Wealth and Want
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Wealth Tables 50-40-5-4-1

Quantiles: Networth distribution: Bottom 50%, 50th to 90th, 90th to 95th, 95th to 99th and Top 1% (50-40-5-4-1)
Comparison: 2004 vs 1989
source: Currents and Undercurrents: Changes in the Distribution of Wealth, 1989–2004, by Arthur B. Kennickell, Federal Reserve Board, January, 2006.
For more aggregated quantiles, see parallel tables at Wealth Tables 90-9-1
Definitions of Assets: Click on the link in the table, or here.

Guided tour

Tables:
Table W50-1 Dollar Holdings and change, by Networth Quantile — 1989 and 2004
Table W50-2 Corner Percentages: Each Quantile's Share of Aggregate Networth, 1989 and 2004
Table W50-3 Wealth Shares and Percent Change by Networth Quantile — 1989 and 2004
Table W50-4: Dollar Change, Percent Chg and Shares of Dollar Change, by Networth Quantile
Table W50-5 Ownership Rates, by Networth Quantile - nonadditive - 1989, 2004 and Point Change
Table W50-6 Ownership Rates by Networth Quantile - additive - 1989 and 2004
Table W50-7 Holdings per 1% who hold, by Networth Quantile — 1989 and 2004
Table W50-8 Holdings per 1% who hold - Change and Percent Change, 1989-2004, by Networth Quantile

 

Table W50-1 Dollar Holdings and change, by Networth Quantile — 1989 and 2004
Note: Table W50-4 shows the percent change and shares of year to year change for each networth quantile. Networth quantiles are the Bottom 50% (0 to 50th percentile), Next 40% (50th to 90th percentile), Next 5% (90th to 95th percentile), Next 4% (95th to 99th percentile) and Top 1%. Table W90-1 provides similar information for the Bottom 90%, and Next 9%.

   
1989
2004
 
Change
   
Total
Quantiles of Net Worth
Total
Quantiles of Net Worth
  Total
Quantiles of Net Worth
   
B50
N40
N5
N4
T1
B50
N40
N5
N4
T1
 
B50
N40
N5
N4
T1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
01 NETWORTH
25,854
763
7,714
3,374
6,227
7,776
50,251
1,278
14,046
6,025
12,127
16,774
24,397
515
6,332
2,651
5,900
8,999
02 ASSET
29,417
1,598
9,549
3,727
6,574
7,969
59,108
3,423
18,351
6,763
13,147
17,425
29,692
1,826
8,802
3,036
6,574
9,455
 
03 FIN
9,079
311
2,541
1,238
2,425
2,564
21,098
529
5,478
2,878
5,550
6,663
12,019
217
2,937
1,640
3,125
4,099
04 LIQ
1,688
101
542
222
366
457
2,780
151
926
312
749
642
1,092
50
384
90
384
185
05 CDS
896
37
392
149
229
90
780
18
331
168
174
90
-116
-19
-62
19
-54
-1
06 SAVBND
134
9
64
25
26
10
114
11
58
18
23
5
-20
2
-6
-8
-4
-5
07 BOND
898
3
70
100
262
464
1,115
1
32
35
265
783
217
-2
-38
-65
3
319
08 STOCKS
1,385
17
219
142
434
573
3,711
21
382
375
1,045
1,888
2,326
4
163
232
611
1,315
09 NMMF
487
4
74
79
167
163
3,101
23
564
332
1,016
1,169
2,615
18
490
253
850
1,006
10 RETQLIQ
1,926
65
778
289
510
284
6,752
226
2,587
1,321
1,701
917
4,827
162
1,809
1,032
1,192
633
11 CASHLI
539
48
231
86
89
86
625
41
226
67
156
135
86
-7
-5
-19
67
49
12 OTHMA
670
3
90
79
192
307
1,684
12
300
214
355
804
1,014
9
211
135
163
496
13 OTHFIN
457
25
83
67
152
130
435
26
74
37
66
233
-21.6
1
-9
-31
-86
103
 
14 NFIN
20,338
1,286
7,008
2,489
4,149
5,405
38,011
2,894
12,872
3,885
7,598
10,762
17,673
1,608
5,865
1,396
3,449
5,357
15 VEHIC
1,125
288
547
107
117
65
1,945
522
968
154
187
113
820
234
421
47
70
48
16 HOUSES
9,248
900
5,148
1,186
1,403
611
19,110
2,241
9,573
2,271
3,135
1,890
9,862
1,341
4,425
1,085
1,732
1,279
17 ORESRE
1,653
43
502
330
462
316
3,758
57
828
546
1,222
1,105
2,105
14
326
216
760
789
18 NNRESRE
2,252
12
203
219
581
1,238
2,772
20
452
313
677
1,311
521
8
249
94
96
73
19 BUS
5,511
21
490
573
1,490
2,937
9,841
34
908
560
2,208
6,131
4,330
13
418
-13
718
3,194
20 OTHNFIN
549
23
118
75
96
238
585
21
143
41
168
212
36
-2
25
-34
73
-26
 
21 DEBT
3,564
835
1,835
354
347
194
8,858
2,145
4,305
738
1,021
650
5,295
1,310
2,470
384
674
457
22 MRTHEL
2,445
508
1,413
242
211
71
6,660
1520
3,561
591
664
325
4,215
1,012
2,148
349
453
254
23 RESDBT
276
18
90
59
69
40
751
22
192
96
271
170
475
4
102
37
202
130
24 INSTALL
594
245
258
33
36
22
971
449
381
27
44
70
377
204
123
-6
7
48
25 OTHLOC
66
5
7
8
6
41
64
7
16
1
10
30
-2
2
9
-7
4
-11
26 CCBAL
100
43
49
5
3
*
266
122
125
10
8
2
166
79
76
5
5
2
27 ODEBT
82
15
17
7
22
20.6
146
25
30
13
24
54
64
10
13
6
2
33
 
28 EQUITY
2,585
41
535
307
766
937
10,002
119
2,002
1,319
2,878
3,684
7,416
78
1,467
1,012
2,111
2,747
29 INCOME
5,589
1,358
2,277
499
688
767
7,930
1,887
3,174
672
1,117
1,080
2,341
529
897
173
429
313
29a Income to Networth ratio
0.216
1.780
0.295
0.148
0.110
0.099
0.158
1.477
0.226
0.112
0.092
0.064
             
30 Equity:Income ratio
0.463
0.030
0.235
0.615
1.113
1.222
1.261
0.063
0.631
1.963
2.577
3.411
             
 
31 STOCKS+NMMF
1,872
21
293
221
601
736
6,813
44
946
707
2,061
3,057
4,941
22
653
486
1,460
2,321
32 STOCKS+NMMF+RETQLIQ
3,798
87
1,071
510
1,111
1,020
13,565
270
3,533
2,028
3,762
3,974
9,768
184
2,461
1,518
2,652
2,954
 
