| Table 2.3—Family
net worth, by selected characteristics of families,
2001 and 2004 surveys |
| |
All
families |
All
farm households |
| |
2001 |
2001 |
2004 |
2004 |
2001 |
2001 |
2004 |
2004 |
| |
Median |
Mean |
Median |
Mean |
Median |
Mean |
Median |
Mean |
| Family net worth |
91.7 |
421.5 |
93.1 |
448.2 |
318.1 |
527.9 |
456.9 |
740.0 |
| |
|
|
|
|
|
|
|
|
| Family characteristic |
|
|
| Percentile of wealth |
2001 |
2001 |
2004 |
2004 |
2001 |
2001 |
2004 |
2004 |
| All families (SCF) |
Median |
Mean |
Median |
Mean |
Median |
Mean |
Median |
Mean |
| Less than 20 |
8.4 |
56.1 |
7.5 |
72.6 |
78.6 |
23.4 |
150.3 |
141.2 |
| 20-39.9 |
39.6 |
121.8 |
34.3 |
122.0 |
167.9 |
169.2 |
312.3 |
310.6 |
| 40-59.9 |
66.5 |
171.4 |
71.6 |
193.8 |
288.1 |
294.7 |
483.1 |
487.5 |
| 60-79.9 |
150.7 |
311.3 |
160.0 |
342.8 |
491.5 |
508.4 |
762.6 |
785.3 |
| 80-89.9 |
280.3 |
486.6 |
311.1 |
485.0 |
823.9 |
836.0 |
1,280.0 |
1,283.7 |
| 90-99.9 |
887.9 |
2,406.7 |
924.1 |
2,534.0 |
1,428.4 |
1,993.5 |
2,361.3 |
3,176.6 |
| |
|
|
|
|
|
|
|
|
| Age of head (years) |
2001 |
2001 |
2004 |
2004 |
2001 |
2001 |
2004 |
2004 |
| All families (SCF) |
Median |
Mean |
Median |
Mean |
Median |
Mean |
Median |
Mean |
| Less than 35 |
12.3 |
96.6 |
14.2 |
73.5 |
117.0 |
206.9 |
274.0 |
410.2 |
| 35-44 |
82.6 |
276.4 |
69.4 |
299.2 |
197.7 |
280.7 |
363.9 |
615.6 |
| 45-54 |
141.6 |
517.6 |
144.7 |
542.7 |
295.9 |
508.3 |
496.5 |
809.4 |
| 55-64 |
193.3 |
775.4 |
248.7 |
843.8 |
367.5 |
589.3 |
537.4 |
885.0 |
| 65-74 |
187.8 |
717.9 |
190.1 |
690.9 |
392.1 |
625.2 |
532.9 |
847.3 |
| 75 or more |
161.2 |
496.2 |
163.1 |
528.1 |
365.4 |
535.6 |
513.3 |
792.1 |
| |
|
|
|
|
|
|
|
|
| Education of head (percent) |
2001 |
2001 |
2004 |
2004 |
2001 |
2001 |
2004 |
2004 |
| |
Median |
Mean |
Median |
Mean |
Median |
Mean |
Median |
Mean |
| No high school diploma |
27.2 |
109.7 |
20.6 |
136.5 |
25.7 |
298.0 |
336.4 |
553.5 |
| High school diploma |
61.8 |
192.5 |
68.7 |
196.8 |
243.9 |
424.9 |
448.7 |
681.3 |
| Some college |
76.3 |
303.8 |
69.3 |
308.6 |
322.1 |
507.2 |
473.6 |
749.2 |
| College degree |
227.2 |
845.7 |
226.1 |
851.3 |
425.8 |
711.6 |
665.2 |
1,167.1 |
Note: Figures are in 2004 dollars (thousands).
Source: Survey of Consumer Finances, Recent
Changes in U.S. Family Finances: Evidence from
the 1998 and 2001 Survey of Consumer Finances (all
families). USDA, ERS, Farm Costs and Returns Survey
(2001) and Agricultural Resource Management Survey
(2004) (all farm households). |
|
|
