Asset Ownership of Households: 1993
Between 1984 and 1993, a period of nine years, the "median values of holdings" for "own homes" in the US decreased by 17%, from $56,430 to $46,669. In 1996 the Census Bureau changed the format for reporting this asset change so a direct comparison cannot be made to prior years, and since 1996 this data hasn't been reported separately. If this trend continued, however, then in 1997 it was down to $42,120 and in 2000 to $37,240. The increase in the number of female headed households, whose median net worth is less than $15,000 each, is one of the primary factors for this loss of household assets.
To make matters worse, in 2000, Personal Saving became NEGATIVE at the same time that mortgage debt reached a record high of $5 trillion, a five fold increase in just 20 years, and since then, American "investors" lost another $7.2 trillion in the stock market.
The problem is that in 1991, per the US Census Bureau, only 20.7 million American households held stocks and mutual fund shares with a median value of only $5,490, which is only $114 billion. How then did American "investors" manage to lose $7.2 trillion during that time? They mortgaged to the hilt the only asset they had, their homes, in order to make a "quick killing" in the stock market.
But in 1991, 64.7 million homeowners had equity worth a median of only $43,070, which is less than $2.8 trillion, and their total equity was less than $4.8 trillion, which means that this stock market loss was $2.4 trillion more than they had in assets.
| 1991 Asset | Number of Households | Median Asset Value | Total Value ($billions) |
| Interest-earning Assets | 73,200,000 | 3,709 | 271.5 |
| Other Interest-earning Assets | 9,000,000 | 16,058 | 144.5 |
| Checking Accounts | 46,000,000 | 529 | 24.3 |
| Stocks & Mutual Funds Shares | 20,700,000 | $5,490 | $113.6 |
| Own homes | 64,700,000 | 43,070 | 2,786.6 |
| Rental Property | 9,000,000 | 31,270 | 281.4 |
| Other Real Estate | 10,700,000 | 20,140 | 215.5 |
| Vehicles | 86,400,000 | 5,555 | 480.0 |
| Business or Profession | 11,700,000 | 10,203 | 119.4 |
| U.S. Savings Bonds | 18,100,000 | 610 | 11.0 |
| IRA or Keogh Accounts | 22,900,000 | 11,886 | 272.2 |
| Other Financial Investments | 2,800,000 | 19,031 | 53.3 |
| TOTAL | $4,773.3 |
Alan Greenspan served his purpose: he greatly assisted worldwide zionism in its final looting of the American republic.
http://www.census.gov/prod/1/pop/p70-47.pdf
Highlights
x
Median net worth, as measured in the Survey of Income and Program Participation (SIPP), forhouseholds in 1993 was $37,587 (
� $1,250), not significantly different from the 1991 medianhousehold net worth of $38,500 (
� $1,387) (in 1993 dollars).x
Median home equity for households whose householders owned their own homes increasedbetween 1991 and 1993 from $43,070 (
� $1,738) in 1991 (in 1993 dollars) to $46,669 (� $1,153)in 1993.
x
During the period 1991 to 1993, there were declines in the median values of interest-earningassets at financial institutions, other interest-earning assets, rental property, vehicles, and
businesses or professions. These declines were offset by increases in the median values of
stocks and mutual fund shares, home equity, and U.S. savings bonds. The median value of
holdings in checking accounts, other real estate, IRA or Keogh accounts, and other financial
investments did not change between 1991 and 1993.
x
In 1993, median measured net worth varied from $5,786 (� $474) for the youngest householdsto $91,481 (
� $3,736) for households in the 55-to-64-year-old category. It was $77,654(
� $4,510) for the oldest group (75 years and over). Median measured net worth fell significantlyfrom 1991 to 1993 for households in 35-to-44-year-old and 65-to-69-year-old categories.
x
In 1993, households with White householders had median measured net worth of $45,740(
� $1,307), households with Black householders had median measured net worth of $4,418(
� $697), and households with Hispanic-origin householders had a median measured net worthof $4,656 (
� $681), which was not significantly different from that of Black households.x
Married-couple households had the largest median measured net worth, $61,905 (� $1,614) in1993. Both male- and female-maintained households had median measured net worth approximately
one-fifth that of married-couple households in 1993.
x
Households headed by females experienced a decline in their median measured net worth, from$15,518 (
� $1,506) (in 1993 dollars) in 1991 to $13,294 (� $1,112) in 1993. This decline wasconcentrated among female householders age 35 to 54.