33 STOCKS+BUS
6,897
38
708
715
1,925
3,510
13,552
55
1,290
935
3,253
8,019
6,656
17
581
220
1,329
4,509
34 STOCKS+BUS+NMMF
7,383
43
783
794
2,091
3,673
16,654
78
1,854
1,267
4,269
9,188
9,271
35
1,072
473
2,178
5,515
 
35 STOCKS+BUS+NNRESRE+NMMF
9,635
54
985
1,013
2,672
4,911
19,426
98
2,306
1,580
4,947
10,499
9,791
43
1,321
567
2,275
5,588
36 STOCKS+BUS+NNRESRE+NMMF+ ORES
11,288
97
1,487
1,343
3,134
5,227
23,936
155
3,134
2,126
6,189
11,604
11,986
57
1,647
783
3,035
6,377
37 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA
11,958
100
1,577
1,422
3,325
5,534
24,868
166
3,434
2,340
6,523
12,407
12,910
66
1,857
918
3,198
6,873
38 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS
12,856
103
1,646
1,521
3,587
5,998
25,983
167
3,466
2,374
6,788
13,190
13,127
64
1,820
853
3,201
7,192
39 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ
14,781
168
2,425
1,811
4,097
6,282
32,735
393
6,053
3,696
8,489
14,107
17,954
225
3,628
1,885
4,392
7,825
 
40 VEHIC+HOUSES
10,373
1,188
5,696
1,292
1,521
676
21,055
2,763
10,542
2,425
3,322
2,003
10,682
1,575
4,846
1,133
1,802
1,327
41 VEHIC+HOUSES-MRTHEL-INSTALL
7,334
434
4,035
1,018
1,273
584
13,423
793
6,600
1,807
2,615
1,609
6,090
359
2,575
789
1,342
1.025
42 VEHIC+HOUSES+RETQLIQ
12,299
1,253
6,474
1,582
2,030
960
27,807
2,989
13,128
3,746
5,024
2,920
15,508
1,736
6,655
2,164
2,994
1,960
43 VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ
9,259
499
4,803
1,307
1,783
867
20,176
1,020
9,187
3,128
4,316
2,525
10,916
521
4,384
1,821
2,544
1,658
 
44 HOUSES minus MRTHEL
6,803
391
3,735
944
1,192
540
12,449
720
6,013
1,680
2,471
1,565
5,647
329
2,278
736
1,279
1,025
 
45 NFIN other than HOUSES & VEHIC
9,965
99
1,312
1,197
2,629
4,729
16,957
132
2,331
1,460
4,275
8,759
6,991
33
1,019
263
1,647
4,030
46 FIN other than RETQLIQ
7,154
247
1,763
949
1,915
2,280
14,345
303
2,892
1,557
3,848
5,746
7,192
56
1,129
608
1,933
3,465
 
47 NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL
18,520
329
3,690
2,356
4,953
7,192
36,827
486
7,446
4,218
9,511
15,166
18,307
156
3,756
1,862
4,558
7,974
48 NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL
16,594
264
2,912
2,067
4,444
6,908
30,075
259
4,859
2,897
7,810
14,249
13,481
-5
1,948
831
3,367
7,341
 
49 LIQ+CDS+SAVBNDS
2,718
147
998
396
620
557
3,674
180
1,314
497
946
736
956
33
316
101
326
179
50 BOND+STOCKS+OTHMA+NMMF
3,440
27
452
399
1,054
1,507
9,614
56
1,278
956
2,680
4,644
6,172
29
826
556
1,626
3,137
51 CASHLI+OTHFIN
996
73
313
153
241
216
1,060
67
300
104
222
368
64
-6
-14
-50
-19
152
 
52 HOUSES+ORESRE
10,901
943
5,650
1,516
1,865
927
22,867
2,298
10,402
2,817
4,357
2,995
11,967
1,355
4,751
1,301
2,492
2,068
53 NNRESRE+BUS
7,763
33
692
792
2,071
4,175
12,614
54
1,360
873
2,885
7,442
4,850
21
667
81
814
3,267
 
54 MRTHEL+RESDEBT
2,721
526
1,503
301
280
110
7,511
1,543
3,753
686
935
494
4,690
1,016
2,250
386
655
384
55 INSTALL+OTHLOC+ODEBT
742
265
282
48
64
83
1,181
481
427
42
78
154
438
215
145
-6
14
71
 
56 "all other assets" (exc VEHIC, HOUSES & RETQLIQ)
4,263
242
1,429
624
957
1,011
5,319
268
1,757
642
1,336
1,314
1,056
26
328
18
380
303
57 "all other debts" (except MRTHEL & INSTALL
524
81
163
79
100
101
1,227
175
363
120
314
255
703
95
200
40
214
154
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

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Table W50-2 Corner Percentages: Each Quantile's Share of Aggregate Networth, 1989 and 2004

Note: This table is calculated from Table W50-1. For each year, the dollars in each cell in Table W50-1 are divided by the total Networth figure in Row 01, column 1 or 7. Columns 1 and 7 provide an easy way to see the relative importance of the various asset and debt categories.
   
1989
2004
   
Total
Quantiles of Net Worth
Total
Quantiles of Net Worth
   
B50
N40
N5
N4
T1
B50
N40
N5
N4
T1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
01 NETWORTH
100.0%
2.95%
29.84%
13.05%
24.08%
30.08%
100.0%
2.54%
27.95%
11.99%
24.13%
33.38%
02 ASSET
113.8%
6.18%
36.94%
14.42%
25.43%
30.82%
117.6%
6.81%
36.52%
13.46%
26.16%
34.68%
 
