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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