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 Read more...

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

			1989	1992	1995	1998
Financial Assets Held by Families by Type of Asset¹
$10,000 To $24,999	Any Financial Asset²	Percent Of Families Owning Asset		86.8	87.8	89.9
	Bonds³	Percent Of Families Owning Asset		1.8	(B)¹⁰	1.3
	Certificates Of Deposit	Percent Of Families Owning Asset		16.8	15.6	16.8
	Life Insurance⁴	Percent Of Families Owning Asset		25.3	24.8	20.9
	Mutual Funds⁵	Percent Of Families Owning Asset		4.9	4.9	7.6
	Other Financial	Percent Of Families Owning Asset		9.3	8.3	8.2
	Other Managed⁶	Percent Of Families Owning Asset		2.7	3.1	4.9
	Retirement Accounts⁷	Percent Of Families Owning Asset		20.3	25.1	25.4
	Savings Bonds	Percent Of Families Owning Asset		11.3	12.4	10.2
	Stocks³	Percent Of Families Owning Asset		7.2	8.4	7.2
	Transaction Accounts⁸	Percent Of Families Owning Asset		82.4	82.3	86.5
$100,000 And More	Any Financial Asset²	Percent Of Families Owning Asset		99.4	100.0	100.0
	Bonds³	Percent Of Families Owning Asset		20.8	14.6	12.2
	Certificates Of Deposit	Percent Of Families Owning Asset		21.0	20.0	16.8
	Life Insurance⁴	Percent Of Families Owning Asset		57.9	52.6	50.1
	Mutual Funds⁵	Percent Of Families Owning Asset		30.3	36.7	44.8
	Other Financial	Percent Of Families Owning Asset		16.7	14.7	12.7
	Other Managed⁶	Percent Of Families Owning Asset		11.1	8.1	15.8
	Retirement Accounts⁷	Percent Of Families Owning Asset		82.9	84.3	88.6
	Savings Bonds	Percent Of Families Owning Asset		34.9	38.2	32.3
	Stocks³	Percent Of Families Owning Asset		51.5	43.6	56.6
	Transaction Accounts⁸	Percent Of Families Owning Asset		99.4	99.8	100.0
$25,000 To $49,999	Any Financial Asset²	Percent Of Families Owning Asset		97.1	97.0	97.3
	Bonds³	Percent Of Families Owning Asset		3.1	2.7	2.4
	Certificates Of Deposit	Percent Of Families Owning Asset		16.7	13.8	15.9
	Life Insurance⁴	Percent Of Families Owning Asset		39.8	32.3	28.1
	Mutual Funds⁵	Percent Of Families Owning Asset		11.2	12.2	14.0
	Other Financial	Percent Of Families Owning Asset		11.8	13.1	10.2
	Other Managed⁶	Percent Of Families Owning Asset		3.5	4.3	3.9
	Retirement Accounts⁷	Percent Of Families Owning Asset		43.9	52.5	54.2
	Savings Bonds	Percent Of Families Owning Asset		25.5	25.7	20.4
	Stocks³	Percent Of Families Owning Asset		16.0	13.9	17.7
	Transaction Accounts⁸	Percent Of Families Owning Asset		93.7	93.4	95.8
$50,000 To $99,999	Any Financial Asset²	Percent Of Families Owning Asset		99.5	99.5	99.8
	Bonds³	Percent Of Families Owning Asset		5.7	4.6	3.3
	Certificates Of Deposit	Percent Of Families Owning Asset		21.3	16.2	16.4
	Life Insurance⁴	Percent Of Families Owning Asset		46.5	44.8	39.8
	Mutual Funds⁵	Percent Of Families Owning Asset		14.5	20.9	25.8
