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32. 1997 Economic Census





792. Financial Assets Held by Families, by Type of Asset

[Median value in thousands of constant 1998 dollars (13.1 represents $13,100). Constant dollar figures are based on consumer price index data published by U.S. Bureau of Labor Statistics. Families include one-person units; for definition of family, see text, Section 1, Population. Based on Survey of Consumer Finance; see Appendix III. For definition of median, see Guide to Tabular Presentation]

 
AGE OF FAMILY HEAD, Certi-
CURRENT WORK STATUS, Any Transaction ficates Savings Bonds 3 Stocks 3 Mutual Retirement Life Other Other
FAMILY INCOME (1998 dollars), financial accounts 2 of bonds funds 4 accounts 5 insurance 6 managed 7 financial
AND HOUSING TENURE asset 1 deposit
 
PERCENT OF FAMILIES
OWNING ASSET
  1992, total 90.2 86.9 16.7 22.3 4.3 17.0 10.4 39.6 34.9 4.0 10.8
Under 35 years old 85.7 81.2 7.4 22.8 1.5 10.8 5.2 31.4 25.5 1.7 12.6
35 to 44 years old 91.0 86.8 9.0 29.3 2.5 19.4 10.0 49.7 36.0 3.0 11.0
45 to 54 years old 92.5 88.9 15.9 25.2 5.6 18.7 9.4 51.3 38.5 5.5 11.3
55 to 64 years old 92.5 90.2 20.5 19.4 5.0 22.0 15.9 52.2 42.3 5.1 10.7
65 to 74 years old 91.2 88.8 31.2 13.8 7.5 16.2 14.3 35.1 39.5 5.8 10.1
75 years old and over 92.1 91.8 37.7 14.3 8.5 19.4 14.4 6.3 34.9 5.9 5.9
 
Working for someone else 93.2 89.8 11.8 27.7 3.3 18.3 10.3 49.7 36.7 3.9 10.5
Self employed 98.1 95.8 18.5 23.1 7.2 25.7 14.7 49.4 41.1 2.6 18.9
Retired 88.2 85.8 30.2 14.5 6.1 14.5 11.5 21.9 34.2 5.5 6.9
Other not working 66.6 59.0 4.8 10.0 1.1 4.6 2.2 16.0 16.6 1.6 14.9
 
Less than $10,000 65.1 58.7 8.0 4.8 (B) 3.6 2.7 4.9 14.4 (B) 9.1
$10,000 to $24,999 86.8 82.4 16.8 11.3 1.8 7.2 4.9 20.3 25.3 2.7 9.3
$25,000 to $49,999 97.1 93.7 16.7 25.5 3.1 16.0 11.2 43.9 39.8 3.5 11.8
$50,000 to $99,999 99.5 98.4 21.3 39.9 5.7 28.2 14.5 67.7 46.5 6.4 10.6
$100,000 and more 99.4 99.4 21.0 34.9 20.8 51.5 30.3 82.9 57.9 11.1 16.7
 
Owner occupied 95.6 94.0 21.6 27.4 5.9 22.4 13.8 48.9 43.2 5.3 9.7
Renter occupied or other 80.6 74.3 8.1 13.2 1.3 7.4 4.4 23.3 20.2 1.7 12.9
 
  1995, total 91.0 87.0 14.3 22.8 3.1 15.2 12.3 45.2 32.0 3.9 11.1
Under 35 years old 86.9 80.4 7.2 20.4 (B) 10.8 8.0 40.7 22.8 1.6 13.8
35 to 44 years old 91.8 87.2 8.1 31.0 1.7 14.6 11.2 54.3 29.3 3.5 10.9
45 to 54 years old 92.8 88.8 12.5 25.3 4.5 17.7 16.3 57.4 38.4 3.0 12.9
55 to 64 years old 90.8 88.4 17.1 20.3 3.1 15.0 16.3 50.9 37.4 7.7 9.3
65 to 74 years old 92.6 91.3 24.0 17.0 5.6 18.6 15.0 36.6 37.5 5.9 10.0
75 years old and over 94.2 93.2 34.7 15.3 7.0 19.7 10.3 15.7 35.8 5.2 5.4
 
Working for someone else 94.1 89.6 10.4 26.6 2.5 15.3 12.4 55.8 32.2 3.6 11.8
Self employed 94.6 91.5 18.7 25.8 5.3 18.7 19.0 50.7 41.9 3.1 16.8
Retired 88.7 86.6 23.4 15.3 4.2 16.5 11.5 24.9 32.0 5.3 7.1
Other not working 65.2 58.1 7.8 12.6 (B) 4.3 4.3 18.4 13.7 (B) 11.5
 