03 FIN
35.1%
1.20%
9.83%
4.79%
9.38%
9.92%
42.0%
1.05%
10.90%
5.73%
11.04%
13.26%
04 LIQ
6.5%
0.39%
2.10%
0.86%
1.41%
1.77%
5.5%
0.30%
1.84%
0.62%
1.49%
1.28%
05 CDS
3.5%
0.14%
1.52%
0.58%
0.88%
0.35%
1.6%
0.04%
0.66%
0.33%
0.35%
0.18%
06 SAVBND
0.5%
0.03%
0.25%
0.10%
0.10%
0.04%
0.2%
0.02%
0.12%
0.03%
0.04%
0.01%
07 BOND
3.5%
0.01%
0.27%
0.39%
1.01%
1.79%
2.2%
0.00%
0.06%
0.07%
0.53%
1.56%
08 STOCKS
5.4%
0.07%
0.85%
0.55%
1.68%
2.22%
7.4%
0.04%
0.76%
0.75%
2.08%
3.76%
09 NMMF
1.9%
0.02%
0.29%
0.30%
0.64%
0.63%
6.2%
0.04%
1.12%
0.66%
2.02%
2.33%
10 RETQLIQ
7.4%
0.25%
3.01%
1.12%
1.97%
1.10%
13.4%
0.45%
5.15%
2.63%
3.39%
1.82%
11 CASHLI
2.1%
0.18%
0.89%
0.33%
0.34%
0.33%
1.2%
0.08%
0.45%
0.13%
0.31%
0.27%
12 OTHMA
2.6%
0.01%
0.35%
0.30%
0.74%
1.19%
3.4%
0.02%
0.60%
0.43%
0.71%
1.60%
13 OTHFIN
1.8%
0.10%
0.32%
0.26%
0.59%
0.50%
0.9%
0.05%
0.15%
0.07%
0.13%
0.46%
 
14 NFIN
78.7%
4.98%
27.11%
9.63%
16.05%
20.91%
75.6%
5.76%
25.62%
7.73%
15.12%
21.42%
15 VEHIC
4.4%
1.11%
2.12%
0.41%
0.45%
0.25%
3.9%
1.04%
1.93%
0.31%
0.37%
0.23%
16 HOUSES
35.8%
3.48%
19.91%
4.59%
5.43%
2.36%
38.0%
4.46%
19.05%
4.52%
6.24%
3.76%
17 ORESRE
6.4%
0.17%
1.94%
1.28%
1.79%
1.22%
7.5%
0.11%
1.65%
1.09%
2.43%
2.20%
18 NNRESRE
8.7%
0.04%
0.78%
0.85%
2.25%
4.79%
5.5%
0.04%
0.90%
0.62%
1.35%
2.61%
19 BUS
21.3%
0.08%
1.89%
2.22%
5.76%
11.36%
19.6%
0.07%
1.81%
1.11%
4.39%
12.20%
20 OTHNFIN
2.1%
0.09%
0.46%
0.29%
0.37%
0.92%
1.2%
0.04%
0.28%
0.08%
0.33%
0.42%
 
21 DEBT
13.8%
3.23%
7.10%
1.37%
1.34%
0.75%
17.6%
4.27%
8.57%
1.47%
2.03%
1.29%
22 MRTHEL
9.5%
1.97%
5.47%
0.94%
0.82%
0.27%
13.3%
3.03%
7.09%
1.18%
1.32%
0.65%
23 RESDBT
1.1%
0.07%
0.35%
0.23%
0.27%
0.15%
1.5%
0.04%
0.38%
0.19%
0.54%
0.34%
24 INSTALL
2.3%
0.95%
1.00%
0.13%
0.14%
0.08%
1.9%
0.89%
0.76%
0.05%
0.09%
0.14%
25 OTHLOC
0.3%
0.02%
0.03%
0.03%
0.02%
0.16%
0.1%
0.01%
0.03%
0.00%
0.02%
0.06%
26 CCBAL
0.4%
0.17%
0.19%
0.02%
0.01%
0.00%
0.5%
0.24%
0.25%
0.02%
0.02%
0.00%
27 ODEBT
0.3%
0.06%
0.06%
0.03%
0.09%
0.08%
0.3%
0.05%
0.06%
0.03%
0.05%
0.11%
 
28 EQUITY
10.0%
0.16%
2.07%
1.19%
2.96%
3.63%
19.9%
0.24%
3.98%
2.63%
5.73%
7.33%
29 INCOME                
 
31 STOCKS+NMMF
7.2%
0.08%
1.13%
0.85%
2.32%
2.85%
13.6%
0.09%
1.88%
1.41%
4.10%
6.08%
32 STOCKS+NMMF+RETQLIQ
14.7%
0.33%
4.14%
1.97%
4.30%
3.94%
27.0%
0.54%
7.03%
4.04%
7.49%
7.91%
 
33 STOCKS+BUS
26.7%
0.15%
2.74%
2.77%
7.44%
13.58%
27.0%
0.11%
2.57%
1.86%
6.47%
15.96%
34 STOCKS+BUS+NMMF
28.6%
0.17%
3.03%
3.07%
8.09%
14.21%
33.1%
0.16%
3.69%
2.52%
8.50%
18.28%
 
35 STOCKS+BUS+NNRESRE+NMMF
37.3%
0.21%
3.81%
3.92%
10.33%
18.99%
38.7%
0.19%
4.59%
3.14%
9.84%
20.89%
36 STOCKS+BUS+NNRESRE+NMMF+ ORES
43.7%
0.38%
5.75%
5.19%
12.12%
20.22%
46.1%
0.31%
6.24%
4.23%
12.28%
23.09%
37 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA
46.3%
0.39%
6.10%
5.50%
12.86%
21.41%
49.5%
0.33%
6.83%
4.66%
12.98%
24.69%
38 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS
49.7%
0.40%
6.37%
5.88%
13.87%
23.20%
51.7%
0.33%
6.90%
4.72%
13.51%
26.25%
39 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ
57.2%
0.65%
9.38%
7.00%
15.85%
24.30%
65.14%
0.78%
12.04%
7.35%
16.89%
28.07%
 
40 VEHIC+HOUSES
40.1%
4.59%
22.03%
5.00%
5.88%
2.62%
41.9%
5.50%
20.98%
4.83%
6.61%
3.99%
41 VEHIC+HOUSES-MRTHEL-INSTALL
28.4%
1.68%
15.57%
3.94%
4.93%
2.26%
26.7%
1.58%
13.13%
3.60%
5.20%
3.20%
42 VEHIC+HOUSES+RETQLIQ
47.6%
4.84%
25.04%
6.12%
7.85%
3.71%
55.3%
5.95%
26.13%
7.46%
10.00%
5.81%
43 VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ
35.8%
1.93%
18.58%
5.06%
6.90%
3.35%
40.1%
2.03%
18.28%
6.23%
8.59%
5.03%
 
44 HOUSES minus MRTHEL
26.3%
1.51%
14.45%
3.65%
4.61%
2.09%
24.8%
1.43%
11.97%
3.34%
4.92%
3.12%
 
45 NFIN other than HOUSES & VEHIC
38.5%
0.38%
5.08%
4.63%
10.17%
18.29%
33.7%
0.26%
4.64%
2.91%
8.51%
17.43%
46 FIN other than RETQLIQ
27.7%
0.95%
6.82%
3.67%
7.41%
8.82%
28.5%
0.60%
5.75%
3.10%
7.66%
11.43%
 