	Other Financial	Percent Of Families Owning Asset		10.6	11.6	9.1
	Other Managed⁶	Percent Of Families Owning Asset		6.4	5.3	8.0
	Retirement Accounts⁷	Percent Of Families Owning Asset		67.7	71.6	73.5
	Savings Bonds	Percent Of Families Owning Asset		39.9	38.0	30.6
	Stocks³	Percent Of Families Owning Asset		28.2	24.7	27.7
	Transaction Accounts⁸	Percent Of Families Owning Asset		98.4	98.7	99.3
35 To 44 Years Old	Any Financial Asset²	Percent Of Families Owning Asset		91.0	91.8	93.3
	Bonds³	Percent Of Families Owning Asset		2.5	1.7	1.5
	Certificates Of Deposit	Percent Of Families Owning Asset		9.0	8.1	9.4
	Life Insurance⁴	Percent Of Families Owning Asset		36.0	29.3	29.0
	Mutual Funds⁵	Percent Of Families Owning Asset		10.0	11.2	16.0
	Other Financial	Percent Of Families Owning Asset		11.0	10.9	11.8
	Other Managed⁶	Percent Of Families Owning Asset		3.0	3.5	3.9
	Retirement Accounts⁷	Percent Of Families Owning Asset		49.7	54.3	59.5
	Savings Bonds	Percent Of Families Owning Asset		29.3	31.0	24.9
	Stocks³	Percent Of Families Owning Asset		19.4	14.6	18.9
	Transaction Accounts⁸	Percent Of Families Owning Asset		86.8	87.2	90.5
45 To 54 Years Old	Any Financial Asset²	Percent Of Families Owning Asset		92.5	92.8	94.9
	Bonds³	Percent Of Families Owning Asset		5.6	4.5	2.8
	Certificates Of Deposit	Percent Of Families Owning Asset		15.9	12.5	11.8
	Life Insurance⁴	Percent Of Families Owning Asset		38.5	38.4	32.9
	Mutual Funds⁵	Percent Of Families Owning Asset		9.4	16.3	23.0
	Other Financial	Percent Of Families Owning Asset		11.3	12.9	9.1
	Other Managed⁶	Percent Of Families Owning Asset		5.5	3.0	6.5
	Retirement Accounts⁷	Percent Of Families Owning Asset		51.3	57.4	59.2
	Savings Bonds	Percent Of Families Owning Asset		25.2	25.3	21.8
	Stocks³	Percent Of Families Owning Asset		18.7	17.7	22.6
	Transaction Accounts⁸	Percent Of Families Owning Asset		88.9	88.8	93.5
55 To 64 Years Old	Any Financial Asset²	Percent Of Families Owning Asset		92.5	90.8	95.6
	Bonds³	Percent Of Families Owning Asset		5.0	3.1	3.5
	Certificates Of Deposit	Percent Of Families Owning Asset		20.5	17.1	18.6
	Life Insurance⁴	Percent Of Families Owning Asset		42.3	37.4	35.8
	Mutual Funds⁵	Percent Of Families Owning Asset		15.9	16.3	15.2
	Other Financial	Percent Of Families Owning Asset		10.7	9.3	8.4
	Other Managed⁶	Percent Of Families Owning Asset		5.1	7.7	6.5
	Retirement Accounts⁷	Percent Of Families Owning Asset		52.2	50.9	58.3
	Savings Bonds	Percent Of Families Owning Asset		19.4	20.3	18.1
	Stocks³	Percent Of Families Owning Asset		22.0	15.0	25.0
	Transaction Accounts⁸	Percent Of Families Owning Asset		90.2	88.4	93.9
65 To 74 Years Old	Any Financial Asset²	Percent Of Families Owning Asset		91.2	92.6	95.6
	Bonds³	Percent Of Families Owning Asset		7.5	5.6	7.2