Less than $10,000 67.4 59.2 7.9 5.3 (B) 2.3 1.3 7.9 15.2 (B) 9.5
$10,000 to $24,999 87.8 82.3 15.6 12.4 (B) 8.4 4.9 25.1 24.8 3.1 8.3
$25,000 to $49,999 97.0 93.4 13.8 25.7 2.7 13.9 12.2 52.5 32.3 4.3 13.1
$50,000 to $99,999 99.5 98.7 16.2 38.0 4.6 24.7 20.9 71.6 44.8 5.3 11.6
$100,000 and more 100.0 99.8 20.0 38.2 14.6 43.6 36.7 84.3 52.6 8.1 14.7
 
Owner occupied 96.5 95.0 17.4 28.3 4.3 19.2 16.0 54.3 38.8 5.0 9.5
Renter occupied or other 80.8 72.4 8.7 12.7 0.9 7.9 5.5 28.4 19.4 1.9 14.0
 
  1998, total 92.9 90.5 15.3 19.3 3.0 19.2 16.5 48.8 29.6 5.9 9.4
Under 35 years old 88.6 84.6 6.2 17.2 1.0 13.1 12.2 39.8 18.0 1.9 10.1
35 to 44 years old 93.3 90.5 9.4 24.9 1.5 18.9 16.0 59.5 29.0 3.9 11.8
45 to 54 years old 94.9 93.5 11.8 21.8 2.8 22.6 23.0 59.2 32.9 6.5 9.1
55 to 64 years old 95.6 93.9 18.6 18.1 3.5 25.0 15.2 58.3 35.8 6.5 8.4
65 to 74 years old 95.6 94.1 29.9 16.1 7.2 21.0 18.0 46.1 39.1 11.8 7.3
75 years old and over 92.1 89.7 35.9 12.0 5.9 18.0 15.1 16.7 32.6 11.6 6.4
 
Working for someone else 94.8 92.7 11.1 21.8 1.9 19.5 16.6 58.9 27.5 4.2 9.4
Self employed 96.9 95.4 11.7 20.2 5.4 26.5 24.8 53.5 39.5 8.7 14.1
Retired 90.3 87.2 28.8 14.4 5.1 17.1 14.8 28.8 32.4 9.9 6.8
Other not working 75.2 69.1 7.6 11.8 (B) 8.8 4.8 17.5 17.6 (B) 10.9
 
Less than $10,000 70.6 61.9 7.7 3.5 (B) 3.8 1.9 6.4 15.7 (B) 8.0
$10,000 to $24,999 89.9 86.5 16.8 10.2 1.3 7.2 7.6 25.4 20.9 4.9 8.2
$25,000 to $49,999 97.3 95.8 15.9 20.4 2.4 17.7 14.0 54.2 28.1 3.9 10.2
$50,000 to $99,999 99.8 99.3 16.4 30.6 3.3 27.7 25.8 73.5 39.8 8.0 9.1
$100,000 and more 100.0 100.0 16.8 32.3 12.2 56.6 44.8 88.6 50.1 15.8 12.7
 
Owner occupied 97.5 96.2 18.9 23.3 3.8 24.9 21.0 58.4 36.9 7.7 8.7
Renter occupied or other 84.1 79.2 8.3 11.5 1.3 8.0 7.5 30.1 15.2 2.4 10.8
 
PERCENT DISTRIBUTION OF AMOUNT OF
FINANCIAL ASSETS OF ALL FAMILIES
 
1989 100.0 19.1 10.2 1.5 10.2 15.0 5.3 21.5 6.0 6.6 4.8
1992 100.0 17.5 8.1 1.1 8.4 16.5 7.7 25.5 6.0 5.4 3.8
1995 100.0 14.0 5.7 1.3 6.3 15.7 12.7 27.9 7.2 5.9 3.4
1998 100.0 11.4 4.3 0.7 4.3 22.7 12.5 27.5 6.4 8.6 1.7
 
MEDIAN VALUE 8
  1992, total 13.1 2.6 12.6 0.7 34.3 9.1 18.3 16.0 3.5 22.8 2.9
Under 35 years old 4.2 1.5 5.1 0.5 11.4 2.3 2.9 5.0 2.1 22.8 1.1
35 to 44 years old 11.4 2.3 5.7 0.7 22.8 4.6 20.0 10.5 4.0 9.1 3.4
45 to 54 years old 21.8 3.4 9.1 0.9 45.7 11.9 17.1 30.8 5.1 22.8 5.7
55 to 64 years old 32.5 3.4 17.1 1.1 57.1 14.8 28.5 34.3 7.6 45.7 5.7
65 to 74 years old 29.1 4.3 22.8 0.9 36.5 17.1 32.0 22.8 2.6 33.3 8.0
75 years old and over 24.0 4.6 26.8 1.3 40.0 28.5 24.0 32.0 2.2 22.8 5.7
 