47 NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL
71.6%
1.27%
14.27%
9.11%
19.16%
27.82%
73.3%
0.97%
14.82%
8.39%
18.93%
30.18%
48 NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL
64.2%
1.02%
11.26%
7.99%
17.19%
26.72%
59.9%
0.52%
9.67%
5.77%
15.54%
28.36%
 
49 LIQ+CDS+SAVBNDS
10.5%
0.57%
3.86%
1.53%
2.40%
2.15%
7.3%
0.36%
2.62%
0.99%
1.88%
1.46%
50 BOND+STOCKS+OTHMA+NMMF
13.3%
0.10%
1.75%
1.54%
4.08%
5.83%
19.1%
0.11%
2.54%
1.90%
5.33%
9.24%
51 CASHLI+OTHFIN
3.9%
0.28%
1.21%
0.59%
0.93%
0.84%
2.1%
0.13%
0.60%
0.21%
0.44%
0.73%
 
52 HOUSES+ORESRE
42.2%
3.65%
21.85%
5.86%
7.21%
3.59%
45.5%
4.57%
20.70%
5.61%
8.67%
5.96%
53 NNRESRE+BUS
30.0%
0.13%
2.68%
3.06%
8.01%
16.15%
25.1%
0.11%
2.71%
1.74%
5.74%
14.81%
 
54 MRTHEL+RESDEBT
10.5%
2.04%
5.82%
1.16%
1.08%
0.43%
14.7%
3.07%
7.47%
1.37%
1.86%
0.98%
55 INSTALL+OTHLOC+ODEBT
2.9%
1.03%
1.09%
0.19%
0.25%
0.32%
2.3%
0.96%
0.85%
0.08%
0.15%
0.31%
 
56 "all other assets" (exc VEHIC, HOUSES & RETQLIQ)
16.5%
0.94%
5.53%
2.41%
3.70%
3.91%
10.6%
0.53%
3.50%
1.28%
2.66%
2.62%
57 "all other debts" (except MRTHEL & INSTALL
2.0%
0.31%
0.63%
0.31%
0.39%
0.39%
2.4%
0.35%
0.72%
0.24%
0.62%
0.51%
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

 

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Table W50-3 Wealth Shares and Percent Change by Networth Quantile — 1989 and 2004
   
1989
2004
 
Percentage point change
   
Total
Quantiles of Net Worth
Total
Quantiles of Net Worth
  Total
Quantiles of Net Worth
   
B50
N40
N5
N4
T1
B50
N40
N5
N4
T1
 
B50
N40
N5
N4
T1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
01 NETWORTH
100.0%
3.0%
29.9%
13.0%
24.1%
30.1%
100.0%
2.5%
27.9%
12.0%
24.1%
33.4%
100.0
-0.5
-2.0
-1.0
nc
+3.3
02 ASSET
100.0
5.4
32.5
12.6
22.3
27.1
100.0
5.8
31.0
11.4
22.2
29.5
100.0
+0.4
-1.5
-1.2
-0.1
+2.4
 
03 FIN
100.0
3.4
28.0
13.6
26.7
28.3
100.0
2.5
23.0
13.6
26.3
31.6
100.0
-0.9
-5.0
nc
-0.4
+3.3
04 LIQ
100.0
6.0
32.2
13.2
21.7
26.9
100.0
5.4
33.3
11.2
27.0
23.1
100.0
-0.6
+1.1
-2.0
+5.3
-3.8
05 CDS
100.0
4.1
43.8
16.6
25.3
10.2
100.0
2.3
42.3
21.5
22.3
11.5
100.0
-1.8
-1.5
+4.9
-3.0
+1.3
06 SAVBND
100.0
6.7
47.6
19.1
19.3
7.3
100.0
9.8
51.0
15.3
19.9
4.0
100.0
+3.1
+3.4
-4.8
+0.6
-3.3
07 BOND
100.0
0.3
7.8
11.0
29.1
51.8
100.0
0.1
2.9
3.1
23.7
70.2
100.0
-0.2
-4.9
-7.9
-5.4
+18.4
08 STOCKS
100.0
1.2
15.8
10.1
31.4

41.3

100.0
0.6
10.3
10.1
28.2
50.9
100.0
-0.6
-5.5
nc
-3.2
+9.6
09 NMMF
100.0
0.9
15.3
16.2
34.1
33.5
100.0
0.7
18.2
10.7
32.7
37.6
100.0
-0.2
+2.9
-5.5
-1.4
+4.1
10 RETQLIQ
100.0
3.4
40.5
15.1
26.3
14.8
100.0
3.4
38.3
19.6
25.2
13.6
100.0
nc
-2.2
+4.5
-1.1
-1.2
11 CASHLI
100.0
8.8
42.8
16.0
16.4
15.9
100.0
6.5
36.2
10.7
24.9
21.6
100.0
-2.3
-6.6
-5.3
+8.5
+5.7
12 OTHMA
100.0
0.4
13.3
11.4
29.4
45.5
100.0
0.7
17.8
12.7
21.0
47.8
100.0
+0.3
+4.5
+1.3
-8.4
+2.3
13 OTHFIN
100.0
5.6
18.3
14.9
33.2
28.0
100.0
5.9
16.9
8.4
15.3
53.5
100.0
+0.3
-1.4
-6.5
-17.9
+25.5

 

14 NFIN
100.0
6.3
34.5
12.2
20.4
26.6
100.0
7.6
33.9
10.2
20.0
28.3
100.0
+1.3
-0.6
-2.0
-0.4
+1.7
15 VEHIC
100.0
25.6
48.7
9.5
10.4
5.8
100.0
26.8
49.8
7.9
9.6
5.8
100.0
+1.3
+1.1
-1.6
-0.8
nc
16 HOUSES
100.0
9.7
55.7
12.8
15.2
6.6
100.0
11.7
50.1
11.9
16.4
9.9
100.0
+2.0
-5.6
-0.9
+1.2
+3.3
17 ORESRE
100.0
2.6
30.4
19.9
27.9
19.2
100.0
1.5
22.0
14.5
32.5
29.4
100.0
-1.1
-8.4
-5.4
+4.6
+10.2
18 NNRESRE
100.0
0.5
9.0
9.6
25.9
55.1
100.0
0.7
16.3
11.3
24.4
47.3
100.0
+0.2
+7.3
+1.7
-1.5
-7.8
19 BUS
100.0
0.4
8.9
10.2
27.1
53.5
100.0
0.3
9.2
5.7
22.4
62.3
100.0
-0.1
+0.3
-4.5
-4.7
+8.8
20 OTHNFIN
100.0
4.1
21.5
13.6
17.4
43.4
100.0
3.6
24.4
7.0
28.7
36.2
100.0
-0.5
+2.9
-6.6
+11.3
-7.2
 