	Certificates Of Deposit	Percent Of Families Owning Asset		31.2	24.0	29.9
	Life Insurance⁴	Percent Of Families Owning Asset		39.5	37.5	39.1
	Mutual Funds⁵	Percent Of Families Owning Asset		14.3	15.0	18.0
	Other Financial	Percent Of Families Owning Asset		10.1	10.0	7.3
	Other Managed⁶	Percent Of Families Owning Asset		5.8	5.9	11.8
	Retirement Accounts⁷	Percent Of Families Owning Asset		35.1	36.6	46.1
	Savings Bonds	Percent Of Families Owning Asset		13.8	17.0	16.1
	Stocks³	Percent Of Families Owning Asset		16.2	18.6	21.0
	Transaction Accounts⁸	Percent Of Families Owning Asset		88.8	91.3	94.1
75 Years Old And Over	Any Financial Asset²	Percent Of Families Owning Asset		92.1	94.2	92.1
	Bonds³	Percent Of Families Owning Asset		8.5	7.0	5.9
	Certificates Of Deposit	Percent Of Families Owning Asset		37.7	34.7	35.9
	Life Insurance⁴	Percent Of Families Owning Asset		34.9	35.8	32.6
	Mutual Funds⁵	Percent Of Families Owning Asset		14.4	10.3	15.1
	Other Financial	Percent Of Families Owning Asset		5.9	5.4	6.4
	Other Managed⁶	Percent Of Families Owning Asset		5.9	5.2	11.6
	Retirement Accounts⁷	Percent Of Families Owning Asset		6.3	15.7	16.7
	Savings Bonds	Percent Of Families Owning Asset		14.3	15.3	12.0
	Stocks³	Percent Of Families Owning Asset		19.4	19.7	18.0
	Transaction Accounts⁸	Percent Of Families Owning Asset		91.8	93.2	89.7
Any Financial Asset²	Percent Distribution Of Amount Of Financial Assets Of All Families		100.0	100.0	100.0	100.0
Any Financial Asset²	Percent Of Families Owning Asset			90.2	91.0	92.9
Bonds³	Percent Distribution Of Amount Of Financial Assets Of All Families		10.2	8.4	6.3	4.3
Bonds³	Percent Of Families Owning Asset			4.3	3.1	3.0
Certificates Of Deposit	Percent Distribution Of Amount Of Financial Assets Of All Families		10.2	8.1	5.7	4.3
Certificates Of Deposit	Percent Of Families Owning Asset			16.7	14.3	15.3
Less Than $10,000	Any Financial Asset²	Percent Of Families Owning Asset		65.1	67.4	70.6
	Bonds³	Percent Of Families Owning Asset		(B)¹⁰	(B)¹⁰	(B)¹⁰
	Certificates Of Deposit	Percent Of Families Owning Asset		8.0	7.9	7.7
	Life Insurance⁴	Percent Of Families Owning Asset		14.4	15.2	15.7
	Mutual Funds⁵	Percent Of Families Owning Asset		2.7	1.3	1.9
	Other Financial	Percent Of Families Owning Asset		9.1	9.5	8.0
	Other Managed⁶	Percent Of Families Owning Asset		(B)¹⁰	(B)¹⁰	(B)¹⁰
	Retirement Accounts⁷	Percent Of Families Owning Asset		4.9	7.9	6.4
	Savings Bonds	Percent Of Families Owning Asset		4.8	5.3	3.5
	Stocks³	Percent Of Families Owning Asset		3.6	2.3	3.8
	Transaction Accounts⁸	Percent Of Families Owning Asset		58.7	59.2	61.9
Life Insurance⁴	Percent Distribution Of Amount Of Financial Assets Of All Families		6.0	6.0	7.2	6.4
Life Insurance⁴	Percent Of Families Owning Asset			34.9	32.0	29.6
Median Value⁹	$10,000 To $24,999	Any Financial Asset²		4.2	5.9	4.8