Working for someone else 11.7 2.3 8.0 0.6 28.5 5.7 13.7 13.2 3.7 22.8 2.3
Self employed 22.8 5.7 11.4 0.6 57.1 11.9 28.5 28.5 7.3 108.5 8.0
Retired 19.0 3.4 22.8 1.1 36.5 18.1 28.5 20.6 2.6 22.8 6.9
Other not working 3.4 1.1 7.4 0.6 50.9 11.9 12.1 10.0 5.1 6.9 2.1
 
Less than $10,000 1.1 0.5 6.9 0.3 (B) 4.0 16.0 8.0 1.1 (B) 1.1
$10,000 to $24,999 4.2 1.3 14.8 0.5 14.8 4.6 8.0 5.7 1.7 18.3 2.3
$25,000 to $49,999 12.1 2.4 12.6 0.6 36.5 5.5 17.1 8.6 2.9 22.8 2.3
$50,000 to $99,999 38.8 5.1 11.4 0.9 22.8 5.9 25.1 25.1 5.7 16.0 3.4
$100,000 and more 191.8 21.2 22.8 1.1 92.5 40.0 29.7 57.1 11.4 62.8 28.5
 
Owner occupied 24.7 3.9 13.1 0.8 34.3 11.4 20.6 20.1 4.0 22.8 5.7
Renter occupied or other 3.2 1.1 8.6 0.6 28.5 3.7 11.4 4.9 2.3 22.8 1.7
 
  1995, total 16.5 2.3 10.6 1.1 31.1 9.6 21.2 18.1 5.3 31.9 3.2
Under 35 years old 5.7 1.3 5.6 0.5 (B) 3.2 5.8 6.4 3.7 4.8 1.1
35 to 44 years old 14.6 2.1 5.6 1.1 11.7 4.8 10.6 15.6 5.6 11.5 2.1
45 to 54 years old 29.7 3.2 12.7 1.1 26.6 10.6 22.3 29.7 8.3 60.3 5.3
55 to 64 years old 34.8 3.3 14.9 1.6 10.6 20.6 59.5 33.6 5.6 53.1 10.6
65 to 74 years old 22.5 3.5 21.2 1.6 53.1 21.2 58.4 30.3 5.3 37.2 9.6
75 years old and over 24.3 5.3 13.8 5.1 42.5 19.1 53.1 25.0 5.3 69.0 37.2
 
Working for someone else 15.6 2.1 8.5 1.0 18.9 6.1 13.8 17.0 5.8 15.4 2.1
Self employed 26.5 4.8 17.0 0.9 53.1 19.1 26.6 26.0 6.4 45.7 4.2
Retired 20.6 3.2 16.5 2.7 41.4 20.2 53.1 27.6 4.5 53.1 10.6
Other not working 2.7 0.6 9.0 0.4 (B) 5.5 24.4 12.7 3.7 (B) 5.3
 
Less than $10,000 1.4 0.7 7.4 0.3 (B) 1.6 26.6 5.3 2.1 (B) 2.1
$10,000 to $24,999 5.9 1.3 10.6 0.8 (B) 6.4 9.2 11.1 3.2 15.9 1.9
$25,000 to $49,999 13.3 2.0 10.6 0.7 30.8 6.4 13.8 10.6 5.0 22.3 2.1
$50,000 to $99,999 44.0 4.4 13.8 1.3 15.9 7.4 17.8 24.6 7.4 42.5 5.0
$100,000 and more 218.5 15.9 19.1 1.6 61.6 23.4 63.4 88.2 13.8 65.9 13.8
 
Owner occupied 26.0 3.2 11.7 1.1 41.4 10.6 23.4 21.5 6.4 37.2 5.3
Renter occupied or other 4.9 1.3 8.5 1.1 7.4 3.9 10.6 7.6 3.7 14.9 1.7
 
  1998, total 22.4 3.1 15.0 1.0 44.8 17.5 25.0 24.0 7.3 31.5 3.0
Under 35 years old 4.5 1.5 2.5 0.5 3.0 5.0 7.0 7.0 2.7 19.4 1.0
35 to 44 years old 22.9 2.8 8.0 0.7 55.3 12.0 14.0 21.0 8.5 25.0 2.5
45 to 54 years old 37.8 4.5 11.5 1.0 31.7 24.0 30.0 34.0 10.0 39.3 6.0
55 to 64 years old 45.6 4.1 17.0 1.5 100.0 21.0 58.0 46.8 9.5 65.0 10.0
65 to 74 years old 45.8 5.6 20.0 2.0 52.0 50.0 60.0 38.0 8.5 41.3 6.0
75 years old and over 36.6 6.1 30.0 5.0 18.8 50.0 59.0 30.0 5.0 30.0 8.2
 
