5
104.2

9.3
29.8
52.1
62.3
49.2
33.0

7.2
11.8
13.5
14.3
9.2
10.5

108.3
138.7
164.6
118.6
132.9
141.5

22.7
20.4
31.6
23.2
53.1
31.8

19.8
51.9
95.5
118.7
124.7
126.3

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

16.5
6.1

33.7
23.2

4.4
2.4

113.0
45.1

63.5
16.2

50.5
29.7

40.2
23.8

12.0
7.1

142.2
20.1

31.3
13.6

89.1
20.7

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

7.4
34.1
23.1
3.1

17.4
54.1
42.9
27.5

2.0
7.7
10.9
*

74.5
170.6
116.0
*

30.4
105.7
98.9
57.8

28.9
114.4
45.8
*

28.6
80.5
49.0
13.7

10.7
19.9
7.7
2.8

113.9
302.4
106.4
*

12.8
56.8
44.5
49.6

46.6
177.8
101.5
27.4

Housing status
Owner
Renter or other

17.5
7.4

36.3
18.9

4.9
1.5

118.1
55.4

63.9
37.7

54.3
15.3

43.2
12.2

11.4
10.1

121.5
197.5

34.0
17.2

97.2
27.1

*
4.1
9.5
21.9
103.1

2.4
5.8
17.5
39.1
113.6

1.2
4.4
7.7
11.0
31.3

*
*
18.5
45.4
307.6

1.0
4.2
9.3
16.5
108.1

1.5
8.8
27.0
80.6
460.2

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

0.8
*
0.6
*
0.9
2.9
7.3
1.1
*
5.1
6.4
17.2
2.3
9.6
8.3
16.3
34.6
5.0
26.0
27.4
76.9
77.1
14.0
189.7
153.0
* Fifty (ten observations over five implicates) or fewer total observations.

75.5

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
1992 Survey of Consumer Finances
Family characteristic

Transaction
accounts

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Percentage of families holding asset
17.0
10.4
39.6

All families

86.9

16.7

22.3

4.3

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

62.1
84.7
91.3
97.7
98.8
98.7

10.9
16.6
16.9
18.1
21.1
21.1

6.9
11.6
20.4
33.6
40.8
37.3

*
2.1
2.2
4.5
6.0
17.5

4.3
7.6
13.7
21.4
28.0
48.0

2.3
6.1
8.6
12.6
17.1
27.9

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

81.3
86.8
88.9
90.2
88.9
91.8

7.4
9.0
15.9
20.5
31.1
37.7

22.9
29.3
25.1
19.5
13.8
14.3

1.5
2.5
5.6
4.9
7.5
8.5

10.8
19.4
18.7
21.9
16.2
19.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

93.2
67.9

19.8
7.2

26.0
11.2

5.3
1.2

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

89.9
95.8
85.6
59.0

11.8
18.4
30.1
4.6

27.7
23.0
14.5
10.0

Housing status
Owner
Renter or other

94.0
74.3

21.6
8.1

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

65.0
87.6
95.6
99.3
99.7

1.6
9.5
22.6
31.7
35.4

Cash
value
life
insurance

Other
managed
assets

Any
financial
asset

Other

34.9

4.0

11.1

90.3

5.6
22.7
37.6
55.1
73.9
80.7

16.1
25.4
34.8
45.2
50.0
55.6

*
3.3
3.2
5.0
6.6
9.5

8.7
10.1
10.4
12.3
11.6
16.3

68.2
89.2
95.0
99.5
100.0
98.8

5.2
10.0
9.4
16.0
14.3
14.4

31.4
49.7
51.3
52.2
35.0
6.3

25.5
36.0
38.4
42.4
39.4
34.9

1.7
3.0
5.5
5.1
5.8
5.9

12.6
11.1
11.7
11.5
10.3
6.3

85.8
91.0
92.6
92.5
91.2
92.1

20.6
5.9

12.8
3.2

45.1
22.9

38.6
23.5

4.9
1.2

12.0
8.3

95.5
74.1

3.3
7.2
6.2
*

18.3
25.7
14.5
4.5

10.3
14.7
11.5
2.0

49.7
49.3
21.8
16.3

36.7
41.0
34.2
16.3

3.9
2.6
5.7
*

10.7
19.0
7.3
14.8

93.2
98.1
88.1
66.6

27.5
13.2

5.9
1.3

22.4
7.4

13.8
4.4

48.9
23.3

43.2
20.2

5.3
1.7

10.1
12.9

95.7
80.6

9.2
19.1
29.0
33.6
29.3

*
*
2.1
7.9
23.5

2.3
8.5
17.2
31.0
53.3

*
4.3
10.1
21.7
34.2

12.0
32.0
46.5
64.2
73.8

12.5
32.1
40.6
50.2
60.7

*
*
4.4
7.8
13.9

7.4
10.4
12.1
12.0
17.9

71.4
92.1
97.9
99.5
99.9

1992 Survey of Consumer Finances
Family characteristic

All families

Transaction
accounts

Certificates
of deposit

Savings
bonds

Cash
Other
value
managed
life
assets
insurance
Median value of holdings for families holding asset (thousands of dollars)
Bonds

Pooled
investment
funds

Stocks

Retirement
accounts

Any
financial
asset

Other

2.3

11.0

0.6

30.0

8.0

16.0

14.0

3.1

20.0

2.6

11.5

0.6
1.1
1.8
2.7
4.9
15.7

6.5
16.0
15.0
6.5
10.0
15.0

0.3
0.4
0.5
0.6
0.9
1.0

*
13.0
18.0
40.0
15.0
81.0

5.0
4.0
4.8
5.0
6.0
26.0

17.0
6.0
15.0
12.5
22.0
27.0

8.0
4.5
7.0
12.0
20.0
48.0

1.0
1.8
2.3
3.5
5.0
10.0

*
16.0
16.0
20.0
18.0
50.0

1.0
2.2
3.0
2.0
3.0
20.0

1.3
3.8
7.8
17.3
39.1
129.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

1.3
2.0
3.0
3.0
3.8
4.0

4.5
5.0
8.0
15.0
20.0
24.0

0.4
0.6
0.8
1.0
0.8
1.1

10.0
20.0
40.0
50.0
32.0
35.0

2.0
4.0
10.0
13.0
15.0
25.0

2.5
17.9
15.0
25.0
30.0
21.0

4.5
9.2
27.0
30.0
20.0
28.0

1.9
3.5
4.5
6.7
2.3
1.9

20.0
8.0
20.0
40.0
32.0
20.0

1.0
3.0
5.0
5.0
7.0
5.0

3.7
10.0
19.0
28.6
25.5
21.1

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

2.9
1.0

11.0
8.0

0.6
0.5

30.0
30.0

8.0
5.0

16.0
16.0

15.0
8.0

3.1
3.1

22.0
9.0

3.0
1.3

15.6
3.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

2.0
5.0
3.0
1.0

7.0
10.0
20.0
6.5

0.6
0.5
1.0
0.5

25.0
50.0
32.0
*

5.0
11.0
16.0
8.0

12.0
25.0
25.0
10.6

11.9
25.0
18.0
8.8

3.2
6.4
2.3
4.8

20.0
95.0
20.0
*

2.0
7.0
6.0
1.8

10.2
20.0
16.7
3.0

Housing status
Owner
Renter or other

3.4
1.0

12.0
7.5

0.7
0.5

30.0
25.0

10.0
3.2

18.0
10.0

18.0
4.3

3.5
2.0

20.0
20.0

5.0
1.5

21.7
2.8

*
4.1
9.0
16.0
50.0

1.0
4.0
13.7
28.5
75.0

0.8
1.7
3.0
5.0
10.0

*
*
11.0
16.0
66.0

0.7
2.0
2.9
5.0
30.0

0.8
6.0
22.2
73.9
254.3

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

0.4
1.6
0.3
*
0.5
1.4
5.0
0.4
*
2.0
3.1
10.0
0.5
11.0
3.9
6.2
18.0
1.0
18.0
10.0
23.3
30.0
2.0
100.0
45.0
* Fifty (ten observations over five implicates) or fewer total observations.

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
1992 Survey of Consumer Finances
Family characteristic

Transaction
accounts

Cash
Other
value
Other
managed
life
assets
insurance
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
33.0
3.5
136.2
66.8
50.4
44.5
12.1
93.5
25.9

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Any
financial
asset

All families

13.8

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

3.2
5.3
9.3
9.3
16.4
56.7

17.3
26.2
37.3
30.1
31.3
59.9

4.1
2.2
2.4
2.3
4.2
6.8

*
17.4
30.9
76.5
39.0
264.8

14.5
19.4
24.5
24.6
41.5
167.6

23.9
23.3
31.1
31.3
43.8
99.7

15.9
12.3
16.5
28.0
39.9
119.7

3.3
7.8
8.7
9.2
13.1
28.9

*
36.3
34.8
41.2
67.2
253.6

3.5
14.8
10.5
10.2
17.8
112.2

10.7
22.2
35.1
51.1
88.5
385.4

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

5.2
9.1
14.9
20.8
20.4
25.5

12.7
15.5
20.4
31.3
42.9
53.8

1.8
2.7
3.6
5.6
4.5
9.8

18.0
115.7
129.6
202.1
140.6
155.1

12.5
22.5
81.0
102.2
131.5
104.4

7.6
34.6
39.4
85.8
68.4
52.4

13.4
27.4
69.4
72.0
54.2
55.6

7.5
12.2
12.3
23.7
8.7
6.0

46.4
59.7
88.0
113.8
116.9
126.4

5.9
18.9
31.9
57.7
41.7
29.9

17.8
46.9
99.9
143.1
117.5
109.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

15.9
5.3

34.9
17.8

3.6
3.0

135.6
143.8

70.0
32.5

51.8
32.3

47.8
25.2

12.0
12.7

96.7
51.5

27.2
19.8

89.0
28.2

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

9.1
29.2
18.3
7.8

17.9
37.4
45.0
19.0

2.6
4.1
6.2
6.8

98.5
202.9
147.5
*

36.5
126.7
102.4
67.4

35.2
89.2
56.7
76.8

37.8
79.0
48.3
26.2

12.3
19.0
7.1
18.4

60.3
362.7
93.7
*

15.1
49.4
46.1
5.7

55.6
164.7
93.4
29.6

Housing status
Owner
Renter or other

17.4
5.8

34.5
26.0

3.8
2.3

139.3
111.3

73.6
29.8

54.6
27.2

51.8
17.6

13.3
7.5

94.0
90.2

38.8
8.0

101.5
24.5

*
5.9
12.4
27.8
116.0

2.2
6.4
19.5
42.2
145.6

1.6
3.7
9.4
14.0
30.6

*
*
19.2
29.5
226.8

1.3
4.4
10.5
18.6
115.9

1.7
8.8
29.8
82.5
472.8

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

0.8
2.3
0.5
*
1.1
3.0
8.4
1.4
*
4.1
7.4
15.9
1.8
17.0
8.3
16.2
36.4
4.8
23.2
20.5
70.6
75.7
11.4
230.0
186.5
* Fifty (ten observations over five implicates) or fewer total observations.

76.7

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
1995 Survey of Consumer Finances
Family characteristic

Transaction
accounts

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Percentage of families holding asset
15.2
12.3
45.2

All families

87.4

14.3

22.8

3.1

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

63.1
85.3
92.0
97.3
98.7
99.8

9.1
16.0
13.7
14.7
17.2
19.1

5.0
14.6
22.0
31.7
42.0
39.3

*
*
2.3
3.5
5.1
12.4

2.7
9.4
11.7
17.9
27.3
41.4

1.5
5.5
9.8
15.8
22.0
36.2

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

80.9
87.6
89.2
88.8
91.7
93.2

7.2
8.1
12.5
17.1
24.0
34.7

20.4
31.0
25.3
20.3
17.0
15.3

*
1.7
4.5
3.1
5.7
7.0

10.8
14.6
17.7
15.0
18.6
19.7

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

92.8
68.7

16.7
6.2

26.2
10.8

3.8
0.6

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

90.0
91.9
87.0
58.2

10.4
18.7
23.3
7.9

26.6
25.8
15.2
12.8

Housing status
Owner
Renter or other

95.3
72.9

17.4
8.7

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

64.4
89.9
96.2
98.7
99.7

1.8
8.7
17.7
27.0
32.2

Cash
value
life
insurance

Other
managed
assets

Any
financial
asset

Other

32.0

3.9

11.8

91.2

8.8
27.8
48.0
63.5
73.3
82.1

16.0
26.5
28.9
39.9
46.0
51.2

*
3.6
4.0
4.4
5.9
7.9

8.9
9.8
14.2
12.0
12.1
16.2

70.3
91.0
96.6
98.2
100.0
100.0

8.0
11.2
16.3
16.3
15.0
10.3

40.7
54.3
57.4
50.9
36.6
15.7

22.8
29.3
38.4
37.4
37.5
35.8

1.6
3.5
3.0
7.7
5.9
5.2

14.1
11.2
13.3
11.4
11.0
6.0

87.0
92.2
93.0
91.2
93.0
94.2

18.2
5.1

14.8
3.6

49.1
31.5

34.1
24.8

4.8
1.0

12.5
9.4

95.0
78.1

2.5
5.3
4.2
*

15.3
18.7
16.6
3.9

12.4
19.0
11.5
4.4

55.8
50.7
25.0
17.9

32.2
41.9
32.1
13.3

3.6
3.1
5.3
*

12.1
18.7
7.7
13.5

94.4
94.6
89.1
65.4

28.3
12.7

4.3
0.9

19.2
7.9

16.0
5.5

54.3
28.4

38.8
19.4

5.0
1.9

10.5
14.1

96.7
81.1

8.3
20.0
27.3
34.8
36.5

*
*
1.4
4.9
18.2

2.8
8.8
13.5
29.3
45.5

1.8
5.3
11.3
23.5
41.7

15.0
42.0
51.8
66.3
80.3

11.3
27.1
38.6
47.3
56.2

*
1.9
3.4
6.4
14.4

9.2
10.6
12.7
11.8
19.1

72.0
95.0
97.9
100.0
100.0

1995 Survey of Consumer Finances
Family characteristic

All families

Transaction
accounts

Certificates
of deposit

Savings
bonds

Cash
Other
value
managed
life
assets
insurance
Median value of holdings for families holding asset (thousands of dollars)
Bonds

Pooled
investment
funds

Stocks

Retirement
accounts

Any
financial
asset

Other

2.1

10.0

1.0

29.2

9.0

20.0

17.0

5.0

30.0

3.0

15.6

0.7
1.3
1.6
2.5
4.3
13.0

8.0
10.0
10.0
10.0
18.0
18.0

0.5
0.8
0.7
0.8
1.8
1.5

*
*
25.0
29.0
15.0
50.0

2.0
6.3
7.0
4.8
8.0
20.0

25.0
8.5
10.0
14.0
23.0
50.0

10.0
10.0
8.0
15.0
24.6
70.0

1.8
3.4
3.5
6.0
9.2
10.0

*
15.0
25.0
26.0
35.0
55.0

2.0
1.8
3.0
4.0
2.3
13.0

1.5
6.1
9.5
21.4
47.3
150.6

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

1.2
2.0
3.0
3.1
3.2
5.0

5.3
5.3
12.0
14.0
20.0
13.0

0.5
1.0
1.0
1.5
1.2
4.8

*
11.0
25.0
10.0
50.0
40.0

3.0
4.5
10.0
19.0
20.0
18.0

5.5
10.0
21.0
56.0
54.7
50.3

6.0
14.7
28.0
32.0
29.0
23.5

3.5
5.3
7.8
5.3
5.0
5.0

4.5
11.0
57.0
50.0
35.0
65.0

1.0
2.0
5.0
9.0
9.0
30.0

5.4
13.6
26.8
32.8
21.1
23.1

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

2.5
1.3

11.0
10.0

1.0
0.5

29.2
27.0

9.2
2.4

21.2
6.4

18.1
12.0

5.0
5.3

30.0
6.0

4.0
1.1

18.9
5.6

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

2.0
4.5
3.0
0.6

8.0
16.0
16.0
8.5

0.9
0.9
2.0
0.4

18.0
50.0
39.0
*

5.7
18.0
18.0
7.5

13.0
25.0
50.0
22.9

16.0
25.0
26.0
12.0

5.5
6.0
4.5
3.5

15.0
43.0
50.0
*

2.0
4.0
10.0
5.0

14.5
26.0
19.0
2.5

Housing status
Owner
Renter or other

3.0
1.2

11.0
8.0

1.0
1.0

39.0
7.0

10.0
3.7

22.0
10.0

20.0
7.0

6.0
3.5

35.0
14.0

5.0
1.5

24.3
4.5

2.0
3.5
10.0
21.0
81.0

1.2
7.5
16.0
35.0
99.0

1.2
3.4
5.0
7.0
17.0

*
8.5
11.0
25.0
118.0

0.8
1.5
4.2
9.0
26.8

1.0
8.1
24.9
83.8
323.9

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

0.6
1.3
0.2
*
0.6
1.4
5.0
0.6
*
1.8
2.5
10.0
1.0
10.0
4.8
6.6
15.0
1.5
20.0
10.0
19.5
35.0
2.7
70.0
50.0
* Fifty (ten observations over five implicates) or fewer total observations.

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
1995 Survey of Consumer Finances
Family characteristic

Transaction
accounts

Cash
Other
value
Other
managed
life
assets
insurance
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
36.2
5.3
188.2
94.1
94.1
57.0
20.5
136.0
28.0

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Any
financial
asset

All families

14.6

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

4.1
5.5
8.2
10.0
14.5
64.2

17.3
27.5
28.1
33.0
36.9
84.8

5.5
5.5
3.6
4.1
5.4
8.5

*
*
40.3
54.2
87.7
378.5

25.7
33.8
30.3
28.5
57.0
248.0

37.3
70.6
48.5
59.6
71.2
174.4

25.6
25.3
23.4
32.0
51.4
168.2

6.5
11.3
12.6
19.4
25.4
44.8

*
62.0
64.2
112.1
152.6
293.3

14.3
11.4
11.6
19.8
31.4
101.4

16.0
33.7
41.9
68.9
120.8
497.1

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

3.6
8.1
17.7
23.1
25.0
24.9

11.1
18.1
42.6
42.5
52.7
37.2

1.9
3.5
4.3
7.6
12.2
14.3

*
142.9
126.6
298.5
260.2
187.9

11.1
44.4
78.8
171.7
151.3
178.3

14.8
41.5
95.2
133.2
172.0
162.8

18.9
35.8
86.7
92.2
83.9
59.7

17.7
19.8
28.6
18.8
20.0
13.1

63.5
85.5
164.3
133.7
122.1
265.1

10.4
17.1
34.8
41.3
59.0
51.9

23.9
57.8
137.2
169.9
170.2
142.5

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

16.2
7.1

36.8
30.3

5.5
2.8

187.7
200.2

97.3
54.2

98.1
36.1

61.5
33.1

19.7
24.3

132.6
194.9

31.2
13.3

114.8
40.9

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

8.9
39.5
19.0
5.9

26.9
53.5
41.3
22.6

3.7
5.0
12.4
1.7

101.6
302.6
250.4
*

60.9
157.5
139.6
32.2

62.6
134.1
148.1
68.3

49.9
91.4
68.9
38.3

20.7
32.4
14.1
16.2

94.5
267.8
176.8
*

19.4
49.2
44.5
15.0

76.0
207.3
127.1
35.8

Housing status
Owner
Renter or other

17.1
8.7

40.5
20.3

5.6
3.9

196.8
109.5

105.7
42.3

97.1
78.0

65.0
29.2

22.4
13.4

150.5
65.2

37.7
14.7

129.0
38.6

2.3
5.9
18.2
37.8
231.4

3.7
10.6
22.6
58.1
196.9

2.2
6.7
14.4
24.7
51.4

*
13.0
23.9
49.3
319.0

1.8
3.9
13.2
29.4
116.1

2.7
12.0
33.9
99.6
652.4

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

1.1
2.6
0.6
*
2.7
3.0
8.0
1.6
*
4.3
6.5
15.9
2.5
16.0
10.9
15.5
31.6
7.6
31.5
20.3
80.9
93.5
14.8
303.3
284.8
* Fifty (ten observations over five implicates) or fewer total observations.

100.7

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
1998 Survey of Consumer Finances
Family characteristic

All families

Transaction
accounts

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Percentage of families holding asset
19.2
16.5
48.9

90.6

15.3

19.3

3.0

68.6
90.4
95.6
98.9
99.6
100.0

11.8
16.5
15.4
14.6
18.6
18.2

5.2
12.1
19.4
25.8
34.9
33.1

*
*
2.7
3.0
3.1
11.0

4.0
9.3
17.8
21.7
32.4
53.8

3.1
8.7
13.6
20.6
28.9
44.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

84.7
90.5
94.1
93.9
94.1
90.0

6.2
9.4
11.8
18.8
29.9
35.9

17.1
24.9
21.8
18.1
16.1
12.0

1.0
1.5
2.8
3.7
7.2
5.9

13.1
18.9
22.6
25.2
21.1
18.0

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

95.0
76.2

18.0
6.5

22.3
9.4

3.8
0.4

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

93.0
95.4
87.4
69.1

11.1
11.7
28.8
7.6

21.8
20.2
14.3
12.2

Housing status
Owner
Renter or other

96.4
79.4

18.9
8.3

72.4
91.7
98.6
99.8
100.0

3.0
9.8
19.7
30.1
27.1

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

Retirement
accounts

Cash
value
life
insurance

Other
managed
assets

Any
financial
asset

Other

29.6

6.0

9.8

93.1

9.7
30.5
53.6
69.3
75.0
87.5

16.9
22.3
28.1
34.1
44.4
48.8

3.0
4.6
4.0
7.0
7.3
14.9

8.7
8.1
11.5
9.9
9.1
12.6

75.7
93.0
97.4
99.3
99.8
100.0

12.2
16.0
23.0
15.2
18.0
15.1

39.8
59.6
59.2
58.2
46.1
16.7

18.1
29.0
32.9
36.0
39.1
32.6

1.9
3.9
6.5
6.7
11.8
11.6

10.4
12.0
9.4
8.7
8.6
7.1

88.8
93.3
95.3
95.6
95.6
92.1

22.3
9.1

18.9
8.3

53.7
32.6

32.2
20.8

7.3
1.6

10.2
8.4

96.5
81.6

1.9
5.4
5.2
*

19.5
26.5
17.3
8.4

16.6
24.7
14.7
5.0

58.9
53.5
28.9
17.6

27.6
39.6
32.6
17.1

4.3
8.7
10.0
*

9.8
14.8
7.4
10.9

95.0
96.9
90.3
75.3

23.3
11.5

3.8
1.3

24.9
8.0

21.0
7.5

58.3
30.2

37.0
15.2

7.8
2.4

9.2
11.0

97.6
84.2

7.0
16.2
24.1
28.0
32.9

*
*
2.3
3.5
17.0

3.2
9.3
18.9
36.4
58.8

2.1
8.6
15.4
35.5
46.1

18.5
44.2
56.4
72.1
82.7

10.7
23.8
35.5
45.6
52.5

*
2.3
5.9
10.3
22.2

7.9
10.3
8.7
10.6
14.9

78.1
95.1
99.1
99.9
100.0

1998 Survey of Consumer Finances
Family characteristic

All families

Transaction
accounts

Certificates
of deposit

Savings
bonds

Cash
Other
value
managed
life
assets
insurance
Median value of holdings for families holding asset (thousands of dollars)
Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Any
financial
asset

Other

3.0

15.0

1.0

45.0

18.0

25.0

24.0

7.3

32.0

3.0

22.5

0.7
1.5
2.2
4.3
7.6
18.0

10.0
20.0
12.0
15.0
16.0
20.0

1.3
1.0
0.5
0.7
1.4
1.0

*
*
22.0
18.9
19.0
105.0

17.0
9.6
7.5
14.0
18.0
50.0

17.0
25.0
10.0
18.0
22.0
60.0

6.1
9.0
12.0
21.0
43.0
90.0

4.2
5.0
5.0
7.0
10.0
18.0

20.0
26.0
23.0
30.0
25.0
90.0

0.7
1.3
2.5
3.6
7.0
25.0

1.8
6.7
16.0
36.3
80.9
221.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

1.5
2.8
4.4
4.2
5.6
6.0

2.5
8.0
11.0
17.0
20.0
30.0

0.5
0.7
1.0
1.5
2.0
5.0

3.0
55.4
31.8
100.0
52.0
18.9

5.0
12.0
24.0
22.0
50.0
50.0

7.0
14.0
30.0
58.0
60.0
59.0

7.0
20.2
34.0
47.0
38.0
30.0

2.7
8.5
10.0
9.5
8.5
5.0

21.0
25.0
40.0
65.0
41.0
30.0

1.0
2.5
6.0
10.0
6.0
8.2

4.5
22.9
37.3
45.8
45.8
37.0

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

3.7
1.5

16.0
7.0

1.0
0.7

46.0
14.2

20.0
8.8

29.5
10.0

26.0
13.0

8.0
5.0

32.0
23.0

4.5
1.0

30.4
6.5

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

2.7
6.3
5.0
1.0

9.0
22.0
24.0
10.0

0.6
0.9
2.5
1.1

15.0
150.0
50.0
*

10.0
52.0
50.0
56.0

16.0
40.0
55.0
22.0

20.0
49.5
31.0
15.0

7.0
12.0
6.0
7.0

30.0
39.0
32.0
*

1.7
7.0
8.2
0.5

19.0
45.0
33.8
2.5

Housing status
Owner
Renter or other

4.9
1.1

18.0
10.0

1.0
0.6

41.5
50.0

20.0
8.0

29.5
12.0

30.0
7.8

8.0
5.0

32.0
23.0

5.8
1.0

41.2
3.5

1.5
6.0
14.5
37.0
110.0

2.1
8.1
28.0
58.9
125.0

1.2
5.0
7.0
10.0
20.0

*
10.0
21.0
25.0
125.0

0.5
1.5
6.0
6.0
25.0

1.0
10.4
43.0
145.0
464.3

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

0.6
1.5
0.2
*
0.7
1.7
6.2
0.5
*
3.0
4.8
15.0
1.0
10.0
8.0
10.5
25.0
2.0
24.0
27.0
22.6
44.0
2.0
100.0
87.0
* Fifty (ten observations over five implicates) or fewer total observations.