http://www.census.gov/hhes/www/wealth/1993/wlth93a.html
Table A. Ownership Rates, Median Value of Asset Holdings, and the Distribution of Net Worth by Asset Type: 1993, 1991, 1988 and 1984
(Excludes group quarters)
_______________________________________________________________________________________________________________________________________________________________________________
1993 1991 1988 1984
(in 1993 dollars) (in 1993 dollars) (in 1993 dollars)
_______________________________________________________________________________________________________________________________________________
Median Median Median Median
Asset type Percent of Values of Percent of Values of Percent of Values of Percent of Values of
households holdings Distribution households holdings Distribution households holdings Distribution households holdings Distribution
that own for asset of that own for asset of that own for asset of that own for asset of
asset type owners net worth asset type owners net worth asset type owners net worth asset type owners net worth
(dollars) (dollars) (dollars) (dollars)
_______________________________________________________________________________________________________________________________________________________________________________
All assets...................... (X) 37,587 100.0 (X) 38,500 100.0 (X) 43,617 100.0 (X) 45,411 100.0
Interest-earning assets
at financial institutions...... 71.1 2,999 11.4 73.2 3,709 14.3 72.9 4,263 14.1 71.8 4,262 14.5
Savings accounts.............. 60.1 (NA) (NA) 62.4 (NA) (NA) 61.6 (NA) (NA) 62.9 (NA) (NA)
Money market deposit accounts. 12.6 (NA) (NA) 14.9 (NA) (NA) 15.2 (NA) (NA) 15.7 (NA) (NA)
Certificates of deposit....... 16.0 (NA) (NA) 22.0 (NA) (NA) 17.7 (NA) (NA) 19.1 (NA) (NA)
Interest-earning checking..... 36.9 (NA) (NA) 37.8 (NA) (NA) 34.3 (NA) (NA) 24.8 (NA) (NA)
Other interest-earning assets... 8.6 12,998 4.0 9.0 16,058 5.0 9.4 13,311 4.2 8.5 13,165 3.2
Money market funds............ 3.9 (NA) (NA) 4.2 (NA) (NA) 3.6 (NA) (NA) 3.8 (NA) (NA)
Government securities......... 2.1 (NA) (NA) 2.2 (NA) (NA) 2.2 (NA) (NA) 1.4 (NA) (NA)
Corporate or municipal bonds.. 3.1 (NA) (NA) 3.4 (NA) (NA) 2.8 (NA) (NA) 2.6 (NA) (NA)
Other interest-earning assets. 2.2 (NA) (NA) 2.2 (NA) (NA) 3.3 (NA) (NA) 2.8 (NA) (NA)
Checking accounts............... 45.9 499 0.5 46.0 529 0.5 48.3 594 0.6 53.9 624 0.6
Stocks and mutual fund shares... 20.9 6,960 8.3 20.7 5,490 7.1 21.8 5,502 6.5 20.0 5,410 6.8
Own home........................ 64.3 46,669 44.4 64.7 43,070 42.6 63.6 52,545 43.0 64.3 56,430 41.3
Rental property................. 8.4 29,300 6.7 9.0 31,270 6.5 9.0 45,676 7.9 9.8 48,033 9.0
Other real estate............... 9.3 19,415 4.6 10.7 20,140 5.4 10.5 22,038 4.3 10.0 20,559 4.4
Vehicles........................ 85.7 5,140 6.4 86.4 5,555 6.4 86.3 5,388 5.8 85.8 5,705 5.9
Business or profession.......... 10.8 7,000 6.4 11.7 10,203 7.3 12.5 12,744 8.8 12.9 8,754 10.3
U.S. savings bonds.............. 18.5 775 0.8 18.1 610 0.6 17.5 666 0.6 15.0 417 0.5
IRA or Keogh accounts........... 23.1 12,985 6.7 22.9 11,886 5.2 24.2 11,000 4.2 19.5 6,679 2.2
Other financial investments\1... 5.2 21,001 3.0 2.8 19,031 3.1 6.6 19,769 3.0 7.0 17,777 5.0
_______________________________________________________________________________________________________________________________________________________________________________
X Not applicable.
NA Not available because separate questions were not asked about the amount held in these individual assets.
1/Includes mortgages held from sale of real estate, amount due from sale of business, unit trusts, and other financial investments.
Source: U.S. Census Bureau
Created: December 13, 2000 Last Revised: January 16, 2001