Working for someone else 19.0 2.7 9.0 0.7 15.0 10.0 16.0 20.0 7.0 30.0 1.8
Self employed 45.0 6.3 22.0 0.9 150.0 52.0 40.0 49.5 11.5 39.3 7.0
Retired 32.8 5.0 24.0 2.5 50.0 50.0 55.0 31.0 6.0 32.0 7.0
Other not working 2.5 1.0 10.0 0.8 (B) 11.0 17.5 15.0 5.0 (B) 0.5
 
Less than $10,000 1.1 0.5 7.0 1.8 (B) 14.0 6.0 7.5 3.0 (B) 0.5
$10,000 to $24,999 4.8 1.3 20.0 1.0 8.4 10.0 26.0 8.0 5.0 30.0 1.1
$25,000 to $49,999 17.6 2.5 14.5 0.6 25.0 8.0 11.0 13.0 5.0 15.0 2.0
$50,000 to $99,999 57.2 6.0 13.3 1.0 19.0 15.0 25.0 31.0 9.5 32.0 5.0
$100,000 and more 244.3 19.0 22.0 1.5 108.0 55.0 65.0 93.0 18.0 100.0 25.0
 
Owner occupied 41.2 5.0 18.0 1.0 41.5 20.0 30.0 30.0 8.0 32.0 5.0
Renter occupied or other 3.4 1.1 10.0 0.6 50.0 8.0 12.0 7.5 5.0 23.0 1.0


B Base figure too small.
1 Includes other types of financial assets, not shown separately.
2 Checking, savings, and money market deposit accounts, money market mutual funds, and call accounts at brokerages.
3 Covers only those stocks and bonds that are directly held by families outside mutual funds, retirement accounts and other managed assets.
4 Excludes money market mutual funds and funds held through retirement accounts or other managed assets.
5 Covers IRA's, Keogh accounts, and employer-provided pension plans Here, employer-sponsored accounts are those from current jobs held by the family head and that persons spouse or partner as well as those from past jobs held by them. The accounts from current jobs are restricted to those in which loans or withdrawals can be made, such as 401(k) accounts; those from past jobs are restricted to accounts from which the family expects to receive the account balance in the future. These restrictions on the types of accounts are intended to confine the analysis to amounts that are portable across jobs and to which families will ultimately have full access. Earlier articles on the survey in the Federal Reserve Bulletin included only the accounts from current jobs.
6 Cash value.
7 Includes personal annuities and trusts with an equity interest and managed investment accounts.
8 Median value of financial asset for families holding such assets.

Source: Board of Governors of the Federal Reserve System, Federal Reserve Bulletin, January 2000, and unpublished revisions.

http://www.federalreserve.gov/rnd.htm

* The Survey of Consumer Finances

The Survey of Consumer Finances (SCF) is a triennial survey sponsored by the Federal Reserve with the cooperation of the Department of the Treasury. It is designed to provide detailed information on U.S. families balance sheets and their use of financial services, as well as on their pension rights, labor force participation, and demographic characteristics at the time of the interview. The survey also collects information on total family income, before taxes, for the calendar year preceding the survey. The term family as it is used here is more comparable to the U.S. Bureau of the Census definition of household than to Censuss use of family, which excludes single people.

The underlying statistical methodology of the surveys has been largely unchanged since 1989, and the questionnaires have been modified only slightly, mostly to reflect changes in the availability of financial services or in the financial behavior of families. Thus, the data since that time are comparable.

The need to measure financial characteristics imposes special requirements on the survey design. The survey must provide reliable information both on items that are broadly distributed in the populationfor example, vehicle ownershipand on items that are highly concentrated in a relatively small part of the population for example, investment real estate. To address this problem, the SCF employs a dual-frame sample design that includes a standard geographically based random sample and a special oversample of relatively wealthy families. Weights are used to combine information from the two samples for estimates of statistics for the full population.

The SCFs for 1992 and 1995 were conducted by the National Opinion Research Center at the University of Chicago (NORC) between July and December of each survey year. For the 1992 survey, 3,906 families were interviewed, and for the 1995 survey, 4,299 were interviewed.

All dollar figures are adjusted to 1995 dollars using the consumer price index (CPI) for all urban consumers. Concerns about how accurately the CPI repre-sents inflation for families have been discussed in the literature. If, as generally supposed, the index overstates the true degree of inflation, upward adjustments to past dollar amounts will appear too large, and trends in positive dollar amounts will be biased downward. An index sometimes proposed as an alternative to the CPI is the implicit price deflator for personal consumption expenditure (PCE), which is reported as a part of the national income and product accounts. Over 198995, price changes measured by the CPI and the PCE deflator differed by a relatively small amount.

*



https://allcountries.org/uscensus/792_financial_assets_held_by_families_by.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.