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
1998 Survey of Consumer Finances
Family characteristic

Transaction
accounts

Cash
Other
value
Other
managed
life
assets
insurance
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
37.6
4.7
192.8
158.9
101.0
75.6
28.8
201.2
26.0

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Any
financial
asset

All families

16.8

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

3.9
9.0
8.5
12.2
19.3
71.1

24.8
35.0
28.3
33.1
43.5
75.7

3.5
3.6
2.8
4.6
4.7
8.3

*
*
60.9
73.0
59.7
408.1

40.2
45.5
37.7
58.4
76.3
427.2

28.1
54.5
38.4
63.2
62.0
229.3

18.4
26.1
29.6
46.4
89.1
213.7

8.6
12.6
18.8
26.4
43.1
59.2

92.8
70.5
46.9
84.8
124.1
555.8

10.7
10.6
9.7
14.3
36.3
107.8

20.7
42.4
52.1
95.2
172.1
775.9

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

6.3
11.1
20.0
26.3
26.3
23.0

11.2
16.6
37.1
50.7
43.0
47.3

1.4
2.8
4.9
7.7
6.2
15.9

35.8
133.4
211.6
331.5
181.0
178.1

38.5
85.1
128.6
269.8
290.1
243.7

18.7
74.2
96.7
175.9
193.4
113.3

22.6
52.0
88.2
142.7
103.4
92.9

25.0
38.0
33.7
22.3
29.6
13.0

191.6
156.9
157.5
323.5
250.4
140.6

15.3
12.8
41.3
37.5
47.1
28.6

36.8
98.5
166.7
270.3
251.6
161.9

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

18.7
8.8

38.6
28.9

5.0
2.7

197.2
56.0

172.8
45.3

109.5
36.9

80.1
50.9

28.6
29.4

200.6
210.5

31.2
5.1

168.5
52.5

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

11.1
35.5
23.9
6.5

25.5
59.6
46.0
17.4

3.4
5.6
9.1
3.5

114.9
372.4
172.6
*

86.2
299.9
250.9
232.7

67.3
168.3
129.6
262.3

59.2
143.9
101.6
49.8

28.5
50.4
17.3
28.0

141.2
292.0
199.1
*

15.2
43.6
48.4
12.4

99.3
322.0
183.1
91.5

Housing status
Owner
Renter or other

21.1
6.7

41.5
20.2

4.9
4.0

205.6
120.9

177.9
43.2

112.5
38.1

87.6
30.1

31.1
17.5

214.4
115.6

34.1
12.7

192.2
37.2

4.0
9.4
23.8
56.7
270.6

4.4
12.5
36.5
78.1
263.0

3.3
7.5
16.1
32.6
82.2

*
15.1
30.2
42.8
485.1

2.0
5.7
16.7
20.7
112.5

3.3
14.9
51.7
153.2
948.7

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

1.3
2.6
0.7
*
1.9
3.5
9.8
1.4
*
6.4
9.3
22.5
3.3
19.6
16.8
23.1
42.2
8.6
47.0
42.1
84.4
92.3
8.6
318.6
463.7
* Fifty (ten observations over five implicates) or fewer total observations.

144.9

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
2001 Survey of Consumer Finances
Family characteristic

Transaction
accounts

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Percentage of families holding asset
21.3
17.7
52.7

All families

91.4

15.7

16.7

3.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

71.8
90.4
96.5
99.0
99.7
99.2

10.0
14.9
17.4
16.3
17.5
22.1

3.9
11.4
14.2
24.2
29.6
29.8

*
*
1.3
3.7
3.9
12.9

3.9
11.8
16.2
25.4
37.9
60.7

3.6
9.4
15.8
20.3
29.6
48.8

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

87.1
91.1
92.7
93.8
93.8
93.7

6.3
9.8
15.2
14.4
29.7
36.5

12.7
22.6
21.1
14.3
11.3
12.5

*
2.1
2.9
6.1
3.9
5.8

17.4
21.6
22.1
26.6
20.5
21.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

95.3
79.4

18.6
6.8

19.5
8.1

3.8
0.4

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

92.9
95.9
89.0
72.2

11.3
18.8
27.1
7.8

19.4
16.6
11.4
7.5

Housing status
Owner
Renter or other

96.8
80.3

20.0
6.7

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

73.7
94.4
98.2
99.4
99.6

1.8
8.8
23.4
29.9
26.8

Cash
value
life
insurance

Other
managed
assets

Any
financial
asset

Other

28.0

6.7

9.7

93.4

13.8
33.9
54.1
74.6
85.0
89.0

13.9
24.2
26.3
35.0
39.1
41.9

2.2
3.6
5.5
8.4
10.3
16.7

6.5
10.5
10.2
9.4
11.3
12.9

75.6
93.6
98.5
99.6
99.8
99.7

11.5
17.5
20.3
21.3
19.9
19.5

45.3
61.4
63.4
59.7
45.1
27.7

15.0
27.0
31.1
35.8
36.7
33.3

2.1
3.1
6.4
13.0
11.9
11.2

10.7
9.9
9.1
11.0
8.7
8.2

89.7
93.5
94.7
95.2
94.6
95.4

24.7
11.0

21.0
7.4

57.6
37.7

29.9
22.0

8.3
1.8

9.7
9.8

96.7
83.3

2.0
6.1
4.5
*

20.9
29.8
19.6
13.3

17.3
23.0
17.3
10.9

61.6
58.9
30.8
26.8

27.4
34.7
29.0
12.9

5.3
6.9
10.5
5.6

9.8
12.8
8.4
7.6

94.9
97.6
91.1
74.2

21.2
7.2

4.1
0.7

27.1
9.3

22.7
7.1

63.2
30.6

34.5
14.3

8.9
2.0

9.3
10.7

97.9
84.1

4.3
12.8
23.6
25.8
26.2

*
*
*
5.3
18.5

5.1
9.5
20.3
41.1
64.0

2.5
7.3
17.5
35.9
54.6

18.9
46.1
63.8
78.0
87.8

6.9
26.1
34.4
41.7
48.8

*
1.4
6.3
13.8
26.4

8.1
9.1
8.8
10.4
16.9

78.0
96.9
99.0
99.8
100.0

2001 Survey of Consumer Finances
Family characteristic

All families

Transaction
accounts

Certificates
of deposit

Savings
bonds

Cash
Other
value
managed
life
assets
insurance
Median value of holdings for families holding asset (thousands of dollars)
Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Any
financial
asset

Other

3.9

15.0

1.0

45.0

20.0

35.0

29.0

10.0

70.0

4.5

28.2

0.9
1.8
2.8
5.3
9.4
26.6

10.0
13.0
14.0
15.0
13.0
25.0

1.0
0.5
0.5
1.0
1.0
2.0

*
*
15.0
40.0
50.0
90.0

7.5
10.0
7.0
19.0
20.0
50.0

21.1
25.0
24.0
30.0
27.0
90.0

5.0
8.0
14.0
31.0
52.0
130.0

3.5
6.5
7.5
12.0
10.0
24.0

24.0
36.0
70.0
60.0
75.0
120.0

2.0
3.0
2.7
4.5
7.0
15.0

2.0
8.2
17.1
55.8
99.3
368.1

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

1.8
3.4
4.6
5.5
8.0
7.3

4.0
6.0
12.0
19.0
20.0
25.0

0.3
1.0
1.0
2.5
2.0
3.0

*
13.0
60.0
60.0
71.0
35.0

5.7
15.0
15.0
40.0
85.0
60.0

9.0
17.0
39.0
59.0
70.0
70.0

7.0
28.5
48.0
55.0
60.0
48.0

10.0
9.0
11.0
10.0
8.7
7.0

40.0
50.0
60.0
55.0
120.0
100.0

1.3
2.0
6.0
10.0
8.0
18.0

6.2
26.8
45.5
58.0
53.8
42.5

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

4.8
1.7

15.0
9.0

1.0
0.7

50.0
7.6

22.0
8.0

40.0
18.0

35.0
10.0

10.0
8.7

70.0
45.0

5.7
1.2

39.4
7.2

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

3.2
8.0
5.0
1.8

9.0
16.0
25.0
40.0

1.0
2.0
4.0
0.3

26.0
80.0
50.0
*

11.0
35.0
60.0
8.0

20.0
98.0
70.0
40.0

24.6
55.0
55.0
22.0

9.5
17.0
9.0
10.0

55.0
109.0
100.0
39.0

2.7
14.0
10.0
2.0

24.3
61.4
33.8
5.3

Housing status
Owner
Renter or other

5.8
1.2

15.0
10.0

1.2
0.4

50.0
30.0

23.0
6.3

40.0
10.0

39.0
7.0

10.0
7.5

70.0
40.0

6.0
2.0

51.4
3.9

2.0
5.0
15.0
38.0
149.0

2.0
7.5
30.0
80.0
200.0

1.8
5.0
9.5
11.0
30.0

*
10.0
22.0
70.0
200.0

1.0
3.0
4.2
10.0
35.0

1.3
10.6
54.7
204.2
717.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

0.7
1.5
0.2
*
1.5
2.2
5.0
0.5
*
3.5
5.5
11.0
1.0
*
8.3
13.6
20.0
2.0
20.0
25.0
37.6
40.0
2.0
92.0
130.0
* Fifty (ten observations over five implicates) or fewer total observations.

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
2001 Survey of Consumer Finances
Family characteristic

All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Transaction
accounts

24.3

Cash
Other
value
Other
managed
life
assets
insurance
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
37.5
7.9
289.6
192.2
131.6
104.5
36.1
310.9
41.5

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Any
financial
asset

205.7

5.1
9.1
11.7
17.6
25.2
117.0

23.0
26.9
29.8
34.5
37.0
81.5

4.4
4.8
2.8
10.5
3.7
15.7

*
*
31.9
102.7
129.3
556.1

21.6
37.1
47.7
88.8
90.6
500.8

75.6
53.1
61.7
72.8
91.2
288.8

22.8
30.3
47.0
70.5
109.4
308.3

9.2
15.5
26.9
36.8
43.5
81.2

137.4
145.7
197.1
173.3
233.6
689.9

19.1
10.9
23.2
24.3
20.4
186.7

24.5
46.0
81.7
149.7
235.9
1106.6

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

6.5
15.9
28.7
38.5
41.8
33.4

21.0
13.2
29.5
44.1
46.3
53.5

1.3
5.9
8.5
6.3
10.5
27.7

*
72.1
361.6
345.5
393.2
234.1

64.8
82.6
195.7
298.5
345.4
326.6

32.5
75.1
148.4
191.8
185.6
193.4

18.9
64.6
127.1
196.2
175.0
126.9

45.8
32.5
50.8
33.2
22.9
24.5

172.4
219.6
218.0
361.2
376.7
381.7

14.6
17.8
77.9
69.2
61.1
30.1

49.2
114.1
247.4
386.9
332.4
278.2

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

28.7
8.4

39.0
24.7

8.3
5.0

298.0
60.3

213.3
47.0

140.6
53.9

116.8
47.0

38.1
27.6

320.8
168.0

50.3
14.8

247.9
55.7

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

16.5
50.2
33.8
12.6

22.2
49.5
50.1
39.7

4.0
17.3
18.9
1.7

198.8
424.5
301.7
*

102.4
339.8
321.3
270.2

82.6
262.7
181.2
62.0

78.8
201.3
151.2
77.8

33.3
62.0
24.2
70.4

198.0
565.4
387.9
196.7

27.8
84.5
55.9
10.0

136.1
448.8
277.1
133.3

Housing status
Owner
Renter or other

31.1
7.3

38.8
29.1

7.9
7.4

307.3
83.3

209.5
86.6

144.0
48.9

121.7
30.3

38.2
25.3

330.4
129.5

52.3
21.8

271.5
45.5

2.9
11.0
26.6
66.5
335.0

3.8
14.0
42.7
113.6
377.3

3.3
10.3
25.4
40.2
95.6

*
20.2
37.0
104.0
677.6

2.4
5.5
11.2
33.0
183.8

3.2
17.5
67.3
216.8
1381.6

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

1.4
3.5
0.4
*
2.5
4.6
10.1
1.5
*
7.4
12.5
22.1
3.8
*
20.1
28.4
41.3
9.6
35.3
59.3
136.6
92.4
25.2
448.9
563.0
* Fifty (ten observations over five implicates) or fewer total observations.

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
2004 Survey of Consumer Finances
Family characteristic

All families

Transaction
accounts

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Percentage of families holding asset
20.7
15.0
49.7

91.3

12.7

17.6

1.8

75.6
87.4
95.6
98.5
99.1
100.0

5.3
12.3
11.9
14.9
16.5
21.4

6.2
8.9
15.4
26.6
32.2
29.7

*
*
*
2.1
3.0
8.8

5.1
8.5
16.3
28.1
35.8
54.6

3.5
7.7
12.6
18.7
26.5
38.8

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

86.4
90.8
91.8
93.2
93.9
96.4

5.6
6.7
11.9
18.1
19.9
25.7

15.3
23.3
21.0
15.2
14.9
11.0

*
0.6
1.8
3.3
4.3
3.0

13.3
18.5
23.2
29.1
25.4
18.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

95.5
80.6

15.3
6.0

21.1
8.5

2.5
*

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

92.2
94.4
90.4
76.2

9.8
14.2
20.2
7.9

20.1
18.7
11.4
14.5

Housing status
Owner
Renter or other

96.0
80.9

15.9
5.6

75.3
92.1
98.1
99.7
100.0

2.2
6.5
16.0
24.1
28.9

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

Retirement
accounts

Cash
value
life
insurance

Other
managed
assets

Any
financial
asset

Other

24.2

7.3

10.2

93.8

10.2
30.1
53.1
70.1
81.5
88.5

13.9
19.2
24.2
29.8
30.0
37.7

3.1
4.9
7.9
7.9
11.9
13.0

7.6
9.9
9.4
11.3
11.6
14.0

80.1
91.6
98.3
99.2
99.8
100.0

8.3
12.3
18.2
20.6
18.6
16.6

40.2
55.9
57.7
63.1
43.2
29.2

11.0
20.1
26.0
32.1
34.8
34.0

2.9
3.7
6.2
9.4
12.8
16.7

11.6
10.0
12.7
7.6
8.4
8.6

90.1
93.6
93.6
95.2
96.5
97.6

25.5
8.0

18.9
5.0

56.2
32.9

26.8
17.4

9.2
2.1

10.5
9.5

97.2
85.0

0.8
4.3
3.5
*

19.6
31.6
19.0
14.3

13.5
22.3
16.2
10.2

57.1
54.6
33.0
24.9

21.8
29.8
29.7
10.7

5.4
7.6
12.8
*

9.5
16.0
8.7
12.0

94.5
96.1
93.6
79.6

21.2
9.5

2.6
0.2

25.8
9.1

19.2
5.7

60.2
26.2

30.1
11.0

9.6
2.0

9.9
11.0

97.5
85.5

6.2
13.2
22.8
28.3
28.2

*
*
*
3.1
12.8

3.7
9.3
21.0
39.1
62.9

2.0
7.2
12.5
32.5
47.3

14.1
43.2
61.9
77.7
82.5

7.7
19.2
30.2
36.6
43.9

*
2.3
8.8
15.7
21.0

7.1
9.9
10.4
11.2
17.1

79.7
96.2
99.4
100.0
100.0

2004 Survey of Consumer Finances
Family characteristic

All families

Transaction
accounts

Certificates
of deposit

Savings
bonds

Cash
Other
value
managed
life
assets
insurance
Median value of holdings for families holding asset (thousands of dollars)
Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Any
financial
asset

Other

3.8

15.0

1.0

65.0

15.0

41.0

35.2

6.0

45.0

4.0

23.3

0.6
1.5
3.0
6.4
11.0
28.0

10.0
14.0
10.0
18.0
24.0
30.0

0.4
0.8
1.0
1.0
0.8
2.0

*
*
*
80.0
65.0
160.0

6.0
8.0
14.0
10.0
14.0
57.0

20.0
25.0
23.0
30.0
33.0
125.0

5.0
10.0
17.0
32.0
71.0
185.0

2.8
3.8
5.0
7.0
10.0
20.0

22.0
50.0
37.0
36.0
60.0
100.0

2.4
2.0
3.0
4.0
5.0
20.0

1.4
4.9
15.8
48.5
108.8
365.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

1.8
3.0
4.8
6.7
5.5
6.5

4.0
10.0
11.0
29.0
20.0
22.0

0.5
0.5
1.0
2.5
3.0
5.0

*
10.0
30.0
80.0
40.0
295.0

4.9
10.0
14.0
25.0
42.0
50.0

8.1
15.9
50.0
75.0
60.0
60.0

11.0
28.0
55.5
83.0
80.0
30.0

3.0
5.0
8.0
10.0
8.0
5.0

5.0
19.0
43.0
65.0
60.0
50.0

1.0
3.5
5.0
7.0
10.0
22.0

5.2
18.9
39.5
78.0
36.0
38.7

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

5.0
1.5

16.0
12.0

1.0
0.6

80.0
*

18.0
5.8

45.0
18.0

41.0
16.0

7.0
5.0

45.0
40.0

5.0
2.5

36.4
5.0

3.2
10.0
4.2
2.0

10.0
20.0
25.0
8.0

0.7
1.9
3.0
2.0

25.0
129.0
90.0
*

10.0
25.0
45.0
5.0

25.0
60.0
75.0
16.0

30.0
60.0
46.0
31.0

5.4
11.0
5.0
8.4

50.0
42.0
45.0
*

3.0
6.0
10.0
3.0

20.5
53.2
26.4
5.0

6.0
1.1

20.0
7.0

1.0
0.7

65.0
129.0

20.0
4.8

50.0
10.0

46.0
11.0

7.0
3.0

45.0
42.0

6.0
2.0

48.0
3.0

2.0
7.4
16.7
50.0
160.0

3.0
11.7
34.0
95.0
264.0

0.8
4.0
5.0
10.0
20.0

*
9.4
20.0
50.0
135.0

0.7
2.0
5.0
7.0
40.0

1.0
9.9
48.0
202.5
728.8

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

0.5
2.0
0.3
*
1.9
2.0
6.0
0.5
*
3.5
5.8
11.0
0.9
*
8.0
15.8
31.0
1.8
25.0
20.0
43.0
46.0
2.5
103.0
110.0
* Fifty (ten observations over five implicates) or fewer total observations.

5. Family holdings of financial assets, by selected characteristics of families and type of asset, 1989-2004 surveys
2004 Survey of Consumer Finances
Family characteristic

All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Transaction
accounts

27.2

Cash
Other
value
Other
managed
life
assets
insurance
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
54.9
5.8
546.6
159.9
183.2
121.2
23.1
207.0
39.7

Certificates
of deposit

Savings
bonds

Bonds

Stocks

Pooled
investment
funds

Retirement
accounts

Any
financial
asset

200.6

5.2
9.1
13.3
27.9
27.9
116.1

53.1
68.1
26.6
41.3
43.4
99.7

4.1
2.3
3.8
6.6
5.4
9.4

*
*
*
153.5
201.5
970.4

42.9
31.1
54.8
56.9
66.8
451.4

79.6
64.4
74.4
104.9
92.5
457.7

27.9
26.3
44.5
73.4
147.9
350.8

11.3
7.6
12.4
16.2
19.6
74.7

39.9
84.5
117.7
149.7
172.3
587.4

11.9
13.7
13.2
17.4
24.2
191.1

23.1
42.6
73.8
145.5
241.4
1092.1

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

7.7
20.9
27.2
43.1
35.6
44.7

14.0
24.4
44.5
56.0
71.1
84.3

2.3
2.7
5.1
10.4
14.3
9.9

*
287.3
290.5
697.2
478.3
887.7

13.3
79.6
147.4
221.4
326.7
200.2

25.2
172.7
185.7
290.4
183.0
168.3

25.2
66.7
141.2
210.5
208.8
118.7

10.2
20.5
23.6
27.4
28.3
22.6

56.8
128.4
200.2
251.1
239.6
240.2

6.4
16.8
68.0
67.4
63.2
45.9

28.1
114.0
227.8
388.0
335.5
249.6

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

33.2
8.8

57.4
38.0

5.8
5.7

553.4
*

174.4
39.5

190.4
112.6

134.5
62.7

24.2
18.3

214.6
121.3

43.4
29.0

249.2
56.3

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

16.8
56.7
40.4
14.5

29.9
97.0
72.5
28.2

3.7
7.6
13.2
6.3

339.8
865.3
481.2
*

97.0
251.2
253.9
119.6

113.8
335.6
232.7
116.2

100.4
197.9
151.3
105.0

18.1
48.3
20.6
8.6

155.1
296.0
218.3
*

20.9
114.1
30.2
13.5

135.4
440.1
258.3
111.6

Housing status
Owner
Renter or other

34.2
8.6

59.5
25.6

5.9
5.2

546.2
559.8

180.2
31.1

200.5
54.4

137.6
37.1

25.3
9.4

213.5
137.6

53.4
12.1

265.4
35.8

3.1
10.2
31.7
83.1
471.9

5.2
17.0
48.1
133.8
426.6

2.2
6.7
12.4
19.6
73.0

*
17.9
37.9
77.6
584.0

2.0
7.8
16.3
18.1
182.1

3.0
17.2
63.7
220.7
1345.2

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

1.3
3.5
0.7
*
3.9
4.8
8.7
2.7
*
6.7
13.3
23.9
2.6
*
15.8
33.8
55.8
8.8
63.4
43.1
151.5
132.5
13.8
754.3
468.1
* Fifty (ten observations over five implicates) or fewer total observations.