		Bonds³		14.8	(B)¹⁰	8.4
		Certificates Of Deposit		14.8	10.6	20.0
		Life Insurance⁴		1.7	3.2	5.0
		Mutual Funds⁵		8.0	9.2	26.0
		Other Financial		2.3	1.9	1.1
		Other Managed⁶		18.3	15.9	30.0
		Retirement Accounts⁷		5.7	11.1	8.0
		Savings Bonds		0.5	0.8	1.0
		Stocks³		4.6	6.4	10.0
		Transaction Accounts⁸		1.3	1.3	1.3
	$100,000 And More	Any Financial Asset²		191.8	218.5	244.3
		Bonds³		92.5	61.6	108.0
		Certificates Of Deposit		22.8	19.1	22.0
		Life Insurance⁴		11.4	13.8	18.0
		Mutual Funds⁵		29.7	63.4	65.0
		Other Financial		28.5	13.8	25.0
		Other Managed⁶		62.8	65.9	100.0
		Retirement Accounts⁷		57.1	88.2	93.0
		Savings Bonds		1.1	1.6	1.5
		Stocks³		40.0	23.4	55.0
		Transaction Accounts⁸		21.2	15.9	19.0
	$25,000 To $49,999	Any Financial Asset²		12.1	13.3	17.6
		Bonds³		36.5	30.8	25.0
		Certificates Of Deposit		12.6	10.6	14.5
		Life Insurance⁴		2.9	5.0	5.0
		Mutual Funds⁵		17.1	13.8	11.0
		Other Financial		2.3	2.1	2.0
		Other Managed⁶		22.8	22.3	15.0
		Retirement Accounts⁷		8.6	10.6	13.0
		Savings Bonds		0.6	0.7	0.6
		Stocks³		5.5	6.4	8.0
		Transaction Accounts⁸		2.4	2.0	2.5
	$50,000 To $99,999	Any Financial Asset²		38.8	44.0	57.2
		Bonds³		22.8	15.9	19.0
		Certificates Of Deposit		11.4	13.8	13.3
		Life Insurance⁴		5.7	7.4	9.5
		Mutual Funds⁵		25.1	17.8	25.0
		Other Financial		3.4	5.0	5.0
		Other Managed⁶		16.0	42.5	32.0
		Retirement Accounts⁷		25.1	24.6	31.0
		Savings Bonds		0.9	1.3	1.0
		Stocks³		5.9	7.4	15.0
		Transaction Accounts⁸		5.1	4.4	6.0
	35 To 44 Years Old	Any Financial Asset²		11.4	14.6	22.9
		Bonds³		22.8	11.7	55.3
		Certificates Of Deposit		5.7	5.6	8.0
		Life Insurance⁴		4.0	5.6	8.5
		Mutual Funds⁵		20.0	10.6	14.0
		Other Financial		3.4	2.1	2.5
		Other Managed⁶		9.1	11.5	25.0
		Retirement Accounts⁷		10.5	15.6	21.0
		Savings Bonds		0.7	1.1	0.7
		Stocks³		4.6	4.8	12.0
		Transaction Accounts⁸		2.3	2.1	2.8
	45 To 54 Years Old	Any Financial Asset²		21.8	29.7	37.8
		Bonds³		45.7	26.6	31.7
		Certificates Of Deposit		9.1	12.7	11.5
		Life Insurance⁴		5.1	8.3	10.0
		Mutual Funds⁵		17.1	22.3	30.0
		Other Financial		5.7	5.3	6.0
		Other Managed⁶		22.8	60.3	39.3
		Retirement Accounts⁷		30.8	29.7	34.0
		Savings Bonds		0.9	1.1	1.0
Stocks³			11.9	10.6	24.0
Transaction Accounts⁸			3.4	3.2	4.5
55 To 64 Years Old	Any Financial Asset²		32.5	34.8	45.6
	Bonds³		57.1	10.6	100.0
	Certificates Of Deposit		17.1	14.9	17.0
	Life Insurance⁴		7.6	5.6	9.5
	Mutual Funds⁵		28.5	59.5	58.0
	Other Financial		5.7	10.6	10.0
	Other Managed⁶		45.7	53.1	65.0
	Retirement Accounts⁷		34.3	33.6	46.8
	Savings Bonds		1.1	1.6	1.5
	Stocks³		14.8	20.6	21.0
	Transaction Accounts⁸		3.4	3.3	4.1
65 To 74 Years Old	Any Financial Asset²		29.1	22.5	45.8
	Bonds³		36.5	53.1	52.0
	Certificates Of Deposit		22.8	21.2	20.0
	Life Insurance⁴		2.6	5.3	8.5