21 DEBT
100.0
23.4
51.5
9.9
9.8
5.4
100.0
24.2
48.6
8.3
11.5
7.3
100.0
+0.8
-2.9
-1.6
+1.7
+1.9
22 MRTHEL
100.0
20.8
57.8
9.9
8.6
2.9
100.0
22.8
53.5
8.9
10.0
4.9
100.0
+2.0
-4.3
-1.0
+1.4
+2.0
23 RESDBT
100.0
6.5
32.8
21.1
25.2
14.4
100.0
3.0
25.7
12.7
36.1
22.5
100.0
-3.5
-5.1
-8.4
+10.9
+8.1
24 INSTALL
100.0
41.3
43.5
5.5
6.1
3.7
100.0
46.2
39.3
2.8
4.5
7.2
100.0
+4.9
-4.2
-2.7
-1.6
+3.5
25 OTHLOC
100.0
7.7
10.9
11.6
8.6
61.3
100.0
10.9
25.1
1.9
15.3
46.9
100.0
+3.2
+14.2
-9.7
+6.7
-14.4
26 CCBAL
100.0
42.8
49.0
5.0
2.8
0.3
100.0
45.7
46.9
3.6
3.1
0.7
100.0
+2.9
-2.1
-1.4
+0.3
+0.4
27 ODEBT
100.0
18.6
20.4
8.6
27.5
25.0
100.0
16.9
20.3
8.9
16.8
37.0
100.0
-1.7
-0.1
+0.3
-10.7
+12.0
 
28 EQUITY
100.0
1.6
20.7
11.7
29.7
36.2
100.0
1.2
20.0
13.2
28.8
36.8
100.0
-0.4
-0.7
+1.5
-0.9 +0.6
29 INCOME
100.0
24.3
40.8
8.9
12.3
13.7
100.0
23.8
40.0
8.5
14.1
13.6
100.0
-0.5
-0.8
-0.4
+1.8 -0.1
 
31 STOCKS+NMMF
100.0
1.1
15.6
11.8
32.1
39.3
100.0
0.6
13.9
10.4
30.3
44.9
100.0
-0.5
-2.7
-1.4
-1.8
+5.5
32 STOCKS+NMMF+RETQLIQ
100.0
2.3
28.2
13.4
29.2
26.9
100.0
2.0
26.0
15.0
27.7
29.3
100.0
-0.3
-2.2
+1.6
-1.5
+2.4
 
33 STOCKS+BUS
100.0
0.6
10.3
10.4
27.9
50.9
100.0
0.5
9.5
6.9
24.0
59.2
100.0
-0.1
-0.8
-3.5
-3.9
+8.4
34 STOCKS+BUS+NMMF
100.0
0.6
10.6
10.8
28.9
49.7
100.0
0.5
11.1
7.6
25.6
55.2
100.0
-0.1
+0.5
-3.2
-3.3
+5.5
 
35 STOCKS+BUS+NNRESRE+NMMF
100.0
0.6
10.2
10.5
27.7
51.0
100.0
0.5
11.9
8.1
27.5
54.0
100.0
-0.1
+1.7
-2.4
-0.2
+3.0
36 STOCKS+BUS+NNRESRE+NMMF+ ORES
100.0
0.9
13.2
11.9
27.8
46.3
100.0
0.7
13.5
9.2
26.6
50.0
100.0
-0.2
+0.3
-2.7
-1.2
+3.7
37 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA
100.0
0.8
13.2
11.9
27.8
46.3
100.0
0.7
13.8
9.4
26.2
49.9
100.0
-0.1
+0.6
-2.5
-1.6
+3.6
38 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS
100.0
0.8
12.8
11.8
27.9
46.7
100.0
0.6
13.3
9.1
26.1
50.8
100.0
-0.2
+0.5
-2.7
-1.8
+4.1
39 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ
100.0
1.1
16.4
12.2
27.7
42.5
100.0
1.2
18.5
11.3
25.9
43.1
100.0
+0.1
+2.1
-0.9
-1.8
+0.6
 
40 VEHIC+HOUSES
100.0
11.5
54.9
12.5
14.7
6.5
100.0
13.1
50.1
11.5
15.8
9.5
100.0
+1.6
-3.8
-1.0
+2.1
+3.0
41 VEHIC+HOUSES-MRTHEL-INSTALL
100.0
5.9
54.9
13.9
17.4
8.0
100.0
5.9
49.2
13.5
19.5
12.0
100.0
nc
-5.7
-0.4
+2.1
+4.0
42 VEHIC+HOUSES+RETQLIQ
100.0
10.2
52.6
12.9
16.5
7.8
100.0
10.7
47.2
13.5
18.1
10.5
100.0
+0.5
-5.4
+0.6
+1.6
+2.7
43 VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ
100.0
5.4
51.9
14.1
19.3
9.4
100.0
5.1
45.5
15.5
21.4
12.5
100.0
-0.3
-6.4
+1.4
+2.1
+3.1
 
44 HOUSES minus MRTHEL
100.0
5.8
54.9
13.9
17.5
7.9
100.0
5.0
48.3
13.5
19.9
12.6
nc
-6.6
-0.4
+2.4
+4.7
 
45 NFIN other than HOUSES & VEHIC
100.0
1.0
13.2
12.0
26.4
47.5
100.0
0.8
13.7
8.6
25.2
51.7
100.0
-0.2
+0.5
-3.4
-1.2
+4.2
46 FIN other than RETQLIQ
100.0
3.4
24.6
13.3
26.8
31.9
100.0
2.1
20.2
10.9
26.8
40.1
100.0
-1.3
-4.4
-2.4
nc
+8.2
 
47 NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL
100.0
1.8
19.9
12.7
26.7
38.8
100.0
1.3
20.2
11.5
25.8
41.2
100.0
-0.5
+0.3
-1.2
-0.9
+2.4
48 NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL
100.0
1.6
17.5
12.5
26.8
41.6
100.0
0.9
16.2
9.6
26.0
47.4
100.0
-0.7
-1.3
-2.9
-0.8
+5.8
 
49 LIQ+CDS+SAVBNDS
100.0
5.4
36.7
14.6
22.8
20.5
100.0
4.9
35.8
13.5
25.8
20.0
100.0
-0.5
-0.9
-1.1
+3.0
-0.5
50 BOND+STOCKS+OTHMA+NMMF
100.0
0.8
13.1
11.6
30.6
43.8
100.0
0.6
13.3
9.9
27.9
48.3
100.0
-0.2
+0.2
-1.7
-2.7
+4.5
51 CASHLI+OTHFIN
100.0
7.3
31.4
15.4
24.2
21.7
100.0
6.3
28.3
9.8
20.9
34.7
100.0
-1.0
-3.1
-5.6
-3.3
+13.0
 