6. Direct and indirect family holdings of stock, by selected characteristics of families, 1989-2004 surveys
Percent except as noted
Family characteristic

Median value among families with holdings
(thousands of dollars)

Families having stock holdings, direct or indirect

All families

1989
31.8

1992
36.7

1995
40.4

1998
48.9

2001
52.3

2004
50.2

1989
9.0

1992
11.0

1995
14.5

1998
25.0

2001
35.0

2004
32.6

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

3.0
15.6
28.9
43.6
58.2
77.2

7.4
20.0
33.8
51.0
66.2
76.6

6.3
24.9
41.6
54.2
69.7
80.1

10.1
30.8
50.3
69.3
77.2
90.6

12.9
34.1
53.4
74.0
83.9
89.9

11.6
30.0
51.5
69.9
83.5
92.7

28.5
6.0
5.0
6.0
9.6
40.0

7.5
3.7
5.1
8.2
14.1
46.0

3.5
7.0
6.0
12.7
24.8
62.0

5.0
9.5
12.0
19.0
45.1
134.8

7.5
8.0
15.0
28.5
64.4
247.7

8.0
10.0
15.0
26.3
55.2
202.4

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

22.5
39.2
41.9
36.2
26.9
26.0

28.4
42.4
46.4
45.4
30.2
25.7

36.6
46.4
48.9
40.0
34.6
27.9

40.8
56.7
58.6
56.0
42.7
29.4

49.0
59.5
59.4
57.4
40.0
35.7

40.8
54.5
56.5
62.8
46.9
34.8

3.0
6.0
13.5
18.0
24.0
25.0

3.5
7.5
15.0
25.0
16.0
25.0

5.0
10.0
25.5
31.0
32.0
20.0

7.0
20.0
38.0
47.0
56.0
60.0

7.0
27.5
50.0
80.5
150.3
110.0

8.0
20.0
49.7
72.8
70.0
85.0

Housing status
Owner
42.1
45.7
48.8
59.8
62.4
60.9
10.0
13.0
18.0
13.6
20.9
25.0
27.5
30.9
26.4
3.5
4.6
6.4
Renter or other
Note: Indirect holdings are those in pooled investment trusts, retirement accounts, and other managed assets. See also note to table 1.

34.0
7.5

50.0
7.0

45.0
9.0

004 surveys

r managed assets. See also note to table 1.

Stock holdings as share of group's financial assets
1989
28.3

1992
33.7

1995
40.0

1998
53.7

2001
55.9

2004
51.2

13.1
10.2
16.7
21.5
26.0
35.1

13.9
16.2
21.0
28.1
32.7
40.2

13.5
27.9
27.7
35.6
40.9
45.7

22.6
28.9
38.3
46.6
49.3
62.3

39.0
36.2
47.3
51.6
57.6
60.0

32.2
31.2
43.4
42.0
48.4
57.3

20.9
29.2
34.1
27.6
27.7
25.2

24.9
30.8
40.9
37.0
31.7
25.4

27.2
39.7
43.3
44.3
35.8
39.7

43.2
54.9
55.4
58.2
51.2
48.7

52.5
57.3
58.4
55.8
55.4
52.1

40.2
53.4
53.6
54.9
51.6
39.0

28.5
26.3

34.4
27.0

41.1
32.0

54.9
40.5

56.5
46.2

51.8
39.0

7. Value of nonfinancial assets of all families, distributed by type of asset, 1989-2004 surveys
Percent
Type of nonfinancial asset
1989
1992
1995
1998
2001
Vehicles1
5.6
5.7
7.1
6.5
6.0
Primary residence
45.7
47.0
47.3
47.0
47.3
Other residential property
8.1
8.5
8.2
8.7
8.2
Equity in nonresidential property
11.3
10.9
7.6
7.6
8.2
Business equity
27.1
26.4
27.7
28.6
28.8
Other
2.2
1.5
2.2
1.6
1.5
100
100
100
100
100
Total
Memo
Nonfinancial assets as a share of
68.9
68.3
total assets
Note: See note to table 1.
1. For definition, see text note 26.

63.2

59.2

57.5

2004
5.1
50.3
10.2
7.1
25.8
1.5
100

64.3

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
1989 Survey of Consumer Finances
Other
Equity in
Primary
Business
Family characteristic
Vehicles
residential
nonresidential
Other
residence
equity
property
property
Percentage of families holding asset
All families
83.8
63.9
13.2
11.1
11.7
11.9

Any
nonfinancial
asset

Any
asset

89.3

94.7

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

51.6
81.6
94.7
95.0
96.9
95.2

33.0
55.3
64.9
76.1
86.6
93.6

4.2
6.4
11.3
15.3
20.4
37.3

2.5
7.8
9.7
13.1
17.1
27.9

2.5
7.7
9.3
12.8
19.0
32.7

5.0
7.6
11.3
15.4
16.3
23.6

64.6
87.8
97.3
97.3
99.0
99.6

78.9
95.0
99.9
99.5
100.0
100.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

81.5
88.9
90.9
86.3
81.6
66.1

39.3
66.1
76.4
80.1
77.8
69.9

3.8
12.3
20.5
20.4
19.7
12.2

4.3
12.4
15.4
17.4
15.4
6.8

8.7
17.7
15.2
12.1
7.8
5.2

9.6
13.7
14.8
13.1
11.5
8.0

84.0
91.8
93.2
91.2
92.7
85.4

92.4
95.0
94.9
95.0
97.4
96.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

89.2
67.6

70.5
44.3

14.9
8.1

12.6
6.7

13.7
5.6

14.0
5.6

94.1
74.9

98.4
83.5

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

89.8
94.2
74.6
49.3

62.0
73.1
72.8
30.2

11.6
22.2
15.0
5.3

9.4
26.7
10.5
*

6.9
59.5
4.0
*

12.0
19.1
9.3
7.8

92.1
98.5
87.1
57.6

97.1
100.0
93.8
68.5

Housing status
Owner
Renter or other

92.9
67.6

100.0
*

17.4
5.8

14.7
4.8

14.8
6.2

13.7
8.5

100.0
70.3

100.0
85.2

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

58.6
87.3
94.7
94.8
94.2

8.6
61.4
92.1
93.9
92.5

*
5.3
12.6
25.9
45.3

*
5.2
13.7
16.6
37.0

*
5.7
10.2
18.5
46.2

3.4
10.3
12.1
17.1
28.1

61.6
96.1
99.6
99.5
99.9

78.7
100.0
100.0
100.0
100.0

1989 Survey of Consumer Finances
Family characteristic
All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Other
Equity in
Any
Business
residential
nonresidential
Other
nonfinancial
equity
property
property
asset
Median value of holdings for families holding asset (thousands of dollars)
70.0
50.0
20.0
68.0
8.0
67.0

Primary
residence

Vehicles
7.0

Any
asset
81.5

2.0
4.0
6.0
9.0
12.0
15.0

30.0
50.0
60.0
75.0
100.0
200.0

13.6
25.0
45.0
40.0
60.0
95.0

10.0
12.0
15.0
10.0
25.0
95.0

18.0
27.0
60.0
45.0
71.0
200.0

1.0
5.0
6.0
7.0
10.0
25.0

9.0
37.6
52.0
85.0
137.0
298.7

7.8
41.4
67.5
108.0
193.4
473.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

5.4
8.0
9.8
7.0
5.0
4.0

61.0
80.0
85.0
75.0
55.0
55.0

31.5
50.0
62.5
50.0
35.0
49.0

15.0
16.0
35.0
32.0
15.0
40.0

30.0
64.0
88.0
120.0
80.0
100.0

5.0
7.2
8.0
12.0
13.0
8.3

17.0
84.7
108.0
94.0
63.2
52.0

20.2
105.7
140.7
122.4
84.8
82.2

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

7.7
4.8

75.0
50.0

50.0
31.5

22.0
18.8

81.7
10.0

8.0
5.0

75.0
28.1

99.4
26.7

7.7
10.0
5.0
2.0

76.0
100.0
55.0
35.0

50.0
80.0
39.0
30.0

18.0
55.0
17.0
*

33.5
100.0
83.0
*

6.0
19.0
8.0
2.0

67.5
184.0
60.0
12.0

77.8
223.1
82.1
12.1

8.3
4.0

70.0
*

50.0
34.0

22.0
18.8

84.9
20.0

8.0
6.0

97.4
5.0

129.7
7.1

*
5.0
35.0
68.0
344.0

0.6
4.0
7.0
10.0
21.0

3.0
26.0
86.0
183.0
502.0

3.0
34.0
112.1
252.8
777.1

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

2.5
8.0
*
*
5.7
34.0
12.7
10.0
8.0
70.0
25.0
11.0
9.0
125.0
54.3
25.0
14.5
200.0
130.0
116.7
* Fifty (ten observations over five implicates) or fewer total observations.

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
1989 Survey of Consumer Finances
Other
Equity in
Any
Primary
Business
Any
residential
nonresidential
nonfinancial
Family characteristic
Vehicles
Other
residence
equity
asset
property
property
asset
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
All families
9.8
106.2
91.6
150.1
345.4
27.5
166.2
227.6

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

3.9
5.3
7.5
10.8
14.3
22.1

38.4
62.7
78.6
95.0
127.1
242.9

25.9
37.7
71.6
53.8
105.4
160.2

36.6
28.9
35.5
63.6
104.2
427.0

106.9
129.0
200.3
131.0
170.9
836.3

7.9
14.9
8.0
13.8
17.0
87.9

30.6
62.4
91.7
121.4
200.4
724.5

34.5
79.5
120.0
171.2
272.0
1096.8

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

7.4
10.8
13.5
11.2
9.2
5.9

83.1
115.6
128.6
113.6
93.4
91.3

59.5
70.2
106.4
116.0
93.1
66.1

52.8
53.3
213.0
214.5
151.2
265.0

162.1
215.6
402.2
495.6
779.0
637.5

12.3
37.6
28.4
36.1
24.7
25.0

69.6
157.3
247.6
248.2
199.8
150.7

81.5
201.5
334.4
347.9
308.6
253.3

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

10.4
7.5

111.3
82.5

94.7
74.8

158.8
100.9

362.8
219.8

28.1
23.6

186.3
91.1

264.4
99.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

9.4
16.8
8.1
4.4

106.7
161.6
85.4
64.3

81.3
143.7
77.9
64.1

69.8
315.1
134.6
*

154.0
465.1
237.3
*

17.6
72.8
20.0
7.1

112.2
548.7
120.9
72.1

151.0
715.9
205.3
81.3

Housing status
Owner
Renter or other

11.5
5.9

106.2
*

95.6
70.0

167.2
57.0

378.8
203.9

25.7
32.7

217.6
37.1

310.9
54.9

*
9.1
43.8
96.7
783.7

2.3
5.5
10.7
19.1
81.1

8.2
34.1
94.0
187.1
875.5

7.7
41.1
120.2
266.6
1334.5

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

3.9
28.4
*
*
7.0
39.2
16.9
11.3
9.9
79.8
33.0
6.4
11.6
137.2
64.9
51.0
22.7
254.0
180.9
407.5
* Fifty (ten observations over five implicates) or fewer total observations.

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
1992 Survey of Consumer Finances
Other
Equity in
Primary
Business
Family characteristic
Vehicles
residential
nonresidential
Other
residence
equity
property
property
Percentage of families holding asset
All families
86.1
63.9
12.7
9.5
12.0

Any
nonfinancial
asset

Any
asset

8.1

90.8

95.8

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

56.0
86.4
94.0
96.6
97.9
96.9

39.2
56.4
61.4
75.4
84.3
90.1

3.0
7.5
11.3
13.4
20.8
35.7

2.8
6.3
8.0
10.9
12.8
25.9

4.1
7.2
8.8
13.6
17.5
34.7

4.7
3.9
9.6
7.0
11.8
18.4

67.6
91.2
97.1
98.7
99.6
99.1

82.6
97.1
99.7
100.0
100.0
99.6

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

83.7
88.7
93.0
87.1
86.1
73.0

36.8
64.5
75.5
77.5
79.3
77.2

4.6
11.8
16.0
22.0
17.9
11.3

4.2
7.2
13.6
18.7
11.5
6.9

8.5
15.9
15.8
16.0
8.6
3.9

8.1
9.3
9.5
5.8
6.4
8.0

85.6
92.3
94.4
92.7
91.6
91.3

92.9
96.7
96.8
96.9
96.8
97.5

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

90.9
71.5

70.3
44.4

14.6
6.9

10.8
5.6

13.6
7.0

9.5
3.7

95.0
77.9

98.9
86.7

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

91.2
95.4
78.7
62.9

61.3
76.7
73.5
33.3

11.3
22.6
13.9
5.2

8.4
20.2
9.3
3.0

7.0
62.9
4.2
*

9.2
11.6
5.2
5.1

93.6
98.3
89.1
67.0

97.9
99.0
95.6
78.4

Housing status
Owner
Renter or other

93.5
73.0

100.0
*

16.6
5.7

12.1
4.8

14.9
6.7

9.0
6.5

100.0
74.5

100.0
88.5

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

65.7
89.0
93.2
96.6
96.2

10.9
64.3
87.0
93.1
94.1

*
5.5
11.8
23.5
46.0

*
3.5
9.5
16.9
35.2

1.6
6.2
11.9
17.4
44.3

3.2
5.3
8.9
11.5
20.0

67.2
96.9
99.3
99.7
99.9

83.3
100.0
100.0
100.0
100.0

1992 Survey of Consumer Finances
Family characteristic
All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Other
Equity in
Any
Business
Other
residential
nonresidential
nonfinancial
equity
property
property
asset
Median value of holdings for families holding asset (thousands of dollars)
80.0
50.0
30.0
60.0
7.0
69.2

Primary
residence

Vehicles
6.8

Any
asset
83.9

2.4
4.2
6.0
9.2
11.0
15.0

40.0
54.0
65.0
85.0
100.0
180.0

24.0
21.0
41.7
40.0
58.0
98.0

20.0
9.0
19.0
30.0
21.2
80.0

29.0
27.0
50.0
55.0
40.0
233.0

1.9
5.0
5.0
5.0
13.0
21.0

21.6
36.9
49.6
92.6
129.7
287.1

15.1
42.1
61.8
123.1
182.3
487.4

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

5.9
7.6
8.5
8.3
5.0
4.5

69.0
90.0
90.0
85.0
69.0
70.0

32.0
35.5
65.0
50.0
45.0
57.1

25.4
30.0
25.0
35.0
41.5
18.5

30.0
45.0
100.0
117.0
160.0
80.0

4.0
8.0
14.5
10.0
9.0
6.5

17.4
82.4
94.4
106.5
78.9
70.0

23.3
98.0
123.1
141.0
106.9
89.6

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

7.4
4.9

85.0
51.0

50.0
40.0

32.0
30.0

63.0
45.0

7.0
9.0

80.0
34.9

105.1
33.7

7.4
11.0
4.6
4.2

85.0
125.0
65.0
56.0

45.0
75.0
45.0
30.0

21.2
60.0
20.0
50.0

30.0
85.0
75.0
*

6.0
15.0
7.0
7.5

65.4
179.7
65.6
18.0

77.7
201.6
85.5
20.3

8.3
4.3

80.0
*

49.5
50.0

32.0
25.0

80.0
25.0

8.0
5.0

103.7
5.1

140.0
9.1

3.0
10.0
29.0
80.0
300.0

1.3
4.0
6.0
10.0
21.0

3.6
34.2
88.5
163.8
449.5

3.8
39.2
117.4
236.3
739.3

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

2.9
28.0
*
*
5.7
40.0
13.0
9.0
8.3
76.0
35.0
19.0
9.6
120.0
50.0
30.0
14.9
195.0
100.9
123.9
* Fifty (ten observations over five implicates) or fewer total observations.

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
1992 Survey of Consumer Finances
Other
Equity in
Any
Primary
Business
Any
residential
nonresidential
nonfinancial
Family characteristic
Vehicles
Other
residence
equity
asset
property
property
asset
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
All families
9.9
109.8
99.6
172.2
329.5
27.3
164.5
228.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

4.1
5.7
7.8
11.0
13.9
21.7

53.1
67.8
80.3
101.4
129.1
247.9

47.1
39.3
66.6
67.7
85.2
186.9

70.3
49.3
112.0
80.5
134.7
387.0

100.0
77.6
168.0
143.3
184.6
789.4

5.1
13.7
14.5
20.9
28.3
62.2

45.8
60.7
92.0
127.6
193.9
702.8

46.3
77.5
123.0
176.7
281.5
1082.1

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

8.3
10.6
11.2
12.5
8.9
6.9

90.7
114.9
127.3
119.8
101.8
92.1

76.1
69.9
126.1
109.3
98.6
111.6

57.5
90.0
212.5
163.4
281.3
222.5

120.3
247.2
391.2
473.3
603.8
329.0

7.5
22.4
40.5
38.9
58.7
24.5

66.8
151.3
234.5
255.1
211.3
130.1

78.1
188.6
324.1
380.7
310.8
225.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

10.5
7.4

115.1
84.6

98.7
105.7

172.6
169.9

344.8
239.1

27.4
26.7

182.0
99.3

261.0
113.3

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

9.7
16.0
7.9
7.0

105.8
177.4
90.6
86.8

85.3
162.8
85.6
57.3

106.1
310.8
160.7
280.9

199.9
401.9
355.3
*

17.9
66.3
22.5
38.1

115.2
520.4
129.9
72.3

163.2
679.9
207.0
87.0

Housing status
Owner
Renter or other

11.5
6.3

109.8
*

100.2
96.4

194.1
75.3

376.0
146.1

30.2
20.5

219.5
33.4

316.6
50.4

9.9
15.9
36.3
94.7
802.1

2.2
7.2
11.8
26.7
68.5

10.3
42.5
96.7
177.3
868.1

9.7
49.3
125.2
259.0
1339.5

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

4.3
32.7
*
*
7.2
49.0
26.5
12.2
10.1
85.2
40.5
25.4
11.7
132.3
63.8
46.0
22.2
259.7
190.8
410.7
* Fifty (ten observations over five implicates) or fewer total observations.

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
1995 Survey of Consumer Finances
Other
Equity in
Primary
Business
Family characteristic
Vehicles
residential
nonresidential
Other
residence
equity
property
property
Percentage of families holding asset
All families
84.1
64.7
11.8
9.2
11.1
8.3

Any
nonfinancial
asset

Any
asset

90.9

96.4

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

58.4
85.4
90.9
92.8
93.8
92.3

39.6
55.9
62.0
77.4
85.9
91.3

4.2
7.4
9.4
12.6
16.4
34.9

3.9
5.7
6.8
10.9
15.7
21.6

4.4
6.9
8.9
12.7
17.0
28.3

3.3
5.6
6.9
11.4
9.8
19.2

70.0
91.7
95.6
97.6
99.2
99.6

84.4
98.1
99.7
99.7
100.0
100.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

83.8
84.7
88.2
88.4
82.5
72.2

37.9
64.7
75.3
82.0
79.5
72.8

4.3
9.9
16.3
20.0
16.3
11.6

3.5
6.9
14.3
13.3
15.5
6.7

8.3
14.3
15.5
12.7
8.7
3.7

6.9
9.6
11.0
8.1
8.0
5.0

87.1
90.6
93.6
93.9
92.6
89.9

94.4
96.2
97.3
96.4
97.7
98.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

88.2
69.7

70.6
44.3

13.2
7.1

10.2
5.7

12.8
5.3

9.8
3.2

95.1
76.3

98.6
88.7

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

89.9
86.1
76.1
59.1

63.8
74.5
70.7
33.5

10.4
21.5
12.9
5.0

7.9
21.7
8.5
3.6

6.9
58.1
3.5
3.4

9.3
13.4
5.1
4.2

93.9
96.0
88.2
65.8

98.7
97.8
95.6
76.5

Housing status
Owner
Renter or other

90.9
71.6

100.0
*

15.1
5.8

12.0
4.1

13.7
6.3

9.5
6.3

100.0
74.1

100.0
89.7

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

65.2
87.9
91.0
92.1
92.4

13.7
64.1
88.3
92.3
93.5

*
5.6
10.9
21.5
42.9

0.8
4.6
8.7
15.4
33.6

1.5
5.7
12.4
16.5
37.2

2.9
7.0
9.4
11.2
18.4

68.4
96.3
99.0
99.8
99.9

85.5
100.0
100.0
100.0
100.0

1995 Survey of Consumer Finances
Family characteristic
All families

Other
Equity in
Any
Business
residential
nonresidential
nonfinancial
Other
equity
property
property
asset
Median value of holdings for families holding asset (thousands of dollars)
89.0
50.0
32.0
45.0
10.0
83.1

Primary
residence

Vehicles
9.9

Any
asset
101.8

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

3.9
6.2
9.3
13.0
17.0
22.2

45.0
65.0
75.0
95.0
120.0
175.0

29.0
28.0
40.0
50.0
63.0
100.0

15.0
14.0
35.0
35.0
17.0
81.0

50.0
30.0
25.0
25.0
50.0
174.0

6.5
7.5
6.0
8.0
25.0
18.0

16.8
43.2
65.0
104.0
150.4
253.2

14.9
56.8
82.6
139.4
206.7
469.6

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

8.9
10.7
12.9
11.2
8.2
5.3

76.0
95.0
100.0
87.0
85.0
80.0

30.8
47.0
60.0
55.0
57.7
28.0

13.4
20.0
20.0
63.8
42.5
7.6

20.0
35.0
70.0
65.0
100.5
35.0

5.0
10.0
10.0
10.0
15.0
8.0

22.0
96.2
113.4
108.0
94.6
79.0

31.9
110.6
150.0
160.5
125.2
96.5

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

10.9
7.4

91.0
70.0

55.0
29.5

34.0
20.0

50.0
26.0

10.0
8.0

93.7
35.0

119.1
38.4

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

11.0
13.0
7.3
6.2

90.0
120.0
76.0
61.0

46.5
80.0
45.0
42.5

17.0
52.5
34.0
50.0

21.0
75.0
70.0
21.0

10.0
8.0
10.0
8.0

81.4
172.0
78.8
19.0

98.7
228.2
95.9
19.0

Housing status
Owner
Renter or other

12.0
6.4

89.0
*

54.9
37.5

35.0
12.0

55.0
22.0

10.0
5.0

115.6
7.5

157.9
12.3

4.5
27.0
*
3.0
1.5
8.6
50.0
28.0
7.0
10.0
11.0
85.0
34.0
11.4
22.0
14.0
128.0
50.0
39.6
90.0
20.3
185.0
125.0
100.0
323.4
* Fifty (ten observations over five implicates) or fewer total observations.

