Table 6.7

Average household assets, by wealth group and asset type, 1962–2010 (thousands of 2010 dollars)

Wealth fifth Breakdown of top fifth
Asset type Bottom two Middle Fourth 80th–<90th percentile 90th–<99th percentile Top 1%
Stocks
1962 $0.4 $1.5 $5.9 $18.4 $164.8 $3,222.7
1983 0.5 2.1 6.1 16.1 135.0 2,092.5
1989 0.8 5.0 11.9 34.0 173.6 1,579.5
1998 2.2 12.3 36.9 106.3 389.9 3,378.2
2001 2.3 14.7 50.8 162.3 630.7 4,393.6
2007 1.8 10.4 35.8 111.1 534.9 4,281.0
2010 1.7 8.9 29.5 108.8 509.2 3,499.8
Stocks not held in retirement accounts
1989 $0.3 $1.8 $4.2 $17.1 $87.7 $932.4
1998 0.5 3.5 13.7 50.3 256.6 3,245.8
2001 0.6 4.9 19.4 79.6 387.7 3,907.5
2007 0.4 3.0 14.3 49.5 346.4 3,701.3
2010 0.2 1.7 8.3 38.6 283.2 2,839.4
Housing equity
1962 $3.5 $29.9 $59.7 $84.0 $102.5 $276.0
1983 5.4 46.5 93.6 141.2 233.1 683.6
1989 4.3 48.5 110.5 174.7 267.6 734.5
1998 5.4 48.0 98.0 149.7 262.0 737.4
2001 6.2 54.1 119.3 199.6 357.3 1,120.5
2007 8.0 71.0 159.7 273.1 535.6 1,731.4
2010 -0.1 39.3 114.6 204.1 431.9 1,303.5
Total assets
1962 $20.9 $88.1 $165.8 $306.0 $770.1 $6,728.6
1983 23.0 109.1 223.5 438.7 1,180.3 10,145.9
1989 26.7 124.2 260.0 488.2 1,322.7 12,772.7
1998 34.1 142.9 279.2 549.6 1,495.2 14,028.3
2001 35.0 154.5 339.6 702.2 2,134.2 16,028.4
2007 50.2 210.3 422.6 801.3 2,652.3 19,990.2
2010 46.8 149.1 303.0 697.0 2,357.6 17,017.7

Source: Wolff (2012)

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