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32. 1997 Economic Census





841. Characteristics of Mutual Fund Owners: 1998

[In percent, except as indicated. Mutual fund ownership includes holdings of money market, stock, bond, and hybrid mutual funds; and funds owned through variable annuities, Individual Retirement Accounts (IRAs), Keoghs, and employer-sponsored retirement plans. Based on a national probability sample of 1,470 primary financial decisionmakers in households with mutual fund investments. For definition of median, see Guide to Tabular Presentation]

 
Age Household income
Characteristic Total
18 to 33 34 to 52 53 years Less than $50,000 to Over
years old years old old and over 50,000 $100,000 $100,000
 
Median age (years) 44 29 43 61 41 43 46
Median household income (dol.) 55,000 44,000 62,000 47,000 35,000 69,000 125,000
Median household financial assets 1 (dol.) 80,000 26,000 90,000 200,000 37,000 100,000 325,000
 
Own an IRA 57 45 56 73 49 59 71
Household has a defined contribution retirement plan(s), net 2 77 85 83 59 70 86 89
  401(k) plan 60 73 66 39 52 68 77
  403(k) plan 12 12 12 13 10 14 19
  State, local, or federal government plan 24 21 26 23 24 27 20
 
Median mutual fund assets (dol.) 25,000 10,000 25,000 62,500 10,000 30,000 70,000
Median number of mutual funds owned 4 3 4 4 2 4 6
 
Own: 2
  Equity funds 88 87 88 90 79 91 96
  Bond funds 42 34 42 52 34 40 53
  Hybrid funds 35 29 36 40 30 33 43
  Money market mutual funds 48 43 47 53 45 40 53
 
Own mutual funds bought: 2
  Outside employer-sponsored retirement plan(s) 54 45 55 59 43 53 65
  Inside employer-sponsored retirement plan(s) 62 66 70 46 53 73 78



1 Includes assets in employer-sponsored retirement plans but excludes value of primary residence.
2 Multiple responses included.

Source: Investment Company Institute, Washington, DC, 1998 Profile of Mutual Fund Shareholders, 1999 (copyright).

http://www.ici.org/



https://allcountries.org/uscensus/841_characteristics_of_mutual_fund_owners_1998.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.