3.0
5.0
10.0
11.0
25.0

5.9
41.3
101.4
170.0
397.0

5.8
48.7
129.1
258.1
758.3

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
1995 Survey of Consumer Finances
Other
Equity in
Any
Primary
Business
Any
residential
nonresidential
nonfinancial
Family characteristic
Vehicles
Other
residence
equity
asset
property
property
asset
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
All families
13.3
115.1
108.8
129.3
392.4
41.2
173.3
258.6

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

5.6
7.8
11.2
15.4
19.8
26.6

56.2
78.4
88.6
108.1
138.6
236.7

54.3
45.3
68.5
88.9
102.5
187.6

72.2
47.8
56.8
78.5
82.0
323.8

191.3
86.8
105.4
137.3
198.7
1128.0

13.0
10.6
13.6
25.4
40.6
107.6

56.4
68.8
89.7
141.4
206.8
719.0

60.1
95.7
126.6
206.4
325.9
1213.2

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

11.1
13.8
16.8
14.9
12.7
9.1

83.6
117.8
137.4
126.2
107.8
102.7

62.2
81.8
118.6
130.3
124.7
106.5

39.4
67.2
99.8
212.7
181.2
154.9

87.8
266.7
477.2
695.9
647.2
544.4

19.3
22.6
39.7
68.4
71.9
91.3

61.6
155.5
245.7
281.8
223.0
143.5

78.8
201.9
367.6
435.1
373.2
267.6

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

14.1
10.0

118.9
94.0

113.9
75.5

137.7
77.2

416.4
191.2

40.8
45.4

192.2
91.6

295.9
114.9

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

13.6
18.0
11.4
8.5

110.3
178.6
99.5
99.4

89.6
188.5
92.0
93.7

67.5
257.7
135.1
65.7

149.6
549.4
518.0
84.3

31.7
74.5
48.2
28.0

117.8
597.9
139.2
75.1

184.8
787.8
246.8
95.2

Housing status
Owner
Renter or other

15.4
8.4

115.1
*

112.7
90.2

142.6
57.4

469.8
84.8

49.9
17.1

232.4
27.1

357.1
57.3

6.3
43.1
*
-17.9
6.4
10.4
59.9
30.3
9.9
15.7
13.5
95.4
39.5
21.6
33.6
16.7
135.6
64.7
49.8
91.6
27.2
252.2
215.7
303.2
1075.3
* Fifty (ten observations over five implicates) or fewer total observations.

4.7
6.5
15.5
24.9
136.1

15.1
53.0
109.4
180.3
880.8

14.4
62.3
141.5
279.5
1532.2

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
1998 Survey of Consumer Finances
Other
Equity in
Primary
Business
Family characteristic
Vehicles
residential
nonresidential
Other
residence
equity
property
property
Percentage of families holding asset
All families
82.8
66.3
13.0
8.4
11.5

Any
nonfinancial
asset

Any
asset

8.1

89.9

96.8

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

58.4
82.2
89.4
92.8
92.8
90.0

38.2
56.3
66.9
79.2
88.2
93.1

2.0
6.9
11.7
17.5
17.9
35.5

2.3
6.2
7.3
8.8
13.9
20.7

4.1
5.5
9.2
13.5
18.8
31.1

2.7
6.9
8.1
10.1
9.0
16.2

68.4
89.7
95.2
97.3
98.5
99.0

87.0
98.2
99.2
99.8
100.0
100.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

78.3
85.8
87.5
88.7
83.4
69.8

38.9
67.1
74.4
80.3
81.5
77.0

3.5
12.5
16.3
20.4
18.4
14.0

2.7
7.2
11.9
10.4
14.9
7.7

7.2
14.7
16.2
14.3
10.1
2.7

7.2
8.6
8.8
8.1
9.3
6.3

83.3
92.1
92.9
93.9
92.0
86.8

94.8
97.6
96.7
98.2
98.5
96.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

87.4
67.8

72.0
47.2

14.1
9.2

9.1
5.9

13.2
5.6

9.6
3.2

93.9
76.6

98.9
90.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

87.6
89.4
73.4
58.6

63.5
81.2
72.4
35.8

10.7
25.5
14.6
4.0

6.4
17.1
10.0
4.0

5.5
63.4
3.6
3.9

8.5
12.8
6.0
3.4

92.3
98.1
85.1
66.3

98.2
99.2
94.8
85.7

Housing status
Owner
Renter or other

90.6
67.6

100.0
*

17.0
5.1

11.0
3.3

14.5
5.4

9.1
6.2

100.0
70.0

100.0
90.7

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

62.3
87.4
90.4
90.8
92.0

14.1
67.2
89.3
94.0
95.1

*
6.0
12.1
26.5
41.7

*
3.4
7.5
16.6
29.8

1.4
6.4
10.6
17.9
41.3

2.7
7.4
8.6
11.0
17.6

65.2
95.9
99.1
99.2
99.6

87.4
100.0
100.0
100.0
100.0

1998 Survey of Consumer Finances

All families

11.0

Other
Equity in
Any
Business
residential
nonresidential
nonfinancial
Other
equity
property
property
asset
Median value of holdings for families holding asset (thousands of dollars)
100.0
65.0
40.0
60.0
10.0
97.8

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

4.2
6.5
9.7
14.0
18.1
25.7

55.0
75.0
85.0
110.0
137.0
225.0

80.0
60.0
45.0
65.0
53.3
125.0

16.0
24.0
25.2
40.0
30.0
109.6

27.0
39.0
40.0
50.0
50.0
213.0

4.0
5.0
7.0
10.0
10.0
30.0

21.8
52.4
77.5
123.5
165.0
330.0

14.4
62.5
106.1
185.9
271.7
606.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

8.9
11.4
12.8
13.5
11.0
7.0

84.0
101.0
120.0
110.0
95.0
85.0

42.5
45.0
73.5
70.0
80.0
103.0

25.0
23.0
48.0
54.0
45.0
54.0

34.0
62.0
100.0
63.0
66.2
40.0

5.0
8.0
15.0
25.0
8.0
10.0

22.7
103.4
126.8
127.5
109.8
97.7

28.9
128.1
178.4
198.2
164.1
134.9

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

12.0
8.0

100.0
85.0

70.0
55.0

45.0
24.0

71.8
28.0

10.0
5.0

108.0
53.0

146.0
45.1

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

11.1
15.5
8.6
7.1

98.0
145.0
89.0
90.0

50.0
89.0
90.0
45.0

25.0
87.9
50.0
105.0

30.0
100.0
50.0
39.0

8.0
40.0
10.0
5.7

89.6
252.1
98.5
29.7

111.9
329.2
135.0
17.9

Housing status
Owner
Renter or other

13.1
6.2

100.0
*

65.0
64.6

47.0
15.0

75.0
31.0

12.0
5.0

130.3
7.2

193.3
11.7

3.5
12.0
40.0
87.0
300.0

1.0
5.0
8.0
15.0
55.0

6.4
52.2
117.4
218.1
518.0

6.0
60.9
165.6
362.6
980.0

Family characteristic

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

Vehicles

Primary
residence

4.9
40.0
*
*
8.6
60.0
30.0
10.0
12.8
96.0
35.0
23.0
15.8
140.0
80.0
45.0
23.1
250.0
160.0
125.0
* Fifty (ten observations over five implicates) or fewer total observations.

Any
asset
123.3

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
1998 Survey of Consumer Finances
Other
Equity in
Any
Primary
Business
Any
residential
nonresidential
nonfinancial
Family characteristic
Vehicles
Other
residence
equity
asset
property
property
asset
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
All families
15.2
138.7
131.4
177.0
488.3
38.4
217.4
341.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

6.3
8.9
12.2
16.8
20.6
35.7

69.6
87.4
100.3
130.3
162.1
304.4

136.5
88.5
70.2
95.8
115.0
231.3

110.9
96.5
69.6
88.9
91.8
446.7

122.5
93.4
153.1
191.4
212.5
1345.8

9.7
11.1
24.5
21.7
31.1
110.4

59.7
83.1
112.7
176.2
241.8
936.7

64.9
116.2
159.2
266.5
409.8
1703.1

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

11.4
15.8
17.5
19.6
15.3
10.7

101.8
135.4
157.7
160.3
139.0
124.1

62.7
95.7
124.1
153.5
163.0
173.1

81.3
84.5
174.6
316.0
197.3
179.3

242.7
310.8
571.4
776.4
593.8
916.8

11.8
18.4
60.3
69.7
51.5
40.5

85.7
184.5
291.8
348.3
271.8
193.5

109.7
268.1
444.6
595.9
497.8
329.1

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

16.2
11.3

144.4
109.4

139.3
91.6

180.3
160.3

526.6
189.2

40.2
20.9

242.4
115.5

394.5
145.8

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

14.5
23.2
13.9
9.1

125.6
224.5
123.3
126.2

99.4
180.6
152.0
73.1

93.7
377.3
153.9
111.6

295.1
598.2
380.8
169.1

25.3
80.2
45.2
16.1

137.9
716.7
180.3
98.1

225.7
1023.4
336.5
156.2

Housing status
Owner
Renter or other

17.8
8.6

138.7
*

136.2
99.8

188.2
103.5

562.4
97.0

46.5
15.3

284.5
29.2

472.1
57.1

6.8
53.6
*
*
5.7
11.0
66.7
39.9
13.1
17.3
15.1
108.3
45.6
30.0
54.5
19.1
162.2
97.0
67.4
118.3
34.2
333.4
266.0
417.7
1232.6
* Fifty (ten observations over five implicates) or fewer total observations.

4.9
8.4
17.9
25.5
119.9

19.3
61.6
126.6
232.4
1119.6

17.3
73.2
176.6
383.6
2063.3

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
2001 Survey of Consumer Finances
Other
Equity in
Primary
Business
Family characteristic
Vehicles
residential
nonresidential
Other
residence
equity
property
property
Percentage of families holding asset
All families
84.8
67.7
11.4
8.2
11.9

Any
nonfinancial
asset

Any
asset

7.1

90.7

96.7

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

56.8
86.8
91.3
94.9
95.3
92.8

40.5
57.5
65.9
82.3
90.1
94.4

3.0
5.6
8.0
14.8
18.7
32.9

2.8
6.6
6.4
7.2
11.6
24.0

2.5
7.2
8.8
12.2
18.3
38.9

2.6
5.6
5.4
8.5
9.0
17.4

67.7
93.1
95.3
97.9
99.5
99.5

85.7
98.2
99.8
100.0
100.0
100.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

78.8
88.9
90.5
90.7
81.3
73.9

39.9
67.8
76.3
83.2
82.5
76.2

3.4
9.4
14.8
18.6
13.6
15.2

2.8
7.2
10.0
12.0
12.8
8.3

7.0
14.2
17.1
15.6
11.6
2.4

6.6
7.5
6.5
7.5
9.5
5.3

83.0
93.2
95.2
95.4
91.6
86.4

93.2
97.4
98.1
98.4
97.1
97.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

89.2
71.4

74.3
47.3

13.1
6.3

9.5
3.9

13.9
5.5

8.5
2.7

94.7
78.4

99.0
89.8

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

88.5
88.6
77.1
63.8

64.7
80.3
73.8
43.6

10.1
19.4
12.1
4.9

6.6
18.0
8.0
3.8

6.1
60.9
3.3
5.8

6.9
13.6
4.9
*

92.5
97.1
86.7
70.3

97.8
98.6
95.8
82.2

Housing status
Owner
Renter or other

92.2
69.3

100.0
*

15.0
3.9

10.8
2.5

15.5
4.2

8.1
4.8

100.0
71.3

100.0
89.9

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

64.8
86.7
94.2
93.0
94.1

14.3
69.6
91.4
95.1
95.9

*
4.6
12.9
19.7
38.7

*
3.4
7.8
15.5
29.8

1.2
4.0
11.7
22.3
42.7

2.8
4.8
6.2
9.4
21.9

68.2
96.4
98.7
99.6
99.7

87.0
100.0
100.0
100.0
100.0

2001 Survey of Consumer Finances

All families

13.5

Other
Equity in
Any
Business
Other
residential
nonresidential
nonfinancial
equity
property
property
asset
Median value of holdings for families holding asset (thousands of dollars)
123.0
80.0
49.5
100.0
12.0
113.8

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

5.3
8.5
13.0
17.7
22.7
30.0

65.0
80.0
96.0
130.0
175.0
300.0

25.0
75.0
54.0
65.0
70.0
200.0

25.0
19.2
30.0
40.0
49.5
145.0

54.0
40.0
59.0
70.0
100.0
260.0

6.0
8.0
10.0
10.0
20.0
50.0

34.2
56.5
92.7
151.0
221.6
479.5

25.0
67.6
116.0
229.3
377.2
1,010.7

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

11.2
14.8
15.6
15.0
13.6
8.8

95.0
125.0
135.0
130.0
129.0
112.0

75.0
70.0
65.0
90.0
145.0
80.0

33.3
44.0
60.0
69.0
50.0
28.0

50.0
100.0
102.0
100.0
100.0
510.9

10.0
9.0
10.0
30.0
20.0
15.0

30.0
116.4
141.9
147.8
149.0
123.0

39.2
157.9
212.1
228.1
215.0
171.6

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

14.8
10.0

130.0
92.0

80.0
60.0

50.0
30.0

100.0
50.0

15.0
5.0

132.7
59.0

186.2
58.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

13.9
19.3
10.0
10.0

120.0
200.0
100.0
100.0

70.0
150.0
85.0
110.0

40.0
103.0
51.0
33.0

50.0
125.0
65.0
110.0

10.0
30.0
20.0
*

102.0
335.0
105.0
70.6

129.1
439.2
148.0
43.1

Housing status
Owner
Renter or other

16.2
7.6

123.0
*

80.0
60.0

50.0
32.5

104.8
35.0

15.0
6.0

157.0
8.8

241.7
13.4

10.0
15.0
50.0
120.0
500.0

4.0
10.0
10.0
16.0
40.0

8.2
63.2
145.4
282.0
716.0

8.2
75.1
217.6
509.7
1,449.2

Family characteristic

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

Vehicles

Primary
residence

6.3
49.0
*
*
11.8
70.0
20.0
9.0
15.1
120.0
50.0
30.0
19.0
200.0
90.0
50.0
28.8
350.0
212.5
212.0
* Fifty (ten observations over five implicates) or fewer total observations.

Any
asset
148.2

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
2001 Survey of Consumer Finances
Other
Equity in
Any
Primary
Business
Any
residential
nonresidential
nonfinancial
Family characteristic
Vehicles
Other
residence
equity
asset
property
property
asset
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
All families
18.3
181.2
186.7
261.6
630.2
56.3
286.1
466.9

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

7.9
11.3
14.7
20.7
26.2
38.5

75.5
109.7
122.7
162.0
209.0
447.4

37.0
98.5
107.0
101.2
134.4
389.2

61.8
88.4
83.6
167.6
151.3
607.5

193.9
123.7
146.4
237.8
325.3
1479.6

12.9
18.9
14.5
18.9
34.8
166.6

63.6
101.1
127.8
215.2
320.3
1342.8

71.8
139.6
202.8
359.8
554.1
2439.6

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

14.6
18.5
21.3
21.7
19.2
13.4

127.6
179.6
204.6
199.9
185.9
168.0

158.0
115.4
170.0
199.5
356.0
150.9

63.5
140.1
189.0
361.0
513.2
224.4

229.3
475.9
630.2
955.9
870.5
1252.8

17.6
26.1
93.0
109.2
76.3
31.5

104.4
245.5
350.2
444.1
427.9
244.0

140.4
344.2
578.6
804.7
727.4
487.1

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

19.5
13.8

191.7
130.6

196.8
122.6

270.6
194.4

666.2
352.8

59.8
22.5

326.5
136.5

554.7
170.8

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

17.6
28.0
15.7
14.2

158.5
316.9
161.0
160.9

127.7
287.4
228.8
261.9

113.0
440.7
389.7
192.4

306.0
800.1
728.7
315.1

29.0
111.7
85.4
*

172.1
944.3
251.6
167.6

294.8
1373.8
491.4
263.8

Housing status
Owner
Renter or other

21.3
10.1

181.2
*

192.4
140.7

282.3
76.5

682.0
231.1

62.9
33.1

371.2
36.1

636.8
71.2

8.3
51.0
*
*
17.8
13.8
76.0
28.6
14.1
21.8
18.3
133.6
69.9
37.9
63.9
22.9
222.3
121.3
98.6
169.2
39.2
473.1
389.8
608.6
1566.3
* Fifty (ten observations over five implicates) or fewer total observations.

4.5
12.5
19.9
25.4
142.5

19.5
70.8
162.1
313.0
1527.6

18.1
85.2
226.6
528.1
2904.6

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
2004 Survey of Consumer Finances
Other
Equity in
Primary
Business
Family characteristic
Vehicles
residential
nonresidential
Other
residence
equity
property
property
Percentage of families holding asset
All families
86.3
69.1
12.6
8.2
11.5

Any
nonfinancial
asset

Any
asset

7.5

92.5

97.9

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

65.1
85.5
91.4
95.2
95.8
93.2

40.4
56.9
71.6
83.0
91.7
94.7

3.6
7.0
9.7
14.2
19.7
37.3

2.6
3.7
7.7
10.7
12.2
20.7

3.5
6.9
9.5
11.9
16.4
34.7

3.5
4.1
7.3
10.3
8.4
16.0

76.4
92.1
96.7
98.3
99.1
99.3

92.2
97.9
99.7
100.0
99.8
100.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

82.9
89.4
88.8
88.6
89.1
76.9

41.6
68.3
77.3
79.1
81.3
85.2

5.1
9.4
16.2
20.0
19.9
9.7

3.3
6.4
11.4
12.3
10.6
7.7

6.9
13.9
15.7
15.8
8.0
5.3

5.5
6.0
9.1
8.9
8.7
8.1

88.6
93.0
94.7
92.6
95.6
92.5

96.5
97.7
98.3
97.5
99.5
99.6

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

90.3
76.1

76.1
50.8

14.1
8.7

9.1
6.0

13.6
5.9

8.9
3.7

95.8
84.0

99.3
94.4

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

89.7
91.2
79.0
66.9

66.5
79.1
75.8
40.0

10.4
26.2
12.8
5.4

6.8
18.4
7.9
*

5.8
58.1
3.5
6.9

7.0
11.9
6.9
5.8

93.8
97.5
89.8
76.3

98.4
99.1
97.7
89.6

Housing status
Owner
Renter or other

92.3
73.0

100.0
*

15.8
5.4

10.9
2.4

14.7
4.3

8.8
4.5

100.0
75.9

100.0
93.3

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

69.8
89.2
92.0
95.2
93.1

15.0
71.4
93.4
96.1
96.9

*
5.1
12.6
23.1
46.3

*
4.0
8.4
15.0
28.2

*
5.5
11.1
20.0
40.7

2.7
5.1
7.5
12.3
18.0

73.7
97.5
99.0
99.8
99.9

91.7
100.0
100.0
100.0
100.0

2004 Survey of Consumer Finances

All families

14.0

Other
Equity in
Any
Business
residential
nonresidential
nonfinancial
Other
equity
property
property
asset
Median value of holdings for families holding asset (thousands of dollars)
160.0
100.0
60.0
100.0
15.0
147.7

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

4.5
7.8
13.0
20.0
25.4
33.0

70.0
100.0
135.0
175.0
225.0
450.0

35.0
65.0
55.0
100.0
98.0
259.0

11.0
25.0
35.0
48.0
60.0
195.0

26.0
32.0
62.5
150.0
100.0
350.0

5.0
8.7
10.0
10.0
17.0
72.0

22.7
71.0
132.0
198.0
281.4
650.0

17.0
78.2
154.8
289.0
461.2
1,157.1

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

11.0
15.6
18.9
18.5
12.3
8.4

135.0
160.0
170.0
200.0
150.0
125.0

82.5
80.0
90.0
135.0
80.0
150.0

55.0
42.0
43.0
75.0
78.0
85.7

50.0
100.0
144.0
191.0
100.0
80.0

5.0
10.0
20.0
25.0
30.0
15.0

32.4
151.4
184.0
226.0
161.1
133.7

39.0
173.5
234.8
351.3
233.1
185.5

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

15.8
9.8

165.0
130.0

105.0
80.0

69.0
25.0

135.0
67.0

17.0
10.0

164.9
64.7

225.0
59.5

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

15.0
21.6
10.0
10.8

160.0
248.0
130.0
130.0

88.0
150.0
100.0
86.0

40.0
125.0
60.0
*

50.0
174.0
120.0
25.0

10.0
31.0
30.0
18.0

141.2
335.9
131.2
40.0

161.5
464.4
166.1
29.9

Housing status
Owner
Renter or other

17.5
7.1

160.0
*

101.7
80.0

60.0
56.0

123.0
50.0

18.0
8.0

201.6
8.3

289.5
12.2

*
17.6
55.0
150.0
527.0

3.0
7.0
10.0
25.0
80.0

7.4
72.7
188.0
360.8
907.5

7.7
84.5
257.7
599.9
1,572.6

Family characteristic

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

Vehicles

Primary
residence

5.6
65.0
*
*
12.0
85.0
25.0
14.9
17.5
157.0
60.0
24.0
22.7
250.0
100.0
74.0
30.5
450.0
325.0
250.0
* Fifty (ten observations over five implicates) or fewer total observations.

Any
asset
173.1

8. Family holdings of nonfinancial assets and of any asset, by selected characteristics of families and type of asset, 1989-2004 surveys
2004 Survey of Consumer Finances
Equity in
Any
Other residential
Business
nonresidential
nonfinancial
Family characteristic
Vehicles
Primary residence
Other
property
equity
property
asset
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding asset (thousands of dollars)
All families
20.1
246.9
273.7
293.0
762.0
67.3
366.2

Any
asset

538.2

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

7.9
10.9
15.8
24.0
28.7
45.6

102.2
133.3
175.7
223.3
288.6
615.5

126.6
113.0
112.6
186.2
174.2
565.3

117.2
130.3
155.8
138.7
164.3
734.3

329.4
213.8
158.0
296.4
263.2
1950.4

15.9
24.9
45.5
32.7
42.8
189.2

86.6
123.6
187.8
293.0
396.8
1707.2

91.9
156.2
254.9
432.4
635.3
2787.9

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

14.5
21.1
23.1
26.6
19.6
13.7

172.0
236.7
273.8
318.8
229.1
212.6

149.4
237.7
292.3
336.9
237.6
302.6

133.5
275.6
208.5
349.9
494.9
304.4

227.7
543.0
864.3
1047.4
1164.8
915.3

10.3
26.7
63.0
93.2
102.6
138.0

126.3
320.1
469.1
604.7
424.4
328.4

142.1
413.9
668.7
953.3
733.3
549.7

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

21.8
15.0

261.4
190.4

283.9
230.7

331.2
142.3

819.3
420.7

72.2
37.0

424.2
194.3

653.3
223.6

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

19.4
31.3
16.4
14.5

231.2
392.7
209.3
209.1

208.4
437.5
243.6
235.4

168.0
569.7
252.7
*

406.2
982.8
627.2
173.9

35.8
118.8
110.4
23.4

245.3
1172.0
281.1
161.6

363.8
1580.6
505.9
236.9

Housing status
Owner
Renter or other

23.5
10.4

246.9
*

290.9
160.6

295.7
265.9

829.2
252.3

78.2
19.3

475.3
45.3

734.2
69.6

8.4
71.7
*
*
14.3
96.8
39.2
17.2
20.6
184.7
76.3
40.0
27.3
295.0
146.0
141.1
43.6
669.2
572.9
706.6
* Fifty (ten observations over five implicates) or fewer total observations.

*
20.8
79.0
195.9
1938.8

4.8
12.6
21.2
43.0
202.3

22.9
88.6
216.9
409.9
1981.1

21.0
102.9
278.2
629.6
3324.9

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

9. Family holdings of unrealized capital gains, by selected characteristics of families, 1989-2004 surveys
Thousands of dollars except as noted
1989
1992
1995
1998
2001
2004
Family characteristic
Median
Mean
Median
Mean
Median
Mean
Median
Mean
Median
Mean
Median
Mean
All families
10.0
73.6
7.5
70.2
5.4
67.5
11.0
96.2
15.0
128.2
23.0
162.6
Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100
Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more
Note: See note to table 1.