52 HOUSES+ORESRE
100.0
8.6
51.8
13.9
17.1
8.5
100.0
10.0
45.5
12.3
19.1
13.1
100.0
+1.4
-6.3
-1.6
+2.0
+4.6
53 NNRESRE+BUS
100.0
0.4
8.9
10.2
26.7
53.8
100.0
0.4
10.8
6.9
22.9
59.0
100.0
nc
+1.9
-3.3
-3.8
+5.2
 
54 MRTHEL+RESDEBT
100.0
19.3
55.2
11.0
10.3
4.1
100.0
20.8
50.6
9.3
12.6
6.7
100.0
+1.5
-4.6
-1.7
+2.3
+2.6
55 INSTALL+OTHLOC+ODEBT
100.0
35.7
38.0
6.5
8.6
11.2
100.0
40.7
36.2
3.5
6.6
13.0
100.0
+5.0
-1.8
-3.0
-2.0
+1.8
 
56 "all other assets" (exc VEHIC, HOUSES & RETQLIQ)
100.0
5.7
33.5
14.6
22.4
23.7
100.0
5.0
33.0
12.1
25.1
24.7
100.0
-0.7
-0.5
-2.5
+2.7
+1.0
57 "all other debts" (except MRTHEL & INSTALL
100.0
15.4
31.2
15.1
19.1
19.3
100.0
14.3
29.6
9.7
25.6
20.8
100.0
-1.1
-1.6
-5.4
+6.5
+1.5
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

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Table W50-4: Dollar Change, Percent Chg and Shares of Dollar Change, by Networth Quantile
Note: This table is calculated from the data in Table W50-1. Note that between 1989 and 2004, household population increased by 20.5%. Columns 14 through 18 show what share of the increase or decrease went to each networth quantile.

   
Dollar Change, 1989 to 2004 (2004$)
Percent Change in Dollars
 
Shares of Dollar Change
   
Total
Quantiles of Net Worth
Total
Quantiles of Net Worth
  Total
Quantiles of Net Worth
   
B50
N40
N5
N4
T1
B50
N40
N5
N4
T1
 
B50
N40
N5
N4
T1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
01 NETWORTH
24,397
515
6,332
2,651
5,900
8,999
94.4%
67.5%
82.1%
78.6%
94.8%
115.7%
100.0%
2.1%
26.0%
10.9%
24.2%
36.9%
02 ASSET
29,691
1,826
8,802
3,035
6,574
9,455
100.9%
114.3%
92.2%
81.4%
100.0%
118.6%
100.0%
6.1%
29.6%
10.2%
22.1%
31.8%
 
03 FIN
12,019
218
2,937
1,640
3,125
4,099
132.4%
69.9%
115.6%
132.4%
128.9%
159.9%
100.0%
1.8%
24.4%
13.6%
26.0%
34.1%
04 LIQ
1,092
50
384
90
384
185
64.7%
49.3%
70.8%
40.4%
104.9%
40.4%
100.0%
4.6%
35.1%
8.2%
35.1%
16.9%
05 CDS
-116
-19
-62
19
-54
-1
-12.9%
-51.0%
-15.7%
12.8%
-23.6%
-0.8%
100.0%
16.1%
53.1%
-16.5%
46.5%
0.6%
06 SAVBND
-20
2
-6
-8
-4
-5
-15.1%
24.4%
-9.2%
-30.8%
-13.7%
-53.6%
100.0%
-10.8%
29.1%
38.4%
17.7%
25.6%
07 BOND
217
-2
-38
-65
3
319
24.2%
-79.3%
-54.0%
-65.1%
1.1%
68.8%
100.0%
-1.1%
-17.3%
-29.9%
1.3%
146.9%
08 STOCKS
2,326
4
163
233
611
1,315
167.9%
25.3%
74.5%
163.7%
140.6%
229.5%
100.0%
0.2%
7.0%
10.0%
26.3%
56.5%
09 NMMF
2,615
18
490
253
850
1,006
537.4%
411.4%
661.5%
321.9%
510.2%
617.1%
100.0%
0.7%
18.7%
9.7%
32.5%
38.5%
10 RETQLIQ
4,827
162
1,809
1,032
1,192
633
250.7%
249.9%
232.4%
356.5%
233.8%
223.2%
100.0%
3.4%
37.5%
21.4%
24.7%
13.1%
11 CASHLI
86
-7
-5
-19
67
49
15.9%
-13.9%
-2.0%
-22.2%
75.6%
56.6%
100.0%
-7.7%
-5.2%
-22.2%
78.1%
56.9%
12 OTHMA
1,014
9
211
135
163
496
151.4%
325.9%
235.2%
171.8%
85.0%
161.5%
100.0%
0.9%
20.8%
13.3%
16.1%
49.0%
13 OTHFIN
-22
1
-9
-31
-86
103
-4.7%
2.0%
-10.9%
-45.5%
-56.5%
79.8%
100.0%
-2.3%
41.7%
141.2%
398.6%
-478.7%
 
14 NFIN
17,673
1,608
5,865
1,396
3,449
5,357
86.9%
125.0%
83.7%
56.1%
83.1%
99.1%
100.0%
9.1%
33.2%
7.9%
19.5%
30.3%
15 VEHIC
810
234
421
47
70
48
72.9%
81.2%
76.8%
44.3%
59.9%
73.1%
100.0%
28.5%
51.3%
5.8%
8.6%
5.8%
16 HOUSES
9,861
1,341
4,425
1,085
1,732
1,279
106.6%
149.0%
86.0%
91.5%
123.4%
209.4%
100.0%
13.6%
44.9%
11.0%
17.6%
13.0%
17 ORESRE
2,105
14
326
216
760
789
127.3%
32.6%
65.0%
65.4%
164.6%
249.4%
100.0%
0.7%
15.5%
10.3%
36.1%
37.5%
18 NNRESRE
521
8
249
94
96
73
23.1%
69.8%
122.8%
42.9%
16.6%
5.9%
100.0%
1.6%
47.8%
18.0%
18.5%
14.1%
19 BUS
4,330
13
418
-13
718
3,194
78.6%
59.3%
85.4%
-2.3%
48.2%
108.7%
100.0%
0.3%
9.7%
-0.3%
16.6%
73.8%
20 OTHNFIN
36
-2
25
-34
73
-26
6.6%
-7.5%
21.4%
-44.9%
75.8%
-11.0%
100.0%
-4.7%
69.6%
-92.8%
200.3%
-72.4%
 