	Mutual Funds⁵		32.0	58.4	60.0
	Other Financial		8.0	9.6	6.0
	Other Managed⁶		33.3	37.2	41.3
	Retirement Accounts⁷		22.8	30.3	38.0
	Savings Bonds		0.9	1.6	2.0
	Stocks³		17.1	21.2	50.0
	Transaction Accounts⁸		4.3	3.5	5.6
75 Years Old And Over	Any Financial Asset²		24.0	24.3	36.6
	Bonds³		40.0	42.5	18.8
	Certificates Of Deposit		26.8	13.8	30.0
	Life Insurance⁴		2.2	5.3	5.0
	Mutual Funds⁵		24.0	53.1	59.0
	Other Financial		5.7	37.2	8.2
	Other Managed⁶		22.8	69.0	30.0
	Retirement Accounts⁷		32.0	25.0	30.0
	Savings Bonds		1.3	5.1	5.0
	Stocks³		28.5	19.1	50.0
	Transaction Accounts⁸		4.6	5.3	6.1
Any Financial Asset²			13.1	16.5	22.4
Bonds³			34.3	31.1	44.8
Certificates Of Deposit			12.6	10.6	15.0
Less Than $10,000	Any Financial Asset²		1.1	1.4	1.1
	Bonds³		(B)¹⁰	(B)¹⁰	(B)¹⁰
	Certificates Of Deposit		6.9	7.4	7.0
	Life Insurance⁴		1.1	2.1	3.0
	Mutual Funds⁵		16.0	26.6	6.0
	Other Financial		1.1	2.1	0.5
	Other Managed⁶		(B)¹⁰	(B)¹⁰	(B)¹⁰
	Retirement Accounts⁷		8.0	5.3	7.5
	Savings Bonds		0.3	0.3	1.8
	Stocks³		4.0	1.6	14.0
	Transaction Accounts⁸		0.5	0.7	0.5
Life Insurance⁴			3.5	5.3	7.3
Mutual Funds⁵			18.3	21.2	25.0
Other Financial			2.9	3.2	3.0
Other Managed⁶			22.8	31.9	31.5
Other Not Working	Any Financial Asset²		3.4	2.7	2.5
	Bonds³		50.9	(B)¹⁰	(B)¹⁰
	Certificates Of Deposit		7.4	9.0	10.0
	Life Insurance⁴		5.1	3.7	5.0
	Mutual Funds⁵		12.1	24.4	17.5
	Other Financial		2.1	5.3	0.5
	Other Managed⁶		6.9	(B)¹⁰	(B)¹⁰
	Retirement Accounts⁷		10.0	12.7	15.0
	Savings Bonds		0.6	0.4	0.8
	Stocks³		11.9	5.5	11.0
	Transaction Accounts⁸		1.1	0.6	1.0
Owner Occupied	Any Financial Asset²		24.7	26.0	41.2
	Bonds³		34.3	41.4	41.5
	Certificates Of Deposit		13.1	11.7	18.0
	Life Insurance⁴		4.0	6.4	8.0
	Mutual Funds⁵		20.6	23.4	30.0
	Other Financial		5.7	5.3	5.0
	Other Managed⁶		22.8	37.2	32.0
	Retirement Accounts⁷		20.1	21.5	30.0
	Savings Bonds		0.8	1.1	1.0
	Stocks³		11.4	10.6	20.0
	Transaction Accounts⁸		3.9	3.2	5.0
Renter Occupied Or Other	Any Financial Asset²		3.2	4.9	3.4
	Bonds³		28.5	7.4	50.0
	Certificates Of Deposit		8.6	8.5	10.0
	Life Insurance⁴		2.3	3.7	5.0
	Mutual Funds⁵		11.4	10.6	12.0
	Other Financial		1.7	1.7	1.0
	Other Managed⁶		22.8	14.9	23.0
	Retirement Accounts⁷		4.9	7.6	7.5
	Savings Bonds		0.6	1.1	0.6
	Stocks³		3.7	3.9	8.0
	Transaction Accounts⁸		1.1	1.3	1.1
Retired	Any Financial Asset²		19.0	20.6	32.8
	Bonds³		36.5	41.4	50.0
	Certificates Of Deposit		22.8	16.5	24.0
	Life Insurance⁴		2.6	4.5	6.0
	Mutual Funds⁵		28.5	53.1	55.0
	Other Financial		6.9	10.6	7.0
	Other Managed⁶		22.8	53.1	32.0
	Retirement Accounts⁷		20.6	27.6	31.0
	Savings Bonds		1.1	2.7	2.5
	Stocks³		18.1	20.2	50.0
	Transaction Accounts⁸		3.4	3.2	5.0
Retirement Accounts⁷			16.0	18.1	24.0
Savings Bonds			0.7	1.1	1.0
Self Employed	Any Financial Asset²		22.8	26.5	45.0
	Bonds³		57.1	53.1	150.0