1.8
9.0
17.0
35.0
108.2


11.0
31.1
30.0
26.7
16.4

9.7
28.5
43.9
50.2
83.9
386.8


1.1
3.2
16.0
24.3
94.0

17.7

53.5
5.0
108.1
18.0
126.7
29.0
113.5
30.0
100.4
25.0
† Less than 0.05 ($50).

16.0
25.8
39.2
47.8
82.5
361.2


0.5
3.0
13.0
27.0
65.0

15.9
24.9
32.2
44.4
70.0
370.6


2.0
9.0
20.0
33.1
97.1

17.8
30.2
43.2
65.5
95.2
553.4


2.0
9.0
28.0
54.0
160.0

18.0
41.8
46.1
87.3
138.4
756.1


3.0
21.0
46.0
70.0
219.4

30.9
53.2
73.8
119.6
156.8
914.4

13.3
54.5
103.3
132.1
109.6
66.5


4.0
18.3
27.0
30.0
32.4

9.6
36.3
97.9
137.4
118.3
80.5


7.0
22.6
34.9
47.0
36.0

15.5
63.2
125.4
185.8
164.4
113.0


11.0
28.0
41.0
48.0
50.0

23.6
92.8
154.5
222.9
236.7
147.7


19.5
39.0
58.0
50.0
58.0

28.1
119.3
207.0
288.8
235.3
187.9

10. Amount of debt of all families, distributed by type of debt, 1989-2004 surveys
Percent
Type of debt
1989
1992
1995
1998
Secured by residential property
Primary residence
68.6
72.0
72.9
71.3
Other
7.7
10.2
7.9
7.5
Lines of credit not secured
by residential property
1.9
0.8
0.6
0.3
Installment loans
16.7
11.3
11.9
13.3
Credit card balances
2.9
3.2
3.9
3.9
Other
2.3
2.4
2.9
3.7
Total
100
100
100
100
Memo
Debt as a percentage
of total assets
Note: See note to table 1.

12.1

14.5

14.6

14.2

2001

2004

75.2
6.2

75.1
8.7

0.5
12.4
3.4
2.3
100

0.7
10.9
3.0
1.6
100

12.1

15.0

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1989 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Family characteristic
residential
loans
balances
Primary
Other
property
residence
Percentage of families holding debt
All families
39.5
5.2
3.2
49.4
39.7

Any
debt

Other

6.7

72.3

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

7.5
23.3
37.9
56.3
70.4
74.1

*
*
3.3
5.6
10.7
19.4

*
*
*
4.2
8.5
5.8

33.4
40.2
53.5
64.0
63.3
48.3

15.0
28.2
48.8
57.4
57.7
40.3

5.9
5.2
4.8
6.1
7.9
14.9

47.2
59.6
78.0
86.0
93.5
87.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

34.8
57.9
58.3
37.0
21.8
6.3

1.6
7.0
10.6
7.4
4.1
*

4.4
4.7
4.0
1.5
*
*

60.7
67.5
59.2
38.5
21.4
9.8

44.5
50.5
49.3
32.9
27.1
10.1

6.1
8.5
9.4
8.1
3.3
1.9

79.8
88.6
85.2
70.8
49.7
21.0

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

43.0
28.9

5.8
3.4

3.0
3.5

49.3
49.7

41.4
34.4

7.2
5.1

73.2
69.5

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

49.8
49.9
16.7
19.9

5.8
8.6
2.9
*

4.6
4.5
*
*

61.7
53.8
21.9
41.0

53.3
29.3
18.3
20.9

7.5
10.7
3.3
*

86.4
80.1
40.2
60.0

Housing status
Owner
Renter or other

61.8
*

6.8
2.3

2.8
3.9

50.8
46.9

43.9
32.2

6.8
6.4

78.3
61.7

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

5.2
40.0
57.7
60.2
47.1

*
1.6
4.4
9.5
20.4

3.3
3.4
2.6
2.6
4.5

49.1
58.4
52.5
41.6
31.5

27.6
48.2
49.2
43.4
19.1

7.6
3.5
5.1
8.7
13.0

60.8
78.1
77.2
76.1
68.2

1989 Survey of Consumer Finances
Lines of credit
not secured by
Installment
Credit card
Other
residential
loans
balances
Other
property
Median value of holdings for families holding debt (thousands of dollars)
26.0
2.0
5.0
0.9

Secured by residential property
Family characteristic

Primary
residence

All families

32.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

7.0
12.0
21.0
36.0
42.0
70.0

*
*
14.0
14.0
27.0
40.0

*
*
*
2.0
2.0
5.0

1.4
3.0
6.0
7.0
8.0
8.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

44.0
40.0
26.0
20.0
9.0
7.0

17.5
35.0
20.0
34.0
14.0
*

1.4
3.0
1.0
2.0
*
*

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

34.0
27.0

27.0
24.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

36.0
35.0
11.0
13.0

Housing status
Owner
Renter or other

32.0
*

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

Any
debt

2.0

15.0

0.3
0.6
0.8
1.0
1.3
2.2

0.5
1.0
0.9
1.0
4.0
5.0

1.7
5.0
12.0
28.2
40.0
74.0

5.0
7.0
7.0
4.0
3.0
3.0

1.0
1.0
1.0
1.0
0.6
0.2

0.8
1.0
3.0
3.0
2.0
5.0

11.4
30.3
24.0
9.5
5.0
3.0

3.0
1.4

6.0
3.0

1.0
0.8

2.0
0.7

18.8
7.2

28.0
40.0
14.0
*

2.0
10.0
*
*

6.0
8.0
3.5
2.0

1.0
1.0
0.5
0.6

2.0
5.0
1.0
*

20.0
26.0
5.0
3.8

27.0
17.5

3.0
1.0

7.0
3.2

1.0
0.8

3.0
0.8

31.3
3.0

1.0
0.7
1.0
1.0
1.5

0.6
0.9
1.0
3.8
7.0

3.6
11.4
28.1
32.2
50.3

37.0
*
2.0
3.0
28.0
12.0
1.0
5.0
31.0
14.0
2.0
7.0
38.0
25.0
3.0
8.0
45.0
43.0
10.0
8.0
* Fifty (ten observations over five implicates) or fewer total observations.

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1989 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Any
Family characteristic
Other
residential
loans
balances
debt
Primary
Other
property
residence
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
All families
45.4
38.9
15.3
8.8
1.9
9.1

36.1

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

12.9
19.9
28.4
42.9
49.8
85.2

*
*
23.5
20.6
36.3
59.5

*
*
*
3.1
10.9
59.9

3.3
5.1
8.8
10.5
9.7
16.9

0.5
1.2
1.6
1.9
2.2
3.9

4.0
3.2
3.8
7.7
13.0
19.7

5.3
12.6
22.1
39.2
51.7
103.8

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

54.1
53.8
39.3
37.3
16.5
19.8

38.2
43.1
34.0
50.1
23.3
*

2.0
8.4
16.8
12.3
*
*

8.0
9.8
10.2
8.4
5.3
8.0

1.9
2.0
2.1
1.8
1.3
0.6

3.7
6.9
13.2
11.5
17.2
17.4

31.8
48.3
41.7
31.7
17.1
12.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

46.2
42.1

38.8
39.3

20.3
2.4

9.6
6.6

1.8
2.1

9.6
7.2

39.4
25.8

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

46.4
63.6
20.1
29.8

37.3
59.1
22.0
*

4.8
54.8
*
*

8.1
16.4
6.8
4.7

2.0
2.5
1.0
1.9

5.9
23.4
8.3
*

37.0
64.1
15.6
15.1

Housing status
Owner
Renter or other

45.4
*

40.6
29.8

23.4
5.0

10.4
5.8

2.0
1.6

10.1
7.1

48.9
7.4

6.4
7.0
8.7
12.1
20.6

1.9
1.5
1.8
2.4
3.1

3.7
4.7
4.5
4.9
28.7

10.8
22.9
39.6
51.1
95.5

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

45.1
*
2.1
31.4
17.7
2.3
41.2
21.8
6.0
49.2
28.0
3.7
80.9
60.6
88.1
* Fifty (ten observations over five implicates) or fewer total observations.

*

*
*

*
*
*

*

*
*

*

*
*

*

*

*

*

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1992 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Family characteristic
residential
loans
balances
Primary
Other
property
residence
Percentage of families holding debt
All families
39.1
5.7
2.4
46.0
43.7

Any
debt

Other

8.4

73.2

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

10.3
22.0
35.3
56.5
68.2
74.8

*
2.0
4.0
5.6
10.0
22.3

*
*
2.5
2.9
5.0
4.3

31.1
42.4
54.5
54.2
54.4
40.9

23.4
42.0
51.8
55.6
53.1
38.4

4.7
6.0
9.0
9.6
9.2
16.0

48.9
66.2
78.8
85.0
87.2
87.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

30.9
55.5
61.4
40.9
18.5
8.6

3.0
7.1
9.4
9.8
3.1
0.7

2.8
3.3
2.7
1.6
1.0
*

61.7
57.8
49.9
38.8
22.9
8.3

51.8
50.9
49.0
37.1
32.1
20.1

6.4
11.5
10.4
9.6
6.0
4.4

81.5
86.3
85.4
70.2
51.4
31.6

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

42.8
27.8

6.4
3.3

2.6
1.6

46.2
45.1

44.2
42.1

8.2
9.1

74.3
70.1

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

48.6
59.0
16.9
20.1

6.2
13.0
2.6
2.6

3.1
3.8
*
*

58.1
47.8
21.1
41.3

53.9
47.5
25.3
29.2

9.4
12.4
5.2
6.4

85.6
85.1
45.1
64.3

Housing status
Owner
Renter or other

61.2
*

7.0
3.4

2.1
2.9

44.3
48.9

46.6
38.6

9.1
7.1

78.5
64.0

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

7.9
42.8
52.8
51.2
55.6

*
2.7
4.9
10.0
20.7

2.4
2.0
2.1
3.0
3.2

52.3
56.5
44.7
33.7
25.5

38.7
52.6
49.4
39.5
25.9

7.7
8.3
7.2
7.9
14.1

64.9
79.2
77.3
71.3
72.0

1992 Survey of Consumer Finances
Lines of credit
not secured by
Installment
Credit card
Other
residential
loans
balances
Other
property
Median value of holdings for families holding debt (thousands of dollars)
25.0
2.0
4.6
1.0

Secured by residential property
Family characteristic

Primary
residence

All families

43.5

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

15.0
21.0
32.0
44.0
55.0
85.0

*
4.0
16.0
18.0
30.2
47.0

*
*
1.6
1.5
1.8
4.0

1.9
2.9
4.1
6.6
7.3
10.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

51.0
55.0
40.0
30.0
17.0
28.0

17.0
27.0
34.0
20.0
17.0
239.5

1.2
1.8
5.0
4.0
4.0
*

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

45.0
31.5

25.0
18.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

46.0
61.0
19.0
25.0

Housing status
Owner
Renter or other

43.5
*

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

Any
debt

2.5

17.3

0.5
0.8
0.9
1.4
1.5
2.3

1.0
0.8
2.0
2.9
3.0
6.0

2.2
5.5
11.3
30.7
54.7
93.8

4.6
5.1
4.7
4.5
4.0
3.1

0.9
1.2
1.6
1.0
0.8
0.5

1.4
3.0
3.0
3.0
1.5
2.7

10.4
36.0
27.3
19.1
4.9
2.4

2.0
2.2

5.1
3.0

1.1
0.8

3.0
2.0

22.0
7.1

22.0
41.0
18.0
27.0

1.6
4.0
*
*

5.0
6.4
3.4
2.6

1.0
1.8
0.7
0.8

2.5
5.0
2.0
2.5

21.0
43.3
5.5
4.6

27.0
18.0

2.8
1.2

5.6
3.6

1.1
0.9

3.0
1.5

36.2
3.5

0.9
1.1
1.0
1.1
1.6

1.1
1.3
2.5
5.0
6.0

4.4
14.7
30.0
33.3
76.0

30.0
*
1.2
3.7
35.0
13.0
1.0
3.8
44.0
18.5
1.8
5.7
45.0
22.0
6.0
6.1
70.0
55.0
18.0
8.1
* Fifty (ten observations over five implicates) or fewer total observations.

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1992 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Any
Family characteristic
Other
residential
loans
balances
debt
Primary
Other
property
residence
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
All families
58.1
57.1
11.1
7.8
2.3
9.2

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

43.2

27.3
30.2
38.3
50.3
62.9
109.3

*
10.1
43.4
38.2
45.2
86.9

*
*
3.6
3.5
3.6
39.0

4.1
6.0
7.5
8.2
8.9
15.4

1.3
1.6
1.9
2.7
2.8
4.3

8.1
2.2
9.5
5.2
6.1
21.2

10.0
15.7
27.0
43.7
62.5
130.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

63.5
69.5
54.2
44.9
33.8
34.4

46.8
46.6
62.4
57.0
75.0
213.6

2.4
2.0
16.5
36.9
51.3
*

7.8
8.4
7.1
8.0
6.9
6.3

1.9
2.7
3.0
2.2
1.5
1.9

3.1
8.1
9.5
11.0
24.3
5.1

33.3
57.0
53.4
42.2
24.6
17.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

59.0
54.0

57.8
52.6

12.3
4.9

8.4
6.0

2.4
1.9

10.8
4.6

47.4
29.6

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

57.6
81.2
29.3
53.3

44.1
94.6
53.7
22.6

4.4
38.4
*
*

7.7
11.1
6.0
6.7

2.3
3.4
1.6
1.7

6.5
24.6
4.3
8.2

43.4
84.2
18.4
23.4

Housing status
Owner
Renter or other

58.1
*

57.7
54.6

18.3
2.0

8.8
6.2

2.4
2.1

11.7
3.4

58.7
9.4

8.1
6.0
7.8
7.8
16.3

2.1
2.1
2.4
2.3
3.5

4.8
2.8
5.6
6.3
31.5

13.4
30.3
44.8
56.7
121.1

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

35.4
*
1.9
43.0
28.5
1.7
53.3
28.3
2.3
63.2
37.1
12.5
100.0
98.0
55.4
* Fifty (ten observations over five implicates) or fewer total observations.

*

*

*
*

*

*
*

*

*

*

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1995 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Family characteristic
residential
loans
balances
Primary
Other
property
residence
Percentage of families holding debt
All families
41.0
4.8
1.9
46.0
47.3

Any
debt

Other

8.5

74.5

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

10.6
26.0
37.6
59.3
69.8
72.9

1.3
1.6
3.2
5.2
7.7
17.3

*
*
2.2
2.3
3.4
4.2

27.4
40.3
49.3
60.4
60.5
44.3

26.6
42.9
52.6
60.0
61.2
47.3

6.7
7.8
8.0
8.9
8.6
13.2

49.3
68.4
79.4
87.4
90.1
86.2

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

33.0
54.3
61.8
45.2
24.7
6.8

2.1
5.0
8.4
8.4
3.5
1.0

2.7
2.1
2.2
1.7
1.3
*

62.5
59.8
53.3
34.8
16.5
8.8

54.6
55.9
56.4
43.2
30.5
17.5

7.4
10.5
13.0
7.8
5.4
2.9

83.5
87.0
86.3
73.7
53.4
28.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

44.1
30.2

5.1
3.5

2.1
*

46.1
45.3

47.1
47.9

8.5
8.5

75.4
71.6

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

51.2
51.6
18.7
17.9

5.4
8.3
2.4
*

2.3
3.6
*
*

58.6
45.6
18.3
40.3

58.0
45.3
25.9
36.8

9.9
8.8
4.6
9.7

87.4
81.2
44.9
62.9

Housing status
Owner
Renter or other

63.3
*

5.8
2.8

1.5
2.6

45.4
46.9

51.1
40.3

8.0
9.4

79.6
65.3

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

9.4
47.6
55.4
49.4
54.5

*
2.5
3.4
8.2
18.7

2.4
2.2
1.2
*
3.2

48.9
54.7
47.4
36.2
27.9

41.4
55.5
57.2
39.7
27.9

9.6
9.4
7.0
8.2
7.3

66.5
81.5
79.4
70.5
70.8

1995 Survey of Consumer Finances
Lines of credit
not secured by
Installment
Credit card
Other
residential
loans
balances
Other
property
Median value of holdings for families holding debt (thousands of dollars)
30.0
3.5
6.1
1.5

Secured by residential property
Family characteristic

Primary
residence

All families

51.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

18.0
27.0
38.0
57.0
65.0
91.0

8.0
20.0
19.0
33.0
30.0
40.0

*
*
3.0
2.3
5.0
5.0

3.1
3.5
6.4
7.2
9.8
9.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

62.0
60.0
49.0
37.0
19.0
12.0

25.0
30.0
30.0
35.0
33.0
8.0

1.4
2.0
6.0
3.4
3.8
*

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

54.0
40.0

33.0
25.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

56.0
60.0
23.0
41.0

Housing status
Owner
Renter or other

51.0
*

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

Any
debt

2.0

21.7

0.7
1.3
1.5
1.6
2.1
2.8

2.0
1.0
1.8
1.9
3.7
5.0

3.1
8.7
15.0
42.0
63.3
98.6

7.1
5.6
7.2
5.0
4.9
3.4

1.3
1.9
2.0
1.3
0.8
0.4

1.5
2.0
3.0
4.0
2.0
4.0

15.1
37.3
39.0
21.0
7.0
1.9

3.8
*

6.5
4.9

1.5
1.2

2.5
1.5

26.5
10.6

27.2
45.0
33.0
*

2.5
7.0
*
*

6.9
5.9
4.1
4.9

1.6
2.5
0.8
0.8

2.0
5.0
3.0
1.5

28.6
40.0
6.0
7.7

30.0
43.0

4.8
1.4

6.8
4.9

1.5
1.2

3.0
1.5

45.3
4.8

1.6
1.4
1.5
1.4
1.4

1.5
1.6
2.0
3.0
9.0

6.2
21.0
36.3
34.8
74.2

47.0
*
2.6
5.3
45.0
19.0
3.0
6.0
52.0
25.0
2.3
5.9
50.0
25.0
*
7.2
75.0
60.0
8.0
7.8
* Fifty (ten observations over five implicates) or fewer total observations.

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1995 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Any
Family characteristic
Other
residential
loans
balances
debt
Primary
Other
property
residence
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
All families
64.6
60.2
10.9
9.4
3.0
12.2

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

48.8

30.5
34.5
45.0
60.1
75.4
113.4

25.8
32.1
39.1
44.7
51.3
91.4

*
*
8.2
4.2
8.5
27.8

5.7
6.5
9.0
9.9
12.9
14.7

1.8
2.5
2.7
2.8
3.6
5.6

6.9
4.4
6.2
5.2
6.3
47.6

12.3
19.8
31.2
52.7
74.8
133.6

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

66.4
73.4
67.8
56.2
36.5
24.1

43.5
52.6
67.0
66.7
57.2
74.2

6.7
4.3
18.3
13.4
23.7
*

9.8
8.5
11.7
7.6
7.9
5.2

2.8
3.2
3.7
2.9
1.8
1.1

6.9
7.9
9.1
33.8
25.3
5.6

37.4
57.8
66.5
51.3
27.3
11.5

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

65.6
59.6

64.6
38.0

12.5
*

9.6
9.0

3.2
2.2

14.6
4.1

52.6
34.7

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

65.6
85.6
35.5
61.1

55.4
89.7
49.6
*

8.2
21.1
*
*

9.8
10.7
6.4
7.8

3.0
5.0
1.9
2.2

6.5
59.4
9.2
2.4

51.4
79.8
22.3
25.1

Housing status
Owner
Renter or other

64.6
*

58.6
66.1

15.5
6.0

10.2
8.1

3.1
2.7

15.5
7.2

65.4
11.7

10.0
8.1
8.7
10.1
15.6

3.2
2.4
3.1
3.4
3.7

6.9
3.8
6.3
8.1
78.6

18.7
39.0
52.9
58.0
122.4

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

55.0
*
3.6
52.1
28.9
4.7
62.2
32.6
9.1
64.0
42.7
*
103.3
96.4
36.6
* Fifty (ten observations over five implicates) or fewer total observations.

*

*
*

*

*

*

*
*

*

*

*

*

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1998 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Family characteristic
residential
loans
balances
Primary
Other
property
residence
Percentage of families holding debt
All families
43.1
5.0
2.3
43.8
44.1

Any
debt

Other

8.8

74.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

11.0
24.1
43.7
63.4
73.5
73.0

*
1.8
4.1
6.7
7.7
15.4

*
1.7
2.7
3.1
4.2
2.5

27.3
36.5
51.6
51.6
58.3
45.4

24.4
41.5
49.3
57.7
53.0
42.2

5.5
6.6
7.7
10.8
12.5
13.7

47.7
66.4
79.9
87.5
89.4
88.1

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

33.2
58.7
58.8
49.3
26.0
11.5

1.8
6.6
6.6
7.8
5.2
1.8

2.4
3.6
3.6
1.6
*
*

60.0
53.3
51.4
37.9
20.2
4.2

50.7
51.3
52.5
45.6
29.2
11.2

9.6
11.4
11.1
8.3
4.1
2.0

81.2
87.6
87.0
76.2
51.4
24.6

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

46.7
31.0

5.3
4.0

2.5
1.8

44.2
42.3

44.3
43.5

8.8
8.5

74.8
71.5

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

50.8
63.1
18.7
26.8

5.1
10.6
3.1
*

2.7
3.7
*
*

55.2
46.7
15.8
38.5

53.5
47.5
21.0
38.5

10.8
10.7
3.3
7.5

86.8
84.6
39.9
65.7

Housing status
Owner
Renter or other

65.1
*

6.2
2.7

1.8
3.4

44.3
42.7

46.2
40.0

9.2
7.8

79.4
63.5

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

11.3
47.2
56.2
56.9
58.7

*
3.1
4.8
8.8
14.8

2.8
2.5
1.7
2.0
2.6

47.1
49.9
46.4
34.5
27.4

39.6
54.7
48.8
36.7
28.4

9.4
9.2
7.6
7.6
10.8

65.6
81.3
76.8
70.2
75.7

1998 Survey of Consumer Finances
Lines of credit
not secured by
Installment
Credit card
Other
residential
loans
balances
Other
property
Median value of holdings for families holding debt (thousands of dollars)
41.0
2.5
8.8
1.7

Secured by residential property
Family characteristic

All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Primary
residence
62.0

Any
debt

3.0

32.4

24.0
37.0
42.0
65.0
80.0
118.0

*
34.0
19.0
30.0
42.6
70.0

*
1.1
1.5
2.8
3.0
6.4

4.0
6.3
7.9
12.0
11.0
14.1

0.9
1.3
1.9
2.1
2.0
3.0

1.0
2.0
2.0
3.0
5.0
10.0

4.3
10.2
25.6
57.6
85.0
125.9

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

71.0
70.0
67.0
48.0
26.0
21.0

37.5
40.0
44.0
41.0
56.0
30.0

1.0
1.4
3.0
4.9
*
*

9.1
7.7
10.0
8.3
6.4
8.9

1.5
2.0
1.8
2.0
1.1
0.7

1.7
3.0
5.0
5.0
4.5
1.7

19.2
55.6
48.0
34.4
12.0
8.0

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

62.0
62.0

42.6
40.0

2.8
0.7

9.2
7.2

2.0
1.1

3.3
1.8

39.7
15.5

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

66.0
74.0
37.0
57.0

37.0
55.0
34.0
*

2.8
3.8
*
*

8.9
11.0
6.0
6.8

1.9
2.0
1.0
1.2

3.0
6.5
1.9
1.1

35.0
65.0
10.2
12.6

Housing status
Owner
Renter or other

62.0
*

42.0
27.5

2.2
2.8

9.6
7.7

2.0
1.3

4.0
1.3

60.3
6.0

1.6
1.7
1.8
1.5
1.9

1.5
2.0
5.0
6.0
20.0

8.3
28.8
46.1
65.0
97.0

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

56.5
*
1.0
8.0
55.0
29.0
3.0
7.8
59.0
23.0
3.0
8.9
70.0
60.0
1.3
10.0
100.0
72.0
10.0
14.7
* Fifty (ten observations over five implicates) or fewer total observations.