21 DEBT
5,295
1,310
2,470
384
674
457
148.6%
157.0%
134.6%
108.7%
194.0%
235.8%
100.0%
24.7%
46.7%
7.3%
12.7%
8.6%
22 MRTHEL
4,215
1,012
2,148
349
453
254
172.4%
199.1%
152.0%
144.4%
214.6%
358.5%
100.0%
24.0%
50.9%
8.3%
10.7%
6.0%
23 RESDBT
475
4
102
37
202
130
172.0%
24.0%
112.8%
62.4%
290.8%
328.3%
100.0%
0.9%
21.5%
7.7%
42.5%
27.4%
24 INSTALL
377
204
123
-6
7
48
63.4%
83.1%
47.6%
-16.8%
20.2%
219.6%
100.0%
54.1%
32.6%
-1.5%
1.9%
12.8%
25 OTHLOC
-2
2
9
-7
4
-11
-2.7%
42.9%
128.2%
-84.8%
78.2%
-25.9%
100.0%
-116.7%
-505.6%
372.2%
-238.9%
583.3%
26 CCBAL
166
79
76
5
5
2
165.7%
183.2%
154.0%
90.2%
192.9%
533.3%
100.0%
47.4%
45.6%
2.8%
3.3%
1.0%
27 ODEBT
64
10
13
-6
2
33
77.2%
62.5%
76.8%
79.5%
8.9%
161.7%
100.0%
15.0%
20.3%
9.1%
3.1%
52.4%
 
28 EQUITY
7,416
78
1,467
1,012
2,111
2,747
286.9%
192.4%
274.5%
330.0%
275.6%
293.0%
100.0%
1.1%
19.8%
13.6%
28.5%
37.0%
29 INCOME
2,341
529
897
173
429
313
41.9%
39.0%
39.4%
34.6%
62.4%
40.9%
100.0%
22.6%
38.3%
7.4%
18.3%
13.4%
 
31 STOCKS+NMMF
4,941
22
653
486
1,460
2,321
263.9%
104.7%
223.1%
220.1%
243.1%
315.3%
100.0%
0.5%
13.2%
9.8%
29.6%
47.0%
32 STOCKS+NMMF+RETQLIQ
9,768
184
2,462
1,518
2,652
2,954
257.2%
213.8%
229.9%
297.5%
238.8%
289.7%
100.0%
1.9%
25.2%
15.5%
27.2%
30.2%
 
33 STOCKS+BUS
6,656
17
581
220
1,329
4,509
96.5%
44.3%
82.1%
30.7%
69.0%
128.5%
100.0%
0.3%
8.7%
3.3%
20.0%
67.7%
34 STOCKS+BUS+NMMF
9,270
35
1,072
473
2,178
5,515
125.6%
82.0%
136.9%
59.6%
104.2%
150.1%
100.0%
0.4%
11.6%
5.1%
23.5%
59.5%
 
35 STOCKS+BUS+NNRESRE+NMMF
9,791
43
1,321
567
2,275
5,588
101.6%
79.4%
134.0%
56.0%
85.1%
113.8%
100.0%
0.4%
13.5%
5.8%
23.2%
57.1%
36 STOCKS+BUS+NNRESRE+NMMF+ ORES
11,896
57
1,647
783
3,035
6,377
105.4%
58.7%
110.7%
58.3%
96.8%
122.0%
100.0%
0.5%
13.8%
6.6%
25.5%
53.6%
37 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA
12,910
66
1,857
918
3,198
6,873
108.0%
65.9%
117.8%
64.6%
96.2%
124.2%
100.0%
0.5%
14.4%
7.1%
24.8%
53.2%
38 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS
13,127
64
1,820
853
3,201
7,192
102.1%
61.8%
110.5%
56.1%
89.2%
119.9%
100.0%
0.5%
13.9%
6.5%
24.4%
54.8%
39 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ 17,954 225 3,628 1,885 4,392 7,825   121.5% 134.4% 149.6% 104.1% 107.2% 124.6%   100.0% 1.3% 20.2% 10.5% 24.5% 43.6%
 
40 VEHIC+HOUSES
10,682
1,575
4,846
1,133
1,802
1,327
103.0%
132.6%
85.1%
87.6%
118.5%
196.2%
100.0%
14.7%
45.4%
10.6%
16.9%
12.4%
41 VEHIC+HOUSES-MRTHEL-INSTALL
6,090
359
2,575
789
1,342
1,025
83.0%
82.7%
64.0%
77.5%
105.4%
175.6%
100.0%
5.9%
42.3%
13.0%
22.0%
16.8%
42 VEHIC+HOUSES+RETQLIQ
15,508
1,736
6,655
2,164
2,994
1,960
126.1%
138.6%
102.8%
136.8%
147.4%
204.2%
100.0%
11.2%
42.9%
14.0%
19.3%
12.6%
43 VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ
10,916
521
4,384
1,821
2,533
1,658
117.9%
104.3%
91.3%
139.3%
142.1%
191.2%
100.0%
4.8%
40.2%
16.7%
23.2%
15.2%
 
44 HOUSES minus MRTHEL
5,647
329
2,278
736
1,279
1,025
83.0%
84.0%
61.0%
78.0%
107.3%
189.8%
100.0%
5.8%
40.3%
13.0%
22.6%
18.2%
 
45 NFIN other than HOUSES & VEHIC
6,991
33
1,019
263
1,647
4,030
70.2%
33.6%
77.6%
22.0%
62.7%
85.2%
100.0%
0.5%
14.6%
3.8%
23.6%
57.6%
46 FIN other than RETQLIQ
7,192
56
1,129
608
1,933
3,466
100.5%
22.7%
64.0%
64.1%
101.0%
152.0%
100.0%
0.8%
15.7%
8.5%
26.9%
48.2%
 
47 NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL
18,307
156
3,756
1,862
4,558
7,974
98.9%
47.5%
101.8%
79.0%
92.0%
110.9%
100.0%
0.9%
20.5%
10.2%
24.9%
43.6%
48 NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL
13,481
-5
1,948
831
3,367
7,341
81.2%
-2.0%
66.9%
40.2%
75.8%
106.3%
100.0%
-0.0%
14.4%
6.2%
25.0%
54.5%
 
