Nonfinancial Assets Held by Families in Constant (1998) Dollars, by Type of Asset statistics

[Constant dollar figures are based on consumer price index for all urban consumers published by U.S. Bureau of Labor Statistics. Families include one-person units and, as used in this table, are more comparable to the Bureau of Census household concept. Based on Survey of Consumer Finance; see Appendix III. For definition of median, see Guide to Tabular Presentation. For data on financial assets, see Table 792. Composition of regions: NORTHEAST: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, and Pennsylvania. MIDWEST: Ohio, Indiana, Illinois, Michigan, Wisconsin, Minnesota, Iowa, Missouri, North Dakota, South Dakota, Nebraska, and Kansas. SOUTH: Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida, Kentucky, Tennessee, Alabama, Mississippi, Arkansas, Louisiana, Oklahoma, and Texas. WEST: Montana, Idaho, Wyoming, Colorado, New Mexico, Arizona, Utah, Nevada, Washington, Oregon, California, Alaska, and Hawaii]


	1995						1995

			Primary	Other	Equity in			Any
Family characteristic	Total	Vehicles	residence	residential	nonresidential	Business	Other	nonfinancial
				property	property	equity		asset


PERCENT OF FAMILIES
OWNING ASSET

1995, total..................................	96.3	84.1	64.7	11.8	9.4	11.1	9.0	90.9

Age of family head:
Under 35 years old............................	94.3	83.8	37.9	4.2	3.6	8.3	7.2	87.1
35 to 44 years old............................	96.0	84.7	64.7	9.7	7.1	14.3	10.0	90.6
45 to 54 years old............................	97.3	88.2	75.3	16.3	14.3	15.5	11.4	93.6
55 to 64 years old............................	96.4	88.4	82.0	19.9	13.4	12.7	10.2	93.9
65 to 74 years old............................	97.7	82.5	79.5	16.1	16.2	8.7	9.0	92.6
75 years old and over.........................	98.4	72.2	72.8	12.2	6.4	3.7	5.6	89.9

Family income:
Less than $10,000.............................	83.0	54.9	36.1	3.9	4.0	4.8	3.8	66.8
$10,000 to $24,999............................	96.0	82.3	54.9	7.0	5.5	6.6	5.9	89.4
$25,000 to $49,999............................	99.7	91.7	67.0	9.9	8.0	9.4	9.4	96.4
$50,000 to $99,999............................	100.0	93.4	84.5	16.7	14.5	16.3	11.0	98.8
$100,000 and more.............................	100.0	91.6	91.1	38.4	24.5	31.5	23.0	99.5

Current work status of householder:
Working for someone else...........................	98.6	89.9	63.8	10.3	8.0	6.9	9.6	93.9
Self-employed....................................	97.8	86.1	74.5	21.3	22.2	58.1	15.5	96.0
Retired..........................................	95.6	76.2	70.6	13.1	8.5	3.3	5.8	88.1
Other not working................................	76.9	59.0	34.4	5.0	4.2	4.0	5.9	66.2

Tenure:
Owner occupied................................	100.0	90.9	100.0	15.1	12.1	13.7	10.5	100.0
Renter occupied or other......................	89.6	71.6	(X)	5.7	4.4	6.3	6.3	74.1

MEDIAN VALUE ¹

1995, total...................................	108.1	10.5	95.6	53.1	31.9	47.8	9.3	88.1

Age of family head:
Under 35 years old.............................	34.1	9.4	80.7	36.1	12.7	21.2	5.3	23.2
35 to 44 years old.............................	118.1	11.3	100.9	49.9	18.1	37.2	10.6	102.2
45 to 54 years old.............................	159.8	13.7	106.2	63.7	19.1	74.4	10.6	120.0
55 to 64 years old.............................	170.8	12.2	92.4	58.4	67.8	69.0	10.6	114.7
65 to 74 years old.............................	132.9	8.7	90.3	60.5	42.5	106.8	14.9	100.7
75 years old and over..........................	102.3	5.6	85.0	28.7	6.4	37.4	8.5	83.9

Family income:
Less than $10,000..............................	13.5	4.0	41.4	28.0	15.9	54.1	6.2	14.2
$10,000 to $24,999.............................	55.5	6.2	69.0	31.9	14.9	35.1	6.4	45.7
$25,000 to $49,999.............................	104.4	11.1	85.0	45.1	42.5	26.0	6.2	84.0
$50,000 to $99,999.............................	202.2	16.9	126.4	63.7	21.2	31.9	14.3	146.7
$100,000 and more..............................	608.5	24.4	196.5	106.2	106.2	265.5	19.1	314.7

Current work status of householder:
Working for someone else...........................	105.0	11.5	95.6	49.9	18.1	22.3	10.6	86.4
Self-employed......................................	243.5	13.4	127.5	85.0	55.8	79.7	8.5	189.0
Retired............................................	102.0	7.8	80.7	47.8	37.2	106.2	10.6	83.9
Other not working..................................	105.0	11.5	95.6	49.9	18.1	22.3	10.6	86.4