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1998 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Any
Family characteristic
Other
residential
loans
balances
debt
Primary
Other
property
residence
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
All families
77.7
71.1
6.8
14.2
4.1
20.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

63.4

33.3
43.8
50.7
71.3
85.5
148.9

*
46.8
35.3
62.3
64.1
108.7

*
2.8
4.2
4.1
5.0
30.5

8.0
9.3
11.6
17.5
15.6
26.6

2.1
3.0
4.3
4.5
4.4
6.7

2.9
4.6
5.8
14.6
11.5
80.9

14.5
24.7
40.4
71.7
90.4
173.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

75.2
86.3
83.2
72.2
51.0
36.4

55.6
68.6
72.9
74.9
86.1
48.8

3.4
4.5
7.0
10.4
*
*

14.7
13.6
15.1
15.0
10.5
8.8

3.2
4.7
4.2
5.0
3.9
2.5

3.8
6.1
35.8
33.6
59.6
53.6

45.5
74.9
78.1
68.7
46.1
27.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

78.9
71.4

75.6
51.3

7.5
3.5

15.3
10.7

4.5
2.8

22.9
10.1

69.3
43.1

76.2
103.1
49.7
70.8

60.9
94.6
74.2
*

4.5
15.3
*
*

13.4
23.3
9.5
12.8

4.1
5.2
3.4
3.3

11.2
42.8
63.5
4.5

60.7
110.5
39.9
39.6

77.7
*

76.2
47.9

8.9
4.6

15.0
12.7

4.4
3.5

27.0
3.9

83.8
13.4

14.0
10.8
13.2
13.7
36.3

4.1
3.9
3.7
4.4
6.2

12.8
3.3
5.9
19.5
96.4

25.9
45.7
62.4
87.8
161.2

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

61.3
*
2.2
59.5
36.7
3.8
67.6
30.6
4.8
84.2
65.9
3.2
136.8
126.2
33.5
* Fifty (ten observations over five implicates) or fewer total observations.

*

*

*

*

*
*

*

*
*

*

*

*

*

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
2001 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Family characteristic
residential
loans
balances
Primary
Other
property
residence
Percentage of families holding debt
All families
44.6
4.6
1.5
45.2
44.4

Any
debt

Other

7.2

75.1

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

13.8
26.7
44.4
62.1
76.9
75.4

*
1.7
3.3
5.7
9.9
14.2

1.3
1.5
1.5
1.5
2.6
1.3

25.5
43.0
52.1
56.8
55.8
41.7

30.4
44.2
53.2
52.2
50.6
33.2

5.7
6.0
7.5
7.6
9.6
8.8

49.2
70.4
81.8
85.6
91.9
85.3

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

35.7
59.6
59.8
49.0
32.0
9.5

2.7
4.9
6.4
7.7
3.4
2.0

1.7
1.7
1.5
3.1
*
*

63.8
57.1
45.9
39.7
21.1
9.5

49.6
54.1
50.4
41.6
30.0
18.4

8.8
8.0
7.4
7.4
5.0
3.6

82.7
88.6
84.6
75.6
56.8
29.2

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

47.6
35.6

5.3
2.4

1.7
1.2

45.5
44.4

43.3
47.6

7.4
6.5

75.8
73.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

52.5
59.2
19.6
28.1

5.3
7.3
1.9
*

1.4
3.5
*
*

57.0
39.8
17.5
41.5

53.2
42.9
24.0
32.3

8.2
8.1
4.4
6.1

86.5
81.7
44.2
61.9

Housing status
Owner
Renter or other

65.9
*

5.9
2.0

1.0
2.8

45.6
44.5

44.4
44.3

6.9
7.8

80.0
65.0

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

11.2
49.5
59.3
60.8
55.0

*
2.0
5.5
7.8
14.1

2.4
1.3
*
*
2.1

48.9
51.1
48.2
37.2
25.6

45.5
55.1
44.7
39.0
22.1

8.3
7.2
7.1
4.8
8.2

68.7
80.8
78.0
75.2
69.7

2001 Survey of Consumer Finances
Lines of credit
not secured by
Installment
Credit card
Other
residential
loans
balances
Other
property
Median value of holdings for families holding debt (thousands of dollars)
40.0
3.9
9.7
1.9

Secured by residential property
Family characteristic

All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Primary
residence
70.0

Any
debt

3.0

38.7

28.0
39.0
58.0
75.0
90.0
135.0

*
30.0
38.8
40.0
32.0
78.0

0.5
1.1
0.7
4.0
7.8
10.0

4.7
6.4
10.0
11.9
15.0
14.0

1.0
1.2
2.0
2.2
4.0
2.8

1.0
3.0
2.0
3.0
4.0
21.0

5.3
11.0
29.6
63.6
96.6
146.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

77.0
80.0
75.0
55.0
39.0
45.0

52.0
49.0
33.5
32.0
77.0
42.0

0.5
0.7
5.3
20.0
*
*

9.6
11.0
9.7
9.1
7.0
5.8

2.0
2.0
2.3
1.9
1.0
0.7

2.0
3.1
5.0
5.0
2.5
2.5

25.0
61.8
54.1
34.4
13.1
5.0

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

75.0
60.0

40.0
40.0

4.0
0.7

10.0
8.3

2.0
1.5

3.7
2.0

45.0
20.0

74.0
100.0
31.0
72.0

37.5
87.0
43.5
*

3.0
15.0
*
*

10.0
10.0
6.9
9.8

2.0
2.5
0.9
2.0

2.1
12.0
3.3
2.5

42.5
77.1
9.8
34.5

70.0
*

40.0
38.0

15.0
1.0

10.5
7.0

2.1
1.2

4.0
2.0

69.3
6.0

1.6
1.9
2.0
2.0
2.0

2.0
1.2
4.0
7.0
30.0

8.8
38.3
59.6
80.0
129.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

56.0
*
0.5
8.4
57.0
20.0
1.8
9.3
68.0
47.0
*
10.0
86.0
30.0
*
12.0
137.0
78.0
20.0
12.0
* Fifty (ten observations over five implicates) or fewer total observations.

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
2001 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Any
Family characteristic
Other
residential
loans
balances
debt
Primary
Other
property
residence
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
All families
91.9
73.2
17.9
14.9
4.1
17.7

72.6

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

37.2
45.2
63.5
81.1
104.2
183.5

*
31.3
49.0
49.3
57.4
127.7

6.1
6.8
3.0
17.9
11.9
109.1

8.8
10.6
13.0
15.1
18.3
30.8

2.1
2.7
3.7
4.6
7.4
6.5

2.1
8.3
6.2
6.4
11.2
96.5

16.8
27.0
47.7
75.8
110.1
212.8

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

90.9
99.3
101.1
80.5
65.1
51.9

70.1
71.3
62.5
78.7
120.9
48.9

4.6
4.8
16.3
32.1
*
*

13.9
17.1
15.6
14.6
9.6
8.2

4.0
4.3
4.2
4.1
5.1
1.9

4.8
10.8
27.4
37.6
15.1
30.5

55.3
85.4
89.9
75.1
52.5
27.9

96.3
73.7

72.9
75.3

20.4
7.0

15.5
13.2

4.4
3.4

21.4
4.6

79.9
49.3

88.0
136.2
50.2
94.2

59.0
124.7
88.5
*

8.2
41.9
*
*

14.1
24.5
10.0
15.4

4.2
5.6
2.2
5.7

11.8
53.0
15.0
12.7

70.2
131.6
33.0
58.6

91.9
*

73.3
72.5

30.5
8.6

16.4
11.8

4.5
3.4

22.2
9.2

95.3
14.1

13.4
12.4
13.4
16.3
38.8

3.9
3.4
4.5
4.5
7.1

6.2
4.1
5.5
19.1
101.7

22.9
50.5
76.0
101.3
202.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

59.6
*
4.1
64.1
22.8
4.2
79.7
56.0
*
103.4
53.7
*
184.3
129.6
83.9
* Fifty (ten observations over five implicates) or fewer total observations.

*

*

*
*

*

*
*

*

*
*
*

*

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
2004 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Family characteristic
residential
loans
balances
Primary
Other
property
residence
Percentage of families holding debt
All families
47.9
4.0
1.6
46.0
46.2

Any
debt

Other

7.6

76.4

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

15.7
29.9
51.6
65.7
76.9
76.2

*
1.3
2.7
4.4
7.6
15.1

*
1.5
1.7
1.8
2.6
2.5

27.1
39.6
52.3
58.3
59.3
45.9

29.1
42.5
55.0
56.2
57.5
38.6

4.5
5.8
8.0
8.2
12.2
10.9

52.6
69.7
84.0
86.7
91.7
86.4

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

37.7
62.8
64.6
51.0
32.1
18.7

1.9
4.0
6.3
6.1
3.2
1.5

2.2
1.5
2.9
0.7
0.4
*

59.4
55.7
50.2
42.8
27.5
13.9

47.5
58.8
54.0
42.1
31.9
23.5

6.2
11.3
9.4
8.4
4.0
2.5

79.8
88.6
88.4
76.3
58.8
40.3

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

51.9
37.4

4.5
2.8

1.7
1.1

47.1
43.2

46.0
46.7

7.8
7.3

78.0
72.5

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

56.1
59.5
24.6
30.3

4.1
10.1
1.2
*

1.9
3.0
*
*

55.7
43.6
22.8
45.6

54.9
44.3
25.9
41.0

9.8
5.8
3.9
*

86.1
81.5
50.7
70.4

Housing status
Owner
Renter or other

69.4
*

5.1
1.6

1.3
2.1

46.6
44.6

48.8
40.4

7.7
7.3

82.3
63.4

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

12.2
52.9
66.1
61.6
58.4

*
1.4
4.5
5.5
17.0

1.3
1.7
1.9
1.3
1.4

47.4
52.6
49.0
40.3
27.2

40.2
58.1
52.7
40.5
23.4

6.3
9.2
7.0
7.1
9.1

64.9
83.8
83.1
74.7
72.6

2004 Survey of Consumer Finances
Lines of credit
not secured by
Installment
Credit card
Other
residential
loans
balances
Other
property
Median value of holdings for families holding debt (thousands of dollars)
87.0
3.0
11.7
2.2

Secured by residential property
Family characteristic

All families

Primary
residence
95.0

Any
debt

4.0

55.3

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

35.0
53.0
77.0
97.0
132.0
187.0

*
42.0
70.0
62.0
78.0
159.0

*
0.3
1.0
7.0
14.0
40.0

5.6
8.1
11.0
14.0
15.0
18.0

1.0
1.8
2.2
3.0
2.7
4.0

2.0
3.0
2.3
3.5
5.0
10.0

7.0
16.5
44.2
91.8
136.0
209.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

106.7
110.0
97.0
83.0
51.0
31.0

66.0
78.0
87.0
113.0
100.0
39.0

1.0
1.9
7.0
14.0
4.0
*

12.0
12.0
12.0
13.0
8.3
6.7

1.5
2.5
2.9
2.2
2.2
1.0

3.0
4.0
4.0
5.5
5.0
2.0

34.0
87.2
83.0
47.0
25.0
15.4

98.0
83.0

88.0
80.0

4.0
0.4

12.2
9.6

2.5
1.6

4.0
3.0

69.5
30.6

100
119.0
42.0
78.0

83
105.0
79.0
*

4
2.2
*
*

12
16.0
7.3
7.5

2.3
2.7
1.4
2.5

3.5
7.0
3.0
*

71.66
93.8
15.4
21.1

95.0
*

90.0
83.0

8.0
0.5

13.0
8.7

2.5
1.5

4.0
3.0

95.8
7.8

1.8
2.0
2.5
3.0
3.1

3.0
2.0
4.0
5.0
20.0

11.1
44.3
90.0
111.3
192.3

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

71.0
*
0.3
10.4
75.0
26.0
1.0
9.3
97.0
50.3
8.0
13.0
115.0
100.0
22.0
13.0
186.0
145.0
50.0
17.2
* Fifty (ten observations over five implicates) or fewer total observations.

11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
2004 Survey of Consumer Finances
Lines of credit
Secured by residential property
not secured by
Installment
Credit card
Any
Family characteristic
Other
residential
loans
balances
debt
Primary
Other
property
residence
Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
All families
124.0
171.6
36.3
18.8
5.1
16.7
103.5

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

50.1
68.3
87.3
113.0
151.5
238.8

*
86.1
84.3
90.6
91.4
301.0

*
6.6
3.1
15.7
34.2
151.4

12.2
14.8
15.0
20.1
22.7
33.5

2.7
3.8
5.2
5.5
6.5
8.5

8.1
8.5
6.8
5.8
17.8
62.8

25.0
42.5
69.6
108.1
156.6
297.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

127.3
135.9
134.9
118.1
76.8
61.3

109.3
128.7
212.2
203.3
152.3
84.5

19.3
16.9
24.6
117.9
243.0
*

18.3
18.6
17.0
18.9
13.9
45.4

3.7
5.2
6.2
5.7
5.4
4.3

6.1
9.6
13.5
34.5
39.9
35.5

79.7
119.0
129.5
113.7
64.2
52.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

127.0
112.9

162.4
209.9

41.0
17.3

19.6
16.4

5.6
4.0

20.3
6.9

112.0
79.6

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

125.1
166.4
68.1
114.4

134.7
252.1
155.8
*

20.7
71.9
*
*

17.7
24.1
19.8
20.5

5.0
7.1
4.1
5.4

8.6
71.1
25.6
*

104.0
177.1
50.4
71.0

Housing status
Owner
Renter or other

124.0
*

180.9
102.9

48.9
18.4

20.4
14.9

5.5
4.0

20.9
7.0

133.3
17.0

19.2
13.0
19.1
17.8
45.5

4.2
4.5
5.8
5.8
7.5

6.5
5.1
9.5
9.1
87.2

31.7
66.4
111.4
137.4
295.4

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

75.9
*
9.3
84.7
54.4
7.3
115.5
67.6
12.0
139.0
113.9
42.6
238.1
293.6
262.8
* Fifty (ten observations over five implicates) or fewer total observations.

*

*

*

*

*

*

*
*

*

*

*

*

*

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1989 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Percentage of families holding debt
3.2
8.9

All families

38.6

3.1

5.2

39.7

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

7.5
22.1
37.3
55.4
69.8
71.4

*
*
2.4
4.0
4.2
11.8

*
*
3.3
5.6
10.7
19.4

15.0
28.2
48.8
57.4
57.7
40.3

*
*
*
4.2
8.5
5.8

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

34.8
57.5
56.9
34.1
20.7
5.8

*
4.5
6.2
5.8
*
*

1.6
7.0
10.6
7.4
4.1
*

44.5
50.5
49.3
32.9
27.1
10.1

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

41.9
28.6

3.8
1.2

5.8
3.4

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

48.8
49.5
15.9
18.9

4.2
4.0
1.0
*

Housing status
Owner
Renter or other

60.4
*

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

5.2
40.0
56.3
58.4
44.7

Any
debt

Other

Other
loans
34.7

22.0

6.7

72.3

8.5
8.3
7.6
12.2
8.0
8.2

12.3
21.7
41.6
50.8
55.2
38.5

20.5
23.5
22.9
26.8
19.3
13.2

5.9
5.2
4.8
6.1
7.9
14.9

47.2
59.6
78.0
86.0
93.5
87.5

4.4
4.7
4.0
1.5
*
*

17.1
10.9
7.3
4.1
*
*

37.7
50.5
47.6
27.7
14.0
5.0

30.7
30.0
21.5
12.3
11.3
6.2

6.1
8.5
9.4
8.1
3.3
1.9

79.8
88.6
85.2
70.8
49.7
21.0

41.4
34.4

3.0
3.5

8.3
10.8

36.5
29.2

20.9
25.4

7.2
5.1

73.2
69.5

5.8
8.6
2.9
*

53.3
29.3
18.3
20.9

4.6
4.5
*
*

11.9
8.4
1.4
13.1

46.8
36.1
13.0
10.5

25.4
23.4
13.1
24.4

7.5
10.7
3.3
*

86.4
80.1
40.2
60.0

4.9
*

6.8
2.3

43.9
32.2

2.8
3.9

6.7
12.8

38.7
27.6

22.1
21.8

6.8
6.4

78.3
61.7

*
*
5.1
7.1
5.9

*
1.6
4.4
9.5
20.4

27.6
48.2
49.2
43.4
19.1

3.3
3.4
2.6
2.6
4.5

14.5
9.2
6.8
6.4
3.4

24.5
41.2
43.0
33.9
24.0

29.5
27.5
18.7
14.4
9.2

7.6
3.5
5.1
8.7
13.0

60.8
78.1
77.2
76.1
68.2

1989 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Median value of holdings for families holding debt (thousands of dollars)
0.9
2.0
3.0
6.0

All families

31.0

19.0

26.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

7.0
12.0
21.0
36.0
41.0
60.0

*
*
8.0
15.0
25.0
24.0

*
*
14.0
14.0
27.0
40.0

0.3
0.6
0.8
1.0
1.3
2.2

*
*
*
2.0
2.0
5.0

2.7
3.0
4.0
3.0
2.0
2.9

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

44.0
39.0
25.0
20.0
10.0
11.0

*
15.0
21.0
19.0
*
*

17.5
35.0
20.0
34.0
14.0
*

1.0
1.0
1.0
1.0
0.6
0.2

1.4
3.0
1.0
2.0
*
*

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

33.0
27.0

18.0
25.0

27.0
24.0

1.0
0.8

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

36.0
32.0
11.0
13.0

19.0
22.0
7.0
*

28.0
40.0
14.0
*

Housing status
Owner
Renter or other

31.0
*

19.0
*

27.0
17.5

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

37.0
*
*
28.0
*
12.0
30.0
19.0
14.0
32.0
18.0
25.0
46.0
27.0
43.0
* Fifty (ten observations over five implicates) or fewer total observations.

Any
debt

Other

Other
loans
1.3

2.0

15.0

2.0
3.0
6.0
6.2
8.0
7.0

0.5
1.0
1.5
2.0
2.0
8.0

0.5
1.0
0.9
1.0
4.0
5.0

1.7
5.0
12.0
28.2
40.0
74.0

3.3
2.0
4.0
2.0
*
*

5.0
6.7
6.0
5.0
4.0
3.0

1.0
2.0
2.3
1.0
0.9
2.0

0.8
1.0
3.0
3.0
2.0
5.0

11.4
30.3
24.0
9.5
5.0
3.0

3.0
1.4

3.0
3.0

6.0
6.0

2.0
0.7

2.0
0.7

18.8
7.2

1.0
1.0
0.5
0.6

2.0
10.0
*
*

3.0
3.0
2.0
2.0

6.0
8.0
5.0
3.0

1.5
4.0
0.9
0.5

2.0
5.0
1.0
*

20.0
26.0
5.0
3.8

1.0
0.8

3.0
1.0

3.0
3.0

6.0
4.0

2.0
0.7

3.0
0.8

31.3
3.0

1.0
0.7
1.0
1.0
1.5

2.0
1.0
2.0
3.0
10.0

3.3
2.0
4.0
4.0
2.0

3.0
5.6
6.7
6.0
8.0

0.8
1.0
2.0
3.0
11.0

0.6
0.9
1.0
3.8
7.0

3.6
11.4
28.1
32.2
50.3

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1989 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

All families

44.1

Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
29.2
38.9
1.9
15.3
5.5
7.5
5.8

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

13.0
19.8
28.1
41.8
48.6
81.5

*
*
11.4
24.6
26.5
42.5

*
*
23.5
20.6
36.3
59.5

0.5
1.2
1.6
1.9
2.2
3.9

*
*
*
3.1
10.9
59.9

5.2
3.4
7.3
6.3
3.6
6.3

2.9
4.4
6.7
8.4
9.2
10.3

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

53.6
52.3
36.7
34.4
16.1
21.1

*
24.3
33.0
35.7
*
*

38.2
43.1
34.0
50.1
23.3
*

1.9
2.0
2.1
1.8
1.3
0.6

2.0
8.4
16.8
12.3
*
*

5.9
4.9
6.3
3.1
*
*

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

44.7
41.5

29.7
24.8

38.8
39.3

1.8
2.1

20.3
2.4

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

45.2
59.6
19.3
31.2

25.1
54.3
30.6
*

37.3
59.1
22.0
*

2.0
2.5
1.0
1.9

Housing status
Owner
Renter or other

44.1
*

29.2
*

40.6
29.8

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

Any
debt

Other

Other
loans

9.1

36.1

1.5
3.4
6.0
6.2
3.9
27.8

4.0
3.2
3.8
7.7
13.0
19.7

5.3
12.6
22.1
39.2
51.7
103.8

6.5
8.1
8.4
8.2
5.0
4.0

4.5
6.8
7.3
6.8
3.4
9.3

3.7
6.9
13.2
11.5
17.2
17.4

31.8
48.3
41.7
31.7
17.1
12.4

6.3
3.7

7.6
7.1

6.9
3.2

9.6
7.2

39.4
25.8

4.8
54.8
*
*

5.3
7.2
6.4
4.8

7.2
10.8
6.3
3.6

4.0
18.6
4.3
3.8

5.9
23.4
8.3
*

37.0
64.1
15.6
15.1

2.0
1.6

23.4
5.0

5.2
5.8

8.2
5.7

8.0
1.9

10.1
7.1

48.9
7.4

42.5
*
*
1.9
31.1
*
17.7
1.5
40.3
21.7
21.8
1.8
47.5
26.9
28.0
2.4
78.8
48.8
60.6
3.1
* Fifty (ten observations over five implicates) or fewer total observations.