	Certificates Of Deposit		11.4	17.0	22.0
	Life Insurance⁴		7.3	6.4	11.5
	Mutual Funds⁵		28.5	26.6	40.0
	Other Financial		8.0	4.2	7.0
	Other Managed⁶		108.5	45.7	39.3
	Retirement Accounts⁷		28.5	26.0	49.5
	Savings Bonds		0.6	0.9	0.9
	Stocks³		11.9	19.1	52.0
	Transaction Accounts⁸		5.7	4.8	6.3
Stocks³			9.1	9.6	17.5
Transaction Accounts⁸			2.6	2.3	3.1
Under 35 Years Old	Any Financial Asset²		4.2	5.7	4.5
	Bonds³		11.4	(B)¹⁰	3.0
	Certificates Of Deposit		5.1	5.6	2.5
	Life Insurance⁴		2.1	3.7	2.7
	Mutual Funds⁵		2.9	5.8	7.0
	Other Financial		1.1	1.1	1.0
	Other Managed⁶		22.8	4.8	19.4
	Retirement Accounts⁷		5.0	6.4	7.0
	Savings Bonds		0.5	0.5	0.5
	Stocks³		2.3	3.2	5.0
	Transaction Accounts⁸		1.5	1.3	1.5
Working For Someone Else	Any Financial Asset²		11.7	15.6	19.0
	Bonds³		28.5	18.9	15.0
	Certificates Of Deposit		8.0	8.5	9.0
	Life Insurance⁴		3.7	5.8	7.0
	Mutual Funds⁵		13.7	13.8	16.0
	Other Financial		2.3	2.1	1.8
	Other Managed⁶		22.8	15.4	30.0
	Retirement Accounts⁷		13.2	17.0	20.0
	Savings Bonds		0.6	1.0	0.7
	Stocks³		5.7	6.1	10.0
	Transaction Accounts⁸		2.3	2.1	2.7
Mutual Funds⁵	Percent Distribution Of Amount Of Financial Assets Of All Families		5.3	7.7	12.7	12.5
Mutual Funds⁵	Percent Of Families Owning Asset			10.4	12.3	16.5
Other Financial	Percent Distribution Of Amount Of Financial Assets Of All Families		4.8	3.8	3.4	1.7
Other Financial	Percent Of Families Owning Asset			10.8	11.1	9.4
Other Managed⁶	Percent Distribution Of Amount Of Financial Assets Of All Families		6.6	5.4	5.9	8.6
Other Managed⁶	Percent Of Families Owning Asset			4.0	3.9	5.9
Other Not Working	Any Financial Asset²	Percent Of Families Owning Asset		66.6	65.2	75.2
	Bonds³	Percent Of Families Owning Asset		1.1	(B)¹⁰	(B)¹⁰
	Certificates Of Deposit	Percent Of Families Owning Asset		4.8	7.8	7.6
	Life Insurance⁴	Percent Of Families Owning Asset		16.6	13.7	17.6
	Mutual Funds⁵	Percent Of Families Owning Asset		2.2	4.3	4.8
	Other Financial	Percent Of Families Owning Asset		14.9	11.5	10.9
	Other Managed⁶	Percent Of Families Owning Asset		1.6	(B)¹⁰	(B)¹⁰
	Retirement Accounts⁷	Percent Of Families Owning Asset		16.0	18.4	17.5
	Savings Bonds	Percent Of Families Owning Asset		10.0	12.6	11.8
	Stocks³	Percent Of Families Owning Asset		4.6	4.3	8.8
	Transaction Accounts⁸	Percent Of Families Owning Asset		59.0	58.1	69.1
Owner Occupied	Any Financial Asset²	Percent Of Families Owning Asset		95.6	96.5	97.5
	Bonds³	Percent Of Families Owning Asset		5.9	4.3	3.8
	Certificates Of Deposit	Percent Of Families Owning Asset		21.6	17.4	18.9
	Life Insurance⁴	Percent Of Families Owning Asset		43.2	38.8	36.9
	Mutual Funds⁵	Percent Of Families Owning Asset		13.8	16.0	21.0
	Other Financial	Percent Of Families Owning Asset		9.7	9.5	8.7
	Other Managed⁶	Percent Of Families Owning Asset		5.3	5.0	7.7