Tenure:
Owner occupied.................................	168.1	12.7	95.6	55.2	37.2	58.4	10.6	123.0
Renter occupied or other.......................	13.1	6.7	(X)	39.8	12.7	23.4	5.3	7.9


	1998						1998

			Primary	Other	Equity in			Any
Family characteristic	Total	Vehicles	residence	residential	nonresidential	Business	Other	nonfinancial
				property	property	equity		asset


PERCENT OF FAMILIES
OWNING ASSET

1998, total..................	96.8	82.8	66.2	12.8	8.6	11.5	8.5	89.9

Age of family head:
Under 35 years old............................	94.8	78.3	38.9	3.5	2.7	7.2	7.3	83.3
35 to 44 years old............................	97.6	85.8	67.1	12.2	7.5	14.7	8.8	92.0
45 to 54 years old............................	96.7	87.5	74.4	16.2	12.2	16.2	9.2	92.9
55 to 64 years old............................	98.2	88.7	80.3	20.4	10.4	14.3	8.5	93.8
65 to 74 years old............................	98.5	83.4	81.5	18.4	15.3	10.1	10.3	92.0
75 years old and over.........................	96.4	69.8	77.0	13.6	8.1	2.7	7.0	87.2

Family income:
Less than $10,000.............................	83.8	51.3	34.5	(B)	(B)	3.8	2.6	62.7
$10,000 to $24,999............................	96.4	78.0	51.7	5.8	5.0	5.0	5.6	85.9
$25,000 to $49,999............................	99.2	89.6	68.2	11.4	7.6	10.3	9.4	95.6
$50,000 to $99,999............................	100.0	93.6	85.0	19.0	12.0	15.0	10.2	98.0
$100,000 and more.............................	100.0	88.7	93.3	37.3	22.6	34.7	17.1	98.9

Current work status of householder:
Working for someone else...........................	98.2	87.6	63.5	10.6	6.7	5.5	8.8	92.4
Self-employed....................................	99.2	89.5	81.3	25.3	17.7	63.4	13.3	98.1
Retired..........................................	94.7	73.3	72.4	14.3	10.1	3.6	6.4	85.2
Other not working................................	85.7	58.5	35.8	4.5	(B)	3.7	(B)	66.3

Tenure:
Owner occupied................................	100.0	90.6	100.0	16.8	11.3	14.5	9.5	100.0
Renter occupied or other......................	90.7	67.6	(X)	5.1	3.3	5.4	6.4	70.1

MEDIAN VALUE ¹

1995, total...................................	123.5	10.8	100.0	65.0	38.0	60.0	10.0	97.8

Age of family head:
Under 35 years old.............................	28.9	8.9	84.0	42.5	25.0	34.0	5.0	22.7
35 to 44 years old.............................	128.0	11.4	101.0	45.0	20.0	62.5	8.0	103.5
45 to 54 years old.............................	178.9	12.8	120.0	74.0	45.0	100.0	14.0	126.8
55 to 64 years old.............................	198.2	13.5	110.0	70.0	54.0	62.5	28.0	126.9
65 to 74 years old.............................	165.2	10.8	95.0	75.0	45.0	61.1	10.0	109.9
75 years old and over..........................	135.0	7.0	85.0	103.0	54.0	40.0	10.0	96.1

Family income:
Less than $10,000..............................	11.7	4.0	51.0	(B)	(B)	37.5	5.0	16.3
$10,000 to $24,999.............................	46.2	5.7	71.9	70.0	25.0	31.1	5.0	43.7
$25,000 to $49,999.............................	112.0	10.2	85.0	50.0	28.0	37.5	6.0	83.5
$50,000 to $99,999.............................	233.2	16.6	130.0	60.0	30.0	56.0	12.0	156.3
$100,000 and more..............................	665.6	26.8	240.0	132.0	114.1	230.0	36.0	380.0

Current work status of householder:
Working for someone else...........................	112.4	11.2	98.0	50.0	24.0	30.0	7.0	89.6
Self-employed......................................	329.3	15.5	150.0	85.0	80.0	100.0	50.0	256.6
Retired............................................	134.5	8.6	89.0	100.0	50.0	50.0	10.0	97.8
Other not working..................................	18.0	7.2	90.0	64.6	(B)	39.0	(B)	28.5

Tenure:
Owner occupied.................................	193.3	13.2	100.0	65.0	45.0	75.0	13.0	130.6
Renter occupied or other.......................	11.6	6.2	(X)	64.6	15.0	31.0	5.0	7.2

B Base figure too small.
1 Median value of financial asset for families holding such assets.

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

http://www.federalreserve.gov/pubs/oss/oss2/scfindex.html

* 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 1989-95, price changes measured by the CPI and the PCE deflator differed by a relatively small amount.

*

http://www.allcountries.org/uscensus/763_nonfinancial_assets_held_by_families_in.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.