2.1
2.3
6.0
3.7
88.1

6.6
3.5
4.4
8.7
3.6

5.7
7.1
7.6
7.7
12.3

2.6
3.0
5.3
13.1
37.0

3.7
4.7
4.5
4.9
28.7

10.8
22.9
39.6
51.1
95.5

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1992 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Percentage of families holding debt
2.4
10.7

All families

38.5

4.3

5.7

43.7

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

10.3
21.3
34.9
55.9
66.8
73.3

*
*
3.5
5.2
8.7
15.3

*
2.0
4.0
5.6
10.0
22.3

23.4
42.0
51.8
55.6
53.1
38.4

*
*
2.5
2.9
5.0
4.3

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

30.9
55.4
59.4
40.0
17.2
8.6

1.1
5.5
8.3
7.3
3.4
*

3.0
7.1
9.4
9.8
3.1
0.7

51.8
50.9
49.0
37.1
32.1
20.1

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

42.2
27.3

5.2
1.4

6.4
3.3

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

47.9
58.1
16.2
20.1

4.9
7.7
2.6
*

Housing status
Owner
Renter or other

60.2
*

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

7.9
42.4
52.4
49.9
53.4

Any
debt

Other

Other
loans
29.8

19.1

8.4

73.2

10.4
8.0
14.1
11.4
12.2
6.4

10.0
24.0
33.9
42.7
43.7
33.0

17.3
21.0
24.9
19.4
15.2
10.3

4.7
6.0
9.0
9.6
9.2
16.0

48.9
66.2
78.8
85.0
87.2
87.5

2.8
3.3
2.7
1.6
1.0
*

24.3
12.7
5.4
2.9
*
*

36.6
37.7
34.6
29.2
14.8
4.6

26.8
24.6
20.7
13.3
8.5
3.7

6.4
11.5
10.4
9.6
6.0
4.4

81.5
86.3
85.4
70.2
51.4
31.6

44.2
42.1

2.6
1.6

10.8
10.3

31.4
24.9

17.9
22.5

8.2
9.1

74.3
70.1

6.2
13.0
2.6
2.6

53.9
47.5
25.3
29.2

3.1
3.8
*
*

14.1
10.1
2.3
14.8

39.9
31.2
12.1
16.6

22.6
21.0
10.1
21.8

9.4
12.4
5.2
6.4

85.6
85.1
45.1
64.3

6.7
*

7.0
3.4

46.6
38.6

2.1
2.9

7.3
16.6

31.8
26.3

17.1
22.5

9.1
7.1

78.5
64.0

*
2.1
4.6
9.2
11.6

*
2.7
4.9
10.0
20.7

38.7
52.6
49.4
39.5
25.9

2.4
2.0
2.1
3.0
3.2

20.2
10.6
6.9
5.6
4.0

26.2
38.5
31.8
25.8
18.0

26.0
24.5
17.1
10.0
6.6

7.7
8.3
7.2
7.9
14.1

64.9
79.2
77.3
71.3
72.0

1992 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Median value of holdings for families holding debt (thousands of dollars)
1.0
2.0
3.3
5.3

All families

41.0

12.0

25.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

15.0
21.0
30.0
44.0
55.0
80.0

*
*
10.0
9.0
14.0
20.0

*
4.0
16.0
18.0
30.2
47.0

0.5
0.8
0.9
1.4
1.5
2.3

*
*
1.6
1.5
1.8
4.0

3.0
2.7
3.4
3.9
2.9
6.3

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

51.0
52.0
38.0
28.0
17.0
28.0

9.0
10.0
14.0
10.0
16.2
*

17.0
27.0
34.0
20.0
17.0
239.5

0.9
1.2
1.6
1.0
0.8
0.5

1.2
1.8
5.0
4.0
4.0
*

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

43.0
32.0

12.0
12.0

25.0
18.0

1.1
0.8

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

45.0
60.0
17.0
23.0

12.0
14.0
10.0
*

22.0
41.0
18.0
27.0

Housing status
Owner
Renter or other

41.0
*

12.0
*

27.0
18.0

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

30.0
*
*
34.5
9.0
13.0
43.0
10.0
18.5
44.0
14.0
22.0
66.0
20.0
55.0
* Fifty (ten observations over five implicates) or fewer total observations.

Any
debt

Other

Other
loans
1.1

2.5

17.3

2.1
3.6
4.1
6.5
7.3
8.1

1.0
1.0
1.0
1.3
1.4
5.0

1.0
0.8
2.0
2.9
3.0
6.0

2.2
5.5
11.3
30.7
54.7
93.8

3.3
2.7
3.6
7.3
*
*

4.9
6.4
5.2
5.3
4.1
3.4

0.9
1.0
1.3
1.5
1.9
3.1

1.4
3.0
3.0
3.0
1.5
2.7

10.4
36.0
27.3
19.1
4.9
2.4

2.0
2.2

3.5
2.9

5.3
5.1

1.3
0.9

3.0
2.0

22.0
7.1

1.0
1.8
0.7
0.8

1.6
4.0
*
*

3.3
3.5
3.6
3.0

5.7
6.0
3.7
4.6

1.0
2.0
1.5
0.9

2.5
5.0
2.0
2.5

21.0
43.3
5.5
4.6

1.1
0.9

2.8
1.2

3.7
3.2

5.9
4.6

1.7
0.7

3.0
1.5

36.2
3.5

0.9
1.1
1.0
1.1
1.6

1.2
1.0
1.8
6.0
18.0

3.6
2.8
2.5
2.5
5.7

4.0
4.5
6.8
5.9
6.8

1.0
1.0
1.0
3.1
6.5

1.1
1.3
2.5
5.0
6.0

4.4
14.7
30.0
33.3
76.0

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1992 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

HELOC

56.8

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Any
debt

Other

Other
loans

Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
20.5
57.1
2.3
11.1
7.1
6.8
4.3

9.2

43.2

27.3
30.8
36.9
49.8
61.9
105.3

*
*
18.5
11.0
17.9
30.2

*
10.1
43.4
38.2
45.2
86.9

1.3
1.6
1.9
2.7
2.8
4.3

*
*
3.6
3.5
3.6
39.0

4.4
6.6
9.9
5.5
6.7
10.8

3.5
5.1
5.2
7.1
8.3
11.7

2.7
3.9
3.7
4.1
2.6
17.0

8.1
2.2
9.5
5.2
6.1
21.2

10.0
15.7
27.0
43.7
62.5
130.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

62.7
68.1
53.2
41.7
30.9
34.4

26.0
15.1
20.5
23.0
27.5
*

46.8
46.6
62.4
57.0
75.0
213.6

1.9
2.7
3.0
2.2
1.5
1.9

2.4
2.0
16.5
36.9
51.3
*

6.7
8.1
4.9
10.7
*
*

5.9
7.5
7.0
7.6
6.1
3.4

3.9
4.1
4.0
4.4
6.4
9.8

3.1
8.1
9.5
11.0
24.3
5.1

33.3
57.0
53.4
42.2
24.6
17.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

57.4
54.2

20.9
16.9

57.8
52.6

2.4
1.9

12.3
4.9

7.8
4.6

6.8
6.6

5.0
2.6

10.8
4.6

47.4
29.6

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

56.6
78.7
27.5
51.1

18.0
28.6
18.4
*

44.1
94.6
53.7
22.6

2.3
3.4
1.6
1.7

4.4
38.4
*
*

7.3
7.4
4.8
6.2

6.7
8.9
5.3
6.1

3.4
8.4
5.2
3.8

6.5
24.6
4.3
8.2

43.4
84.2
18.4
23.4

Housing status
Owner
Renter or other

56.8
*

20.5
*

57.7
54.6

2.4
2.1

18.3
2.0

9.0
5.5

7.3
5.7

5.4
2.8

11.7
3.4

58.7
9.4

35.4
*
*
2.1
42.8
12.5
28.5
2.1
52.4
14.7
28.3
2.4
61.6
17.5
37.1
2.3
96.6
34.3
98.0
3.5
* Fifty (ten observations over five implicates) or fewer total observations.

1.9
1.7
2.3
12.5
55.4

8.8
4.8
5.4
5.0
11.4

5.3
5.7
7.9
7.1
12.3

4.1
2.9
3.4
5.2
22.6

4.8
2.8
5.6
6.3
31.5

13.4
30.3
44.8
56.7
121.1

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1995 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Percentage of families holding debt
1.9
11.9

All families

40.4

2.9

4.8

47.3

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

10.3
25.7
37.3
58.2
68.3
72.5

*
*
*
4.9
6.7
8.1

1.3
1.6
3.2
5.2
7.7
17.3

26.6
42.9
52.6
60.0
61.2
47.3

*
*
2.2
2.3
3.4
4.2

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

32.9
54.0
61.1
44.1
23.9
4.9

1.4
3.4
5.1
3.7
1.6
*

2.1
5.0
8.4
8.4
3.5
1.0

54.6
55.9
56.4
43.2
30.5
17.5

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

43.3
30.2

3.3
1.4

5.1
3.5

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

50.8
51.0
17.5
17.4

3.4
4.4
1.7
*

Housing status
Owner
Renter or other

62.4
*

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

9.4
47.5
54.8
47.8
52.8

Any
debt

Other

Other
loans
31.7

16.0

8.5

74.5

9.7
11.5
11.1
15.1
14.8
9.0

11.1
23.7
33.9
47.1
49.0
36.1

11.0
17.2
19.0
19.0
17.6
10.0

6.7
7.8
8.0
8.9
8.6
13.2

49.3
68.4
79.4
87.4
90.1
86.2

2.7
2.1
2.2
1.7
1.3
*

24.4
13.0
11.3
4.1
*
*

40.1
41.6
37.9
28.1
11.8
4.6

22.8
22.8
17.6
8.7
4.9
*

7.4
10.5
13.0
7.8
5.4
2.9

83.5
87.0
86.3
73.7
53.4
28.4

47.1
47.9

2.1
*

11.6
12.7

32.9
27.6

15.8
16.7

8.5
8.5

75.4
71.6

5.4
8.3
2.4
*

58.0
45.3
25.9
36.8

2.3
3.6
*
*

15.6
12.3
2.0
16.0

42.2
27.4
12.2
19.3

20.5
15.8
6.1
14.6

9.9
8.8
4.6
9.7

87.4
81.2
44.9
62.9

4.4
*

5.8
2.8

51.1
40.3

1.5
2.6

9.3
16.6

34.1
27.3

15.1
17.7

8.0
9.4

79.6
65.3

*
*
3.2
5.2
8.9

*
2.5
3.4
8.2
18.7

41.4
55.5
57.2
39.7
27.9

2.4
2.2
1.2
*
3.2

19.7
12.8
9.4
6.3
4.6

25.4
39.7
35.3
30.2
20.8

22.2
20.2
14.4
6.7
8.4

9.6
9.4
7.0
8.2
7.3

66.5
81.5
79.4
70.5
70.8

1995 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Median value of holdings for families holding debt (thousands of dollars)
1.5
3.5
3.9
6.8

All families

51.0

12.0

30.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

18.0
28.0
38.0
57.0
67.0
90.0

*
*
*
10.0
17.0
19.0

8.0
20.0
19.0
33.0
30.0
40.0

0.7
1.3
1.5
1.6
2.1
2.8

*
*
3.0
2.3
5.0
5.0

4.0
3.9
3.5
3.0
5.0
4.9

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

62.0
60.0
49.0
37.0
19.0
7.4

6.5
10.0
17.0
7.4
14.0
*

25.0
30.0
30.0
35.0
33.0
8.0

1.3
1.9
2.0
1.3
0.8
0.4

1.4
2.0
6.0
3.4
3.8
*

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

54.0
39.8

12.0
10.0

33.0
25.0

1.5
1.2

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

55.0
59.0
24.9
45.0

10.0
18.0
13.0
*

27.2
45.0
33.0
*

Housing status
Owner
Renter or other

51.0
*

12.0
*

30.0
43.0

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

47.0
*
*
44.4
*
19.0
52.0
12.0
25.0
51.0
12.0
25.0
75.0
15.0
60.0
* Fifty (ten observations over five implicates) or fewer total observations.

Any
debt

Other

Other
loans
1.4

2.0

21.7

3.4
4.1
7.0
7.4
8.8
8.3

0.7
1.0
1.6
1.5
2.2
5.0

2.0
1.0
1.8
1.9
3.7
5.0

3.1
8.7
15.0
42.0
63.3
98.6

4.0
3.2
5.2
4.0
*
*

7.2
6.5
7.5
6.4
6.0
5.0

1.0
1.7
1.9
0.9
1.1
*

1.5
2.0
3.0
4.0
2.0
4.0

15.1
37.3
39.0
21.0
7.0
1.9

3.8
*

3.9
4.0

6.8
6.8

1.7
0.8

2.5
1.5

26.5
10.6

1.6
2.5
0.8
0.8

2.5
7.0
*
*

3.8
3.8
2.6
5.6

7.1
7.2
6.0
3.8

1.5
1.6
0.8
1.7

2.0
5.0
3.0
1.5

28.6
40.0
6.0
7.7

1.5
1.2

4.8
1.4

3.5
4.0

7.0
6.2

2.0
0.9

3.0
1.5

45.3
4.8

1.6
1.4
1.5
1.4
1.4

2.6
3.0
2.3
*
8.0

5.0
3.5
2.9
4.8
3.5

6.2
6.4
7.1
6.9
7.4

1.0
1.3
1.8
1.6
3.0

1.5
1.6
2.0
3.0
9.0

6.2
21.0
36.3
34.8
74.2

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1995 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Any
debt

Other

Other
loans

Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
17.9
60.2
3.0
10.9
8.0
8.2
4.9

12.2

48.8

31.0
34.7
44.9
60.2
75.2
111.1

*
*
*
11.0
19.8
26.7

25.8
32.1
39.1
44.7
51.3
91.4

1.8
2.5
2.7
2.8
3.6
5.6

*
*
8.2
4.2
8.5
27.8

6.5
6.8
9.6
6.7
10.8
10.1

4.9
5.6
7.4
8.8
10.3
10.9

3.6
3.0
4.4
4.1
6.5
16.4

6.9
4.4
6.2
5.2
6.3
47.6

12.3
19.8
31.2
52.7
74.8
133.6

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

66.1
72.7
66.8
55.8
36.7
24.9

8.7
17.0
19.9
21.7
14.8
*

43.5
52.6
67.0
66.7
57.2
74.2

2.8
3.2
3.7
2.9
1.8
1.1

6.7
4.3
18.3
13.4
23.7
*

8.1
6.9
10.2
8.0
*
*

8.3
7.9
9.6
7.2
5.8
7.8

3.6
4.0
8.3
3.6
11.0
*

6.9
7.9
9.1
33.8
25.3
5.6

37.4
57.8
66.5
51.3
27.3
11.5

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

65.4
58.9

18.3
15.1

64.6
38.0

3.2
2.2

12.5
*

7.8
8.6

8.3
8.0

5.0
4.5

14.6
4.1

52.6
34.7

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

64.9
85.0
36.4
61.6

17.5
19.4
16.6
*

55.4
89.7
49.6
*

3.0
5.0
1.9
2.2

8.2
21.1
*
*

8.1
8.4
4.1
8.8

8.4
9.3
6.6
5.5

4.5
8.3
4.5
4.5

6.5
59.4
9.2
2.4

51.4
79.8
22.3
25.1

Housing status
Owner
Renter or other

64.3
*

17.9
*

58.6
66.1

3.1
2.7

15.5
6.0

7.9
8.1

8.6
7.4

6.5
2.5

15.5
7.2

65.4
11.7

54.2
*
*
3.2
52.1
*
28.9
2.4
62.0
15.1
32.6
3.1
64.4
15.8
42.7
3.4
102.4
24.9
96.4
3.7
* Fifty (ten observations over five implicates) or fewer total observations.

3.6
4.7
9.1
*
36.6

10.1
5.7
5.7
10.3
7.9

7.6
7.6
8.5
8.7
10.9

4.4
3.3
4.0
5.9
20.5

6.9
3.8
6.3
8.1
78.6

18.7
39.0
52.9
58.0
122.4

All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

64.3

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1998 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Percentage of families holding debt
2.3
11.3

All families

42.0

4.5

5.0

44.1

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

10.6
22.6
42.6
62.2
72.3
71.1

*
2.7
3.0
5.9
9.3
11.0

*
1.8
4.1
6.7
7.7
15.4

24.4
41.5
49.3
57.7
53.0
42.2

*
1.7
2.7
3.1
4.2
2.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

32.9
58.1
57.6
47.0
24.7
9.1

*
5.3
7.9
6.5
2.0
3.1

1.8
6.6
6.6
7.8
5.2
1.8

50.7
51.3
52.5
45.6
29.2
11.2

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

45.5
30.3

5.0
2.6

5.3
4.0

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

49.8
61.2
17.4
26.8

5.3
6.7
2.2
*

Housing status
Owner
Renter or other

63.3
*

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

11.3
46.4
54.1
56.0
56.0

Any
debt

Other

Other
loans
31.4

12.5

8.8

74.0

10.1
9.0
11.4
13.1
15.3
10.2

12.4
24.6
37.8
41.9
44.8
36.0

10.3
11.4
15.9
12.4
13.6
11.4

5.5
6.6
7.7
10.8
12.5
13.7

47.7
66.4
79.9
87.5
89.4
88.1

2.4
3.6
3.6
1.6
*
*

23.2
12.9
10.2
5.6
*
*

36.9
39.2
40.1
29.1
16.6
4.1

19.8
16.0
12.8
7.6
6.2
*

9.6
11.4
11.1
8.3
4.1
2.0

81.2
87.6
87.0
76.2
51.4
24.6

44.3
43.5

2.5
1.8

11.2
11.4

32.0
29.4

12.6
12.1

8.8
8.5

74.8
71.5

5.1
10.6
3.1
*

53.5
47.5
21.0
38.5

2.7
3.7
*
*

14.9
9.4
1.8
18.2

40.3
34.1
11.0
19.8

15.2
14.6
5.2
11.4

10.8
10.7
3.3
7.5

86.8
84.6
39.9
65.7

6.7
*

6.2
2.7

46.2
40.0

1.8
3.4

9.2
15.4

34.6
25.2

11.7
14.0

9.2
7.8

79.4
63.5

*
3.6
6.4
7.0
8.4

*
3.1
4.8
8.8
14.8

39.6
54.7
48.8
36.7
28.4

2.8
2.5
1.7
2.0
2.6

20.3
11.6
8.3
5.4
4.0

27.0
37.4
35.9
27.6
22.1

16.6
13.9
12.4
6.9
7.3

9.4
9.2
7.6
7.6
10.8

65.6
81.3
76.8
70.2
75.7

1998 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages
All families

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Median value of holdings for families holding debt (thousands of dollars)
1.7
2.5
7.0
8.4

62.0

13.0

41.0

25.0
38.0
42.0
66.0
78.0
118.0

*
13.0
12.0
12.0
10.0
22.0

*
34.0
19.0
30.0
42.6
70.0

0.9
1.3
1.9
2.1
2.0
3.0

*
1.1
1.5
2.8
3.0
6.4

6.0
6.2
5.7
7.8
5.2
10.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

71.0
70.0
66.0
50.0
27.0
25.0

*
10.0
13.0
16.0
15.0
12.0

37.5
40.0
44.0
41.0
56.0
30.0

1.5
2.0
1.8
2.0
1.1
0.7

1.0
1.4
3.0
4.9
*
*

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

62.0
64.0

13.0
13.0

42.6
40.0

2.0
1.1

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

66.0
74.0
37.0
57.0

12.0
17.0
16.0
*

37.0
55.0
34.0
*

Housing status
Owner
Renter or other

62.0
*

13.0
*

42.0
27.5

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

56.5
*
*
55.0
12.0
29.0
60.0
11.0
23.0
69.0
20.0
60.0
100.0
18.0
72.0
* Fifty (ten observations over five implicates) or fewer total observations.

Any
debt

Other

Other
loans
1.7

3.0

32.4

4.1
6.0
7.9
9.5
11.0
13.0

1.1
1.2
1.3
2.0
2.4
9.5

1.0
2.0
2.0
3.0
5.0
10.0

4.3
10.2
25.6
57.6
85.0
125.9

10.0
5.0
6.0
7.2
*
*

8.2
7.8
9.8
8.5
6.8
8.9

1.2
2.2
2.3
1.0
1.9
*

1.7
3.0
5.0
5.0
4.5
1.7

19.2
55.6
48.0
34.4
12.0
8.0

2.8
0.7

7.3
5.1

8.7
6.6

1.7
1.5

3.3
1.8

39.7
15.5

1.9
2.0
1.0
1.2

2.8
3.8
*
*

7.0
5.4
3.5
8.0

8.3
10.0
7.7
6.0

1.6
8.0
1.0
1.2

3.0
6.5
1.9
1.1

35.0
65.0
10.2
12.6

2.0
1.3

2.2
2.8

6.2
8.0

8.9
7.1

2.5
0.9

4.0
1.3

60.3
6.0

1.6
1.7
1.8
1.5
1.9

1.0
3.0
3.0
1.3
10.0

10.0
4.0
6.8
3.8
8.0

7.0
8.1
9.0
10.0
12.0

1.1
1.6
1.6
6.7
28.0

1.5
2.0
5.0
6.0
20.0

8.3
28.8
46.1
65.0
97.0

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
1998 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Any
debt

Other

Other
loans

Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
18.7
71.1
4.1
6.8
13.0
10.7
11.1

20.0

63.4

33.9
44.9
50.9
71.0
85.1
148.4

*
15.1
15.9
16.3
13.9
29.3

*
46.8
35.3
62.3
64.1
108.7

2.1
3.0
4.3
4.5
4.4
6.7

*
2.8
4.2
4.1
5.0
30.5

9.8
12.2
14.4
13.2
11.0
20.3

5.8
7.2
9.1
11.6
12.0
18.6

4.6
4.7
5.5
19.4
14.8
29.1

2.9
4.6
5.8
14.6
11.5
80.9

14.5
24.7
40.4
71.7
90.4
173.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

75.4
85.6
82.6
72.3
52.0
38.3

*
17.0
17.5
24.8
19.9
22.8

55.6
68.6
72.9
74.9
86.1
48.8

3.2
4.7
4.2
5.0
3.9
2.5

3.4
4.5
7.0
10.4
*
*

15.0
9.8
12.5
15.4
*
*

9.9
10.5
11.4
13.3
8.3
8.7

8.5
11.6
15.0
12.4
10.8
*

3.8
6.1
35.8
33.6
59.6
53.6

45.5
74.9
78.1
68.7
46.1
27.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

79.0
71.6

18.9
17.8

75.6
51.3

4.5
2.8

7.5
3.5

14.4
8.6

11.1
9.3

12.4
6.7

22.9
10.1

69.3
43.1

76.2
103.3
49.9
70.3

15.3
27.0
27.2
*

60.9
94.6
74.2
*

4.1
5.2
3.4
3.3

4.5
15.3
*
*

13.2
12.0
6.3
15.5

10.3
13.8
10.8
9.2

8.4
34.9
3.9
2.5

11.2
42.8
63.5
4.5

60.7
110.5
39.9
39.6

77.8
*

18.7
*

76.2
47.9

4.4
3.5

8.9
4.6

11.7
14.6

11.5
8.7

13.7
6.8

27.0
3.9

83.8
13.4

61.0
*
*
4.1
59.4
14.4
36.7
3.9
68.5
14.2
30.6
3.7
83.0
20.8
65.9
4.4
139.0
29.7
126.2
6.2
* Fifty (ten observations over five implicates) or fewer total observations.

