Table 6.8

Average and median household assets, by race/ethnicity and asset type, 1983–2010 (thousands of 2010 dollars)

Median Average
White Black Hispanic White Black Hispanic
Stock
1983 $0.0 $0.0 $0.0 $33.2 $0.4 $0.1
1989 0.0 0.0 0.0 35.4 2.7 1.7
1998 0.0 0.0 0.0 95.3 10.3 10.8
2001 3.1 0.0 0.0 164.3 18.0 14.6
2007 1.1 0.0 0.0 144.7 10.1 13.9
2010 1.2 0.0 0.0 129.9 12.3 10.8
1983–2007 — — — 335.5% 2,225.4% 12,132.4%
2007–2010 14.1% — — -10.3% 21.9% -22.3%
Housing equity
1983 $50.7 $0.0 $0.0 $80.9 $28.7 $35.2
1989 51.0 0.0 0.0 95.9 33.7 33.1
1998 43.7 0.0 0.0 88.2 27.7 38.5
2001 57.9 0.0 0.0 118.4 28.4 35.2
2007 71.5 0.0 0.0 164.9 54.7 77.9
2010 45.0 0.0 0.0 124.6 39.4 39.7
1983–2007 41.2% — — 103.8% 90.4% 121.0%
2007–2010 -37.1% — — -24.4% -27.8% -49.1%
Total assets
1983 $125.3 $14.2 $10.5 $351.9 $73.0 $71.5
1989 164.2 8.4 3.8 458.3 87.1 99.1
1998 173.6 28.7 18.9 525.0 115.2 144.8
2001 200.0 42.1 10.2 647.9 120.9 138.4
2007 253.2 44.7 42.1 791.6 200.4 270.8
2010 205.0 28.1 20.0 702.5 136.1 153.9
1983–2007 102.2% 215.1% 301.1% 124.9% 174.5% 279.0%
2007–2010 -19.0% -37.2% -52.5% -11.3% -32.1% -43.2%

Source: Wolff (2012)

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