	Retirement Accounts⁷	Percent Of Families Owning Asset		48.9	54.3	58.4
	Savings Bonds	Percent Of Families Owning Asset		27.4	28.3	23.3
	Stocks³	Percent Of Families Owning Asset		22.4	19.2	24.9
	Transaction Accounts⁸	Percent Of Families Owning Asset		94.0	95.0	96.2
Renter Occupied Or Other	Any Financial Asset²	Percent Of Families Owning Asset		80.6	80.8	84.1
	Bonds³	Percent Of Families Owning Asset		1.3	0.9	1.3
	Certificates Of Deposit	Percent Of Families Owning Asset		8.1	8.7	8.3
	Life Insurance⁴	Percent Of Families Owning Asset		20.2	19.4	15.2
	Mutual Funds⁵	Percent Of Families Owning Asset		4.4	5.5	7.5
	Other Financial	Percent Of Families Owning Asset		12.9	14.0	10.8
	Other Managed⁶	Percent Of Families Owning Asset		1.7	1.9	2.4
	Retirement Accounts⁷	Percent Of Families Owning Asset		23.3	28.4	30.1
	Savings Bonds	Percent Of Families Owning Asset		13.2	12.7	11.5
	Stocks³	Percent Of Families Owning Asset		7.4	7.9	8.0
	Transaction Accounts⁸	Percent Of Families Owning Asset		74.3	72.4	79.2
Retired	Any Financial Asset²	Percent Of Families Owning Asset		88.2	88.7	90.3
	Bonds³	Percent Of Families Owning Asset		6.1	4.2	5.1
	Certificates Of Deposit	Percent Of Families Owning Asset		30.2	23.4	28.8
	Life Insurance⁴	Percent Of Families Owning Asset		34.2	32.0	32.4
	Mutual Funds⁵	Percent Of Families Owning Asset		11.5	11.5	14.8
	Other Financial	Percent Of Families Owning Asset		6.9	7.1	6.8
	Other Managed⁶	Percent Of Families Owning Asset		5.5	5.3	9.9
	Retirement Accounts⁷	Percent Of Families Owning Asset		21.9	24.9	28.8
	Savings Bonds	Percent Of Families Owning Asset		14.5	15.3	14.4
	Stocks³	Percent Of Families Owning Asset		14.5	16.5	17.1
	Transaction Accounts⁸	Percent Of Families Owning Asset		85.8	86.6	87.2
Retirement Accounts⁷	Percent Distribution Of Amount Of Financial Assets Of All Families		21.5	25.5	27.9	27.5
Retirement Accounts⁷	Percent Of Families Owning Asset			39.6	45.2	48.8
Savings Bonds	Percent Distribution Of Amount Of Financial Assets Of All Families		1.5	1.1	1.3	0.7
Savings Bonds	Percent Of Families Owning Asset			22.3	22.8	19.3
Self Employed	Any Financial Asset²	Percent Of Families Owning Asset		98.1	94.6	96.9
	Bonds³	Percent Of Families Owning Asset		7.2	5.3	5.4
	Certificates Of Deposit	Percent Of Families Owning Asset		18.5	18.7	11.7
	Life Insurance⁴	Percent Of Families Owning Asset		41.1	41.9	39.5
	Mutual Funds⁵	Percent Of Families Owning Asset		14.7	19.0	24.8
	Other Financial	Percent Of Families Owning Asset		18.9	16.8	14.1
	Other Managed⁶	Percent Of Families Owning Asset		2.6	3.1	8.7
	Retirement Accounts⁷	Percent Of Families Owning Asset		49.4	50.7	53.5
	Savings Bonds	Percent Of Families Owning Asset		23.1	25.8	20.2
	Stocks³	Percent Of Families Owning Asset		25.7	18.7	26.5