2.2
3.8
4.8
3.2
33.5

17.2
8.6
11.3
6.8
14.0

8.8
9.5
10.9
11.9
19.1

4.3
6.1
10.2
15.8
70.9

12.8
3.3
5.9
19.5
96.4

25.9
45.7
62.4
87.8
161.2

All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

77.8

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
2001 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Percentage of families holding debt
1.5
11.5

All families

43.4

4.8

4.6

44.4

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

12.8
25.5
43.1
60.9
74.7
74.6

*
2.5
3.1
6.3
11.8
10.2

*
1.7
3.3
5.7
9.9
14.2

30.4
44.2
53.2
52.2
50.6
33.2

1.3
1.5
1.5
1.5
2.6
1.3

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

35.6
58.7
58.7
45.3
30.1
8.4

2.9
4.8
7.2
7.2
4.4
*

2.7
4.9
6.4
7.7
3.4
2.0

49.6
54.1
50.4
41.6
30.0
18.4

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

46.1
35.1

5.7
1.9

5.3
2.4

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

51.5
56.9
18.0
28.1

5.3
8.0
2.6
*

Housing status
Owner
Renter or other

64.1
*

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

11.2
48.7
58.0
57.6
52.7

Any
debt

Other

Other
loans
34.9

11.1

7.2

75.1

7.7
10.2
13.9
14.3
12.5
10.8

12.3
30.2
42.6
48.5
49.5
32.5

10.1
13.9
11.2
11.1
9.7
9.0

5.7
6.0
7.5
7.6
9.6
8.8

49.2
70.4
81.8
85.6
91.9
85.3

1.7
1.7
1.5
3.1
*
*

26.0
11.9
10.7
5.2
*
*

45.0
46.0
37.8
31.9
15.0
7.9

18.1
14.1
8.8
8.9
6.7
*

8.8
8.0
7.4
7.4
5.0
3.6

82.7
88.6
84.6
75.6
56.8
29.2

43.3
47.6

1.7
1.2

11.0
13.2

35.9
32.1

10.8
12.2

7.4
6.5

75.8
73.0

5.3
7.3
1.9
*

53.2
42.9
24.0
32.3

1.4
3.5
*
*

15.4
9.3
*
20.2

45.1
28.7
13.0
25.1

12.7
11.9
5.6
16.3

8.2
8.1
4.4
6.1

86.5
81.7
44.2
61.9

7.1
*

5.9
2.0

44.4
44.3

1.0
2.8

9.5
15.9

37.4
29.8

10.4
12.6

6.9
7.8

80.0
65.0

*
2.8
6.1
9.8
9.1

*
2.0
5.5
7.8
14.1

45.5
55.1
44.7
39.0
22.1

2.4
1.3
*
*
2.1

19.4
11.5
10.1
7.3
2.0

31.1
41.2
41.1
30.9
19.6

16.7
12.7
8.5
6.3
7.2

8.3
7.2
7.1
4.8
8.2

68.7
80.8
78.0
75.2
69.7

2001 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages
All families

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Median value of holdings for families holding debt (thousands of dollars)
1.9
3.9
8.0
9.2

72.0

15.0

40.0

30.0
40.0
59.0
75.0
90.0
135.0

*
11.0
12.0
10.0
16.0
26.0

*
30.0
38.8
40.0
32.0
78.0

1.0
1.2
2.0
2.2
4.0
2.8

0.5
1.1
0.7
4.0
7.8
10.0

5.5
8.0
7.7
8.8
12.5
9.6

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

77.0
80.0
75.0
59.0
43.0
45.0

13.0
16.0
17.0
10.0
15.0
*

52.0
49.0
33.5
32.0
77.0
42.0

2.0
2.0
2.3
1.9
1.0
0.7

0.5
0.7
5.3
20.0
*
*

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

75.0
60.0

15.0
6.8

40.0
40.0

2.0
1.5

74.0
100.0
35.0
72.0

15.0
21.0
7.0
*

37.5
87.0
43.5
*

72.0
*

15.0
*

40.0
38.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

56.0
*
*
57.0
12.0
20.0
69.0
10.0
47.0
90.0
19.0
30.0
140.0
19.0
78.0
* Fifty (ten observations over five implicates) or fewer total observations.

Any
debt

Other

Other
loans
2.0

3.0

38.7

5.2
6.6
9.0
10.9
12.0
12.0

1.4
1.9
2.0
2.0
3.4
5.0

1.0
3.0
2.0
3.0
4.0
21.0

5.3
11.0
29.6
63.6
96.6
146.5

8.2
9.0
6.0
8.0
*
*

8.7
10.9
9.3
8.2
8.9
6.2

1.5
2.2
2.7
3.2
2.8
*

2.0
3.1
5.0
5.0
2.5
2.5

25.0
61.8
54.1
34.4
13.1
5.0

4.0
0.7

8.2
5.2

9.2
9.1

2.3
1.3

3.7
2.0

45.0
20.0

2.0
2.5
0.9
2.0

3.0
15.0
*
*

7.7
9.2
*
8.0

9.3
10.0
7.6
7.2

1.9
3.5
2.5
2.0

2.1
12.0
3.3
2.5

42.5
77.1
9.8
34.5

2.1
1.2

15.0
1.0

8.0
8.0

10.0
6.9

3.0
1.2

4.0
2.0

69.3
6.0

1.6
1.9
2.0
2.0
2.0

0.5
1.8
*
*
20.0

9.2
5.0
8.0
8.4
14.0

7.1
9.2
9.2
11.0
12.0

1.4
2.2
2.2
3.0
7.6

2.0
1.2
4.0
7.0
30.0

8.8
38.3
59.6
80.0
129.0

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
2001 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Any
debt

Other

Other
loans

Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
26.1
73.2
4.1
17.9
13.8
11.2
10.9

17.7

72.6

39.1
46.0
64.2
81.3
103.6
177.4

*
13.6
15.9
14.0
22.8
59.9

*
31.3
49.0
49.3
57.4
127.7

2.1
2.7
3.7
4.6
7.4
6.5

6.1
6.8
3.0
17.9
11.9
109.1

9.0
12.5
13.1
12.7
15.6
26.1

7.3
7.8
10.2
12.1
14.7
15.6

6.4
6.7
5.4
8.3
10.3
55.1

2.1
8.3
6.2
6.4
11.2
96.5

16.8
27.0
47.7
75.8
110.1
212.8

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

89.8
99.3
98.6
82.7
65.7
56.5

17.9
18.9
35.7
27.3
23.7
*

70.1
71.3
62.5
78.7
120.9
48.9

4.0
4.3
4.2
4.1
5.1
1.9

4.6
4.8
16.3
32.1
*
*

12.2
20.7
10.0
15.2
*
*

10.7
12.0
12.3
10.2
9.8
7.1

5.1
12.8
16.0
20.1
8.1
*

4.8
10.8
27.4
37.6
15.1
30.5

55.3
85.4
89.9
75.1
52.5
27.9

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

96.1
73.9

27.1
17.2

72.9
75.3

4.4
3.4

20.4
7.0

14.6
12.0

11.4
10.8

12.5
6.7

21.4
4.6

79.9
49.3

87.5
134.7
52.8
93.9

22.4
48.4
11.8
*

59.0
124.7
88.5
*

4.2
5.6
2.2
5.7

8.2
41.9
*
*

13.2
20.4
*
12.3

11.1
15.3
8.8
8.6

8.0
29.2
8.5
10.8

11.8
53.0
15.0
12.7

70.2
131.6
33.0
58.6

91.6
*

26.1
*

73.3
72.5

4.5
3.4

30.5
8.6

14.7
12.7

12.1
9.0

14.8
4.2

22.2
9.2

95.3
14.1

59.0
*
*
3.9
64.3
16.5
22.8
3.4
80.2
12.9
56.0
4.5
104.8
24.9
53.7
4.5
182.0
59.7
129.6
7.1
* Fifty (ten observations over five implicates) or fewer total observations.

4.1
4.2
*
*
83.9

14.5
9.4
11.7
19.7
57.0

8.8
11.2
11.3
12.8
17.2

5.9
5.4
7.2
10.9
75.8

6.2
4.1
5.5
19.1
101.7

22.9
50.5
76.0
101.3
202.8

All families

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

91.6

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
2004 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Percentage of families holding debt
1.6
13.4

All families

45.9

8.6

4.0

46.2

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

14.4
29.2
50.0
62.7
74.1
72.8

*
2.5
7.0
13.4
17.1
20.0

*
1.3
2.7
4.4
7.6
15.1

29.1
42.5
55.0
56.2
57.5
38.6

*
1.5
1.7
1.8
2.6
2.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

37.7
62.2
62.5
46.3
29.1
15.7

3.5
10.5
13.1
11.7
6.4
4.0

1.9
4.0
6.3
6.1
3.2
1.5

47.5
58.8
54.0
42.1
31.9
23.5

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

49.7
36.3

10.5
3.6

4.5
2.8

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

54.8
57.1
21.2
28.6

9.3
13.2
5.6
*

Housing status
Owner
Renter or other

66.5
*

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

11.7
52.2
64.4
57.4
52.8

Any
debt

Other

Other
loans
35.6

8.6

7.6

76.4

10.9
10.1
15.6
17.2
14.4
12.0

12.8
26.9
43.3
49.1
52.6
39.3

7.3
11.5
10.0
8.4
7.3
3.8

4.5
5.8
8.0
8.2
12.2
10.9

52.6
69.7
84.0
86.7
91.7
86.4

2.2
1.5
2.9
0.7
0.4
*

28.3
14.5
12.6
8.7
*
*

41.3
45.5
39.0
34.7
24.2
10.5

13.3
10.3
8.4
6.4
4.6
2.6

6.2
11.3
9.4
8.4
4.0
2.5

79.8
88.6
88.4
76.3
58.8
40.3

46.0
46.7

1.7
1.1

13.7
12.7

37.4
30.9

8.3
9.2

7.8
7.3

78.0
72.5

4.1
10.1
1.2
*

54.9
44.3
25.9
41.0

1.9
3.0
*
*

17.7
9.4
1.9
27.6

43.7
36.3
17.6
20.2

10.0
7.1
5.5
9.3

9.8
5.8
3.9
*

86.1
81.5
50.7
70.4

12.4
*

5.1
1.6

48.8
40.4

1.3
2.1

10.9
18.9

39.2
27.5

7.2
11.6

7.7
7.3

82.3
63.4

*
4.5
11.9
16.3
17.5

*
1.4
4.5
5.5
17.0

40.2
58.1
52.7
40.5
23.4

1.3
1.7
1.9
1.3
1.4

23.1
14.1
10.6
6.7
4.5

28.1
42.6
41.3
34.7
24.0

13.5
9.9
7.4
4.1
2.5

6.3
9.2
7.0
7.1
9.1

64.9
83.8
83.1
74.7
72.6

2004 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages
All families

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Median value of holdings for families holding debt (thousands of dollars)
2.2
3.0
9.2
11.0

95.0

22.0

87.0

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

37.0
53.0
78.0
97.0
130.0
184.0

*
19.0
14.0
19.0
21.0
40.0

*
42.0
70.0
62.0
78.0
159.0

1.0
1.8
2.2
3.0
2.7
4.0

*
0.3
1.0
7.0
14.0
40.0

6.5
10.0
10.0
8.5
10.4
10.0

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

101.0
110.0
95.0
85.0
57.0
40.0

30.0
24.0
20.0
22.0
15.0
15.0

66.0
78.0
87.0
113.0
100.0
39.0

1.5
2.5
2.9
2.2
2.2
1.0

1.0
1.9
7.0
14.0
4.0
*

98.0
83.0

22.0
20.0

88.0
80.0

2.5
1.6

99.0
117.0
44.0
85.0

22.0
30.0
18.0
*

83.0
105.0
79.0
*

95.0
*

22.0
*

90.0
83.0

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

Housing status
Owner
Renter or other

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

75.0
*
*
75.0
24.0
26.0
96.0
17.0
50.3
118.0
23.0
100.0
187.0
38.0
145.0
* Fifty (ten observations over five implicates) or fewer total observations.

Any
debt

Other

Other
loans
2.5

4.0

55.3

6.1
7.7
9.2
13.0
14.0
17.0

1.4
1.8
2.5
2.6
4.5
4.7

2.0
3.0
2.3
3.5
5.0
10.0

7.0
16.5
44.2
91.8
136.0
209.0

9.2
10.0
6.9
9.0
*
*

9.8
11.0
11.8
13.0
9.1
6.7

1.5
4.5
2.9
3.6
2.5
18.0

3.0
4.0
4.0
5.5
5.0
2.0

34.0
87.2
83.0
47.0
25.0
15.4

4.0
0.4

10.0
7.5

11.0
9.5

2.9
1.9

4.0
3.0

69.5
30.6

2.3
2.7
1.4
2.5

4.0
2.2
*
*

9.0
15.0
5.0
7.5

11.0
14.0
7.7
7.3

2.0
5.0
3.0
1.7

3.5
7.0
3.0
*

71.7
93.8
15.4
21.1

2.5
1.5

8.0
0.5

10.0
8.9

12.0
8.1

2.6
2.0

4.0
3.0

95.8
7.8

1.8
2.0
2.5
3.0
3.1

0.3
1.0
8.0
22.0
50.0

10.0
7.5
10.0
8.0
7.5

8.8
8.6
13.0
12.0
17.0

2.5
1.6
2.6
9.0
20.0

3.0
2.0
4.0
5.0
20.0

11.1
44.3
90.0
111.3
192.3

Alternate 11. Family holdings of debt, by selected characteristics of families and type of debt, 1989-2004 surveys
2004 Survey of Consumer Finances
Secured by primary residence

Other residential
debt

Family characteristic
Mortgages

HELOC

Lines of credit
not secured by
residential
property

Credit card
balances

Installment loans
Education
loans

Vehicle
loans

Any
debt

Other

Other
loans

All families

121.8

Warning! Because estimates in this table have not been reviewed for robustness, they may be sensitive to outliers.
Mean value of holdings for families holding debt (thousands of dollars)
39.8
171.6
5.1
36.3
16.8
13.5
18.4

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

52.6
67.7
85.8
112.8
149.8
229.0

*
27.6
29.4
26.0
32.2
77.3

*
86.1
84.3
90.6
91.4
301.0

2.7
3.8
5.2
5.5
6.5
8.5

*
6.6
3.1
15.7
34.2
151.4

15.4
18.0
15.2
16.0
16.5
24.2

7.7
8.6
10.9
14.8
16.6
22.1

9.0
15.0
7.0
20.6
31.9
100.1

8.1
8.5
6.8
5.8
17.8
62.8

25.0
42.5
69.6
108.1
156.6
297.5

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

123.9
131.7
130.9
116.9
77.7
66.1

36.2
33.4
41.8
51.9
32.1
26.8

109.3
128.7
212.2
203.3
152.3
84.5

3.7
5.2
6.2
5.7
5.4
4.3

19.3
16.9
24.6
117.9
243.0
*

16.4
19.0
16.0
14.5
*
*

12.1
14.0
13.9
15.7
11.4
12.2

9.3
12.3
13.0
21.1
22.8
177.0

6.1
9.6
13.5
34.5
39.9
35.5

79.7
119.0
129.5
113.7
64.2
52.8

Race or ethnicity of respondent
White non-Hispanic
Nonwhite or Hispanic

124.1
113.5

41.3
28.0

162.4
209.9

5.6
4.0

41.0
17.3

17.5
14.9

13.9
12.1

19.5
15.8

20.3
6.9

112.0
79.6

Current work status of head
Working for someone else
Self-employed
Retired
Other not working

122.4
158.2
69.3
120.0

33.8
64.9
36.8
*

134.7
252.1
155.8
*

5.0
7.1
4.1
5.4

20.7
71.9
*
*

16.3
20.8
7.1
21.4

13.3
18.2
10.3
11.8

11.5
27.0
47.1
11.2

8.6
71.1
25.6
*

104.0
177.1
50.4
71.0

Housing status
Owner
Renter or other

121.8
*

39.8
*

180.9
102.9

5.5
4.0

48.9
18.4

17.5
15.9

14.7
9.5

25.4
8.8

20.9
7.0

133.3
17.0

78.3
*
*
4.2
83.8
24.7
54.4
4.5
114.2
23.3
67.6
5.8
139.4
34.9
113.9
5.8
233.8
88.2
293.6
7.5
* Fifty (ten observations over five implicates) or fewer total observations.

9.3
7.3
12.0
42.6
262.8

17.9
13.0
19.2
20.2
10.9

10.6
11.0
15.2
14.9
22.7

14.5
3.5
14.1
15.1
263.5

6.5
5.1
9.5
9.1
87.2

31.7
66.4
111.4
137.4
295.4

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100
Note: See note to table 1.

16.7

103.5

12. Amount of debt of all families, distributed by purpose of debt, 1989-2004 surveys
Percent
Purpose of debt
1989
1992
1995
1998
Purchase of primary residence and
vacation homes
71.3
77.2
78.0
75.4
Home improvement
2.4
2.5
2.0
2.1
Investments and other real estate
5.1
2.6
1.6
3.6
Vehicles
10.5
7.0
7.5
7.6
Goods and services
5.2
5.0
5.4
6.0
Education
3.1
3.3
3.1
3.7
Unclassifiable loans against
pension accounts
0.1
0.1
0.2

Other
2.2
2.2
2.2
1.5
Total
100
100
100
100
Note: See notes to table 7. † Less than 0.05 percent.

2001

2004

77.2
1.9
3.1
7.7
5.5
3.5

79.3
1.9
2.6
6.6
5.5
3.5


1.1
100


0.5
100

13. Amount of debt of all families, distributed by type of lending institution, 1989-2004 surveys
Percent
Type of institution
1989
1992
1995
1998

2001

2004

Commercial bank

28.8

33.1

35.0

32.8

34.2

35.2

Thrift institution 1

26.7

16.9

10.8

9.7

6.2

7.3

Credit union

3.9

4.0

4.5

4.2

5.5

3.6

Finance or loan company

3.7

3.2

3.2

4.1

4.3

4.1

Brokerage

2.5

3.2

1.9

3.8

3.1

2.4

21.3

27.3

32.7

35.5

37.9

39.4

Individual lender

5.6

4.3

5.1

3.4

2.0

1.8

Other nonfinancial

1.6

1.6

0.8

1.4

1.4

2.0

Government

2.0

1.9

1.2

0.6

1.1

0.7

Credit card issuer

2.9

3.3

3.9

3.9

3.7

3.0

Pension

0.1

0.1

0.2

0.4

0.3

0.3

Other

0.9

1.1

0.7

0.3

0.4

0.2

100

100

100

100

100

100

Mortgage or real estate lender

Total
Note: See note to table 1.
1. Savings and loan association or savings bank.

14. Ratio of debt payments to family income (aggregate and median), share of debtors with ratio greater than 40 percent, and share of debtors with any payment sixty days or more past due, 1989-2004 surveys
Percent
Family characteristic
All families

Aggregate

Median for debtors

Debtors with ratio greater than 40 percent

Debtors with any payment past due sixty days or more

1989
1992
1995
1998
2001
2004
1989
1992
1995
1998
2001
2004
1989
1992
1995
1998
2001
2004
12.6
14.4
14.1
15.0
12.7
14.4
15.3
15.9
16.3
17.9
16.7
17.9
10.0
11.4
11.7
13.8
11.8
12.3

1989
7.3

1992
6.0

1995
7.1

1998
8.1

2001
7.0

2004
8.9

Percentiles of income
Less than 20
20-39.9
40-59.9
60-79.9
80-89.9
90-100

15.3
12.6
16.3
16.8
16.1
8.1

16.4
15.7
16.3
16.7
15.6
11.4

18.9
17.3
15.4
18.0
16.7
9.6

19.0
16.7
18.6
19.2
16.7
10.5

16.2
15.5
17.4
16.7
17.0
7.8

18.1
16.7
19.4
18.5
17.3
9.4

15.3
16.0
15.2
17.8
15.1
11.9

13.5
15.7
15.8
17.6
16.7
14.0

13.2
17.9
15.7
19.0
17.0
12.3

17.2
17.8
19.6
19.4
17.8
13.6

19.6
16.5
17.8
18.1
17.2
11.2

19.5
17.4
19.5
20.5
17.9
12.7

25.9
14.7
11.1
5.4
2.3
2.3

27.0
15.4
11.5
7.8
3.6
2.4

27.1
19.1
8.9
7.8
4.9
2.9

29.5
19.5
15.9
9.6
3.4
3.0

29.7
16.1
12.8
6.1
3.7
2.0

27.3
18.5
13.9
7.0
2.6
1.9

17.9
12.3
4.9
6.0
1.1
2.4

11.0
9.3
6.9
4.4
1.8
1.0

9.9
10.7
8.7
6.4
2.8
1.0

13.1
12.7
9.5
5.8
3.8
1.8

13.3
11.6
8.1
3.9
2.6
1.3

16.5
13.6
10.1
7.2
2.3
0.3

Age of head (years)
Less than 35
35-44
45-54
55-64
65-74
75 or more

18.0
16.5
12.2
9.1
5.3
2.2

16.9
18.2
14.9
11.6
7.9
4.0

17.8
17.2
15.2
11.9
7.2
2.6

17.2
17.7
16.5
13.4
9.0
4.1

17.3
15.1
12.3
10.7
9.1
3.7

17.8
18.2
15.3
11.6
8.7
7.4

16.1
17.1
15.7
11.9
10.7
9.5

16.3
18.9
16.1
14.9
10.3
3.3

16.9
18.3
16.7
14.5
12.4
2.9

16.9
20.0
18.0
17.6
13.1
8.1

17.8
17.8
17.3
14.1
15.7
7.9

17.9
20.5
18.3
15.7
15.4
12.8

12.3
7.5
11.2
8.4
8.7
14.1

10.8
12.3
10.6
14.4
7.5
12.0

12.1
9.9
12.4
15.1
11.9
7.8

13.1
12.8
12.9
14.1
18.1
21.7

12.1
10.0
11.5
12.3
14.7
14.6

12.7
12.5
13.1
10.3
11.0
13.4

11.2
6.4
4.5
7.4
3.3
1.2

8.3
6.8
5.4
4.7
1.0
1.8

8.7
7.7
7.4
3.3
5.3
5.4

11.1
8.4
7.4
7.5
3.1
1.1

11.9
5.9
6.2
7.0
1.5
0.8

13.7
11.7
7.6
4.2
3.4
3.9

Percentiles of net worth
Less than 25
25-49.9
50-74.9
75-89.9
90-100

11.9
16.4
17.7
14.5
6.9

11.7
17.7
18.1
14.5
10.6

13.5
18.6
18.0
14.0
9.0

15.0
20.1
18.3
14.9
10.3

13.4
18.1
16.7
15.4
7.1

13.0
19.5
20.5
15.2
8.7

10.4
16.9
18.7
15.2
11.4

10.5
19.1
18.5
16.0
13.6

11.7
18.9
19.3
15.4
12.7

13.4
19.9
20.0
17.8
14.1

11.5
20.2
18.3
16.9
11.2

13.0
21.2
21.4
17.8
12.6

8.3
12.1
11.0
9.0
7.2

10.0
13.0
12.4
10.4
9.0

10.1
12.9
13.0
9.6
12.0

13.2
16.2
13.1
12.3
12.2

11.6
14.3
11.2
10.5
8.5

10.4
16.1
12.5
10.1
8.3

17.6
7.6
3.8
2.2
1.7

14.4
5.5
3.1
2.3
1.8

14.6
8.2
4.4
2.4
0.7

16.1
9.8
5.5
1.0
2.4

17.7
7.1
3.6
0.7
0.3

23.0
11.1
3.1
1.1
0.1

Housing status
Owner
Renter or other

14.1
6.6

16.3
7.4

15.6
7.9

16.3
8.2

13.6
7.4

15.7
7.2

18.7
8.1

19.5
7.6

20.1
8.2

21.1
8.5

19.9
8.3

21.4
8.0

11.9
5.9

14.5
4.7

14.5
5.7

16.7
6.6

14.7
4.2

15.1
4.2

5.1
12.3

3.6
11.2

5.1
11.5

6.1
12.8

4.3
14.0

5.6
18.6

Distribution of reasons cited by respondents for their families' not having a checking account, by reason, 1989-2004 surveys
Percent
1989
1992
1995
1998
2001
2004
Reason
Do not write enough checks
to make it worthwhile
34.4
30.6
25.3
28.4
28.5
27.9
Minimum balance is too high
7.7
8.7
8.8
8.6
6.5
5.6
Do not like dealing with banks
15.0
15.2
18.6
18.5
22.6
22.6
Service charges are too high
8.6
11.2
8.4
11.0
10.2
11.6
Cannot manage or balance
a checking account
5.0
6.7
8.0
7.2
6.6
6.8
No bank has convenient hours
or location
1.2
0.8
1.2
1.2
0.4
1.1
Do not have enough money
21.2
21.1
20.0
12.9
14.0
14.4
Credit problems
*
0.7
1.4
2.7
3.6
2.4
Do not need/want an account
*
3.2
4.9
6.3
5.1
5.2
Other
6.8
1.9
3.5
3.1
2.3
2.4
Total
100
100
100
100
100
100
* Responses not coded separately in 1989.