	Transaction Accounts⁸	Percent Of Families Owning Asset		95.8	91.5	95.4
Stocks³	Percent Distribution Of Amount Of Financial Assets Of All Families		15.0	16.5	15.7	22.7
Stocks³	Percent Of Families Owning Asset			17.0	15.2	19.2
Transaction Accounts⁸	Percent Distribution Of Amount Of Financial Assets Of All Families		19.1	17.5	14.0	11.4
Transaction Accounts⁸	Percent Of Families Owning Asset			86.9	87.0	90.5
Under 35 Years Old	Any Financial Asset²	Percent Of Families Owning Asset		85.7	86.9	88.6
	Bonds³	Percent Of Families Owning Asset		1.5	(B)¹⁰	1.0
	Certificates Of Deposit	Percent Of Families Owning Asset		7.4	7.2	6.2
	Life Insurance⁴	Percent Of Families Owning Asset		25.5	22.8	18.0
	Mutual Funds⁵	Percent Of Families Owning Asset		5.2	8.0	12.2
	Other Financial	Percent Of Families Owning Asset		12.6	13.8	10.1
	Other Managed⁶	Percent Of Families Owning Asset		1.7	1.6	1.9
	Retirement Accounts⁷	Percent Of Families Owning Asset		31.4	40.7	39.8
	Savings Bonds	Percent Of Families Owning Asset		22.8	20.4	17.2
	Stocks³	Percent Of Families Owning Asset		10.8	10.8	13.1
	Transaction Accounts⁸	Percent Of Families Owning Asset		81.2	80.4	84.6
Working For Someone Else	Any Financial Asset²	Percent Of Families Owning Asset		93.2	94.1	94.8
	Bonds³	Percent Of Families Owning Asset		3.3	2.5	1.9
	Certificates Of Deposit	Percent Of Families Owning Asset		11.8	10.4	11.1
	Life Insurance⁴	Percent Of Families Owning Asset		36.7	32.2	27.5
	Mutual Funds⁵	Percent Of Families Owning Asset		10.3	12.4	16.6
	Other Financial	Percent Of Families Owning Asset		10.5	11.8	9.4
	Other Managed⁶	Percent Of Families Owning Asset		3.9	3.6	4.2
	Retirement Accounts⁷	Percent Of Families Owning Asset		49.7	55.8	58.9
	Savings Bonds	Percent Of Families Owning Asset		27.7	26.6	21.8
	Stocks³	Percent Of Families Owning Asset		18.3	15.3	19.5
	Transaction Accounts⁸	Percent Of Families Owning Asset		89.8	89.6	92.7

Footnotes

¹ Quantities in thousands.

² Includes other types of financial assets, not shown separately.

³ Covers only those stocks and bonds that are directly held by families outside mutual funds, retirement accounts and other managed assets.

⁴ Cash value.

⁵ Excludes money market mutual funds and funds held through retirement accounts or other managed assets.

⁶ Includes personal annuities and trusts with an equity interest and managed investment accounts.

⁷ 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.

⁸ Checking, savings, and money market deposit accounts, money market mutual funds, and call accounts at brokerages.

⁹ Median value of financial asset for families holding such assets.

¹⁰ Base figure too small.

Source

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

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

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