49 LIQ+CDS+SAVBNDS
956
33
316
101
326
179
35.2%
22.7%
31.7%
25.5%
52.6%
32.1%
100.0%
3.5%
33.1%
10.6%
34.1%
18.7%
50 BOND+STOCKS+OTHMA+NMMF
6,172
29
826
556
1,626
3,137
179.4%
107.0%
182.8%
139.3%
154.3%
208.1%
100.0%
0.5%
13.4%
9.0%
26.3%
50.8%
51 CASHLI+OTHFIN
64
-6
-14
-50
-19
152
6.5%
-8.4%
-4.3%
-32.4%
-7.9%
70.5%
100.0%
-9.5%
-21.0%
-77.1%
-29.5%
236.9%
 
52 HOUSES+ORESRE
11,967
1,355
4,751
1,301
2,492
2,068
109.8%
143.7%
84.1%
85.8%
133.6%
223.0%
100.0%
11.3%
39.7%
10.9%
20.8%
17.3%
53 NNRESRE+BUS
4,850
21
667
81
814
3,267
62.5%
63.0%
96.4%
10.2%
39.3%
78.3%
100.0%
0.4%
13.8%
1.7%
16.8%
67.4%
 
54 MRTHEL+RESDEBT
4,690
1,016
2,250
386
655
384
172.4%
193.1%
149.6%
128.3%
233.5%
347.6%
100.0%
21.7%
48.0%
8.2%
14.0%
8.2%
55 INSTALL+OTHLOC+ODEBT
438
215
145
-6
14
71
59.1%
81.2%
51.3%
-13.4%
21.2%
85.4%
100.0%
49.1%
33.1%
-1.5%
3.1%
16.2%
 
56 "all other assets" (exc VEHIC, HOUSES & RETQLIQ)
1,056
26
328
18
380
303
24.8%
10.5%
22.9%
2.9%
39.7%
30.0%
100.0%
2.4%
31.0%
1.7%
35.9%
28.7%
57 "all other debts" (except MRTHEL & INSTALL
703
95
200
40
214
154
134.0%
116.8%
122.2%
51.1%
213.3%
152.9%
100.0%
13.5%
28.4%
5.8%
30.4%
22.0%
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

 

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Table W50-5 Ownership Rates, by Networth Quantile - nonadditive - 1989, 2004 and Point Change
Note: These ownership rates shown are as reported in Currents and Undercurrents. Column 1 is, in effect, a weighted average of columns 2 through 6. The same data is displayed differently in Table W50-6.

   
1989
2004
 
Point Change
   
Total
Quantiles of Net Worth
Total
Quantiles of Net Worth
 
Total
Quantiles of Net Worth
   
B50
N40
N5
N4
T1
B50
N40
N5
N4
T1
 
B50
N40
N5
N4
T1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
02 ASSET
94.7%
89.3%
100.0%
100.0%
100.0%
100.0%
97.9%
95.9%
100.0%
100.0%
100.0%
100.0%
+3.2
+6.6
nc
nc
nc
nc
 
03 FIN
88.9
78.8
98.7
100.0
100.0
100.0
93.8
87.9
99.6
100.0
100.0
100.0
+4.9
+9.1
+.9
nc
nc
nc
04 LIQ
85.6
73.0
97.7
100.0
100.0
100.0
91.3
83.8
98.6
100.0
100.0
100.0
+5.7
+10.8
+.9
nc
nc
nc
05 CDS
19.9
7.7
28.9
43.5
48.3
32.5
12.7
4.4
19.0
29.9
28.7
26.3
-7.2
-3.3
-9.9
-13.6
-19.6
-6.2
06 SAVBND
23.9
14.1
33.8
35.6
34.3
18.2
17.6
9.7
24.8
29.1
30.0
17.8
-6.3
-4.4
9.0
-6.5
-4.3
-0.4
07 BOND
5.7
0.7
5.9
21.1
37.2
45.8
1.8
0.1
1.3
7.4
15.2
30.6
-3.9
-0.6
-4.6
-13.7
-22.0
-15.2
08 STOCKS
16.9
5.6
21.3
46.2
62.4
72.7
20.7
6.5
27.8
56.3
68.8
69.6
+3.8
+0.9
+6.5
+10.1
+6.4
-3.1
09 NMMF
7.3
1.6
8.8
25.9
31.4
39.3
15.0
4.6
20.0
39.5
57.3
44.9
+7.7
+3.0
+11.2
+13.6
+25.9
+5.6
10 RETQLIQ
37.0
18.8
51.5
67.3
72.6
71.6
49.7
28.7
67.7
80.3
84.4
82.7
+12.7
+9.9
+16.2
+13.0
+11.8
+11.1
11 CASHLI
35.5
21.0
47.3
58.9
62.6
64.8
24.2
13.5
32.6
43.6
42.4
48.1
-11.3
-7.5
-14.7
-15.3
-20.2
-16.7
12 OTHMA
3.7
0.7
5.0
9.9
14.9
26.6
7.3
1.2
11.5
19.7
20.7
26.3
+3.6
+0.5
+6.5
+9.8
+5.8
-0.3
13 OTHFIN
13.8
12.4
12.2
26.8
25.6
32.1
9.9
8.2
10.5
14.1
16.2
28.2
-3.9
-4.2
-1.7
-12.7
-9.4
-3.9
 
14 NFIN
89.2
78.9
99.5
100.0
99.9
99.3
92.5
85.6
99.3
99.9
100.0
100.0
+3.3
+6.7
-0.2
-0.1
+0.1
+0.7
15 VEHIC
83.8
72.9
94.8
94.2
94.5
90.7
86.3
79.5
93.3
94.7
90.8
94.2
+2.5
+6.6
-1.5
+0.5
-3.7
+3.5
16 HOUSES
63.9
34.9
92.9
93.6
92.3
86.5
69.1
43.3
94.3
97.3
96.3
97.5
+5.2
+8.4
+1.4
+3.7
+4.0
+11.0
17 ORESRE
13.2
3.3
17.7
37.3
49.4
62.7
12.5
2.7
16.5
37.6
51.4
64.7
-0.7
-0.6
-1.2
+0.3
+2.0
+2.0
18 NNRESRE
11.1
3.1
14.8
28.1
42.4
54.7
8.3
2.1
10.9
24.9
27.9
49.7
-2.8
-1.0
-3.9
-3.2
-14.5
-5.0
19 BUS
11.7
3.4
13.1
34.9
55.2
72.8
11.5
3.2
14.5
30.6
45.3
72.1
-0.2
-0.2
+1.4
-4.3
-9.9
-0.7
20 OTHNFIN
12.4
7.0
14.9
28.6
28.0
41.9
7.8
4.2
9.6
13.3
23.5
27.8
-4.6
-2.8
-5.3
-15.3
-4.5
-14.1
 
21 DEBT
72.3
69.4
76.6
67.9
71.3
65.3
76.4
74.4
80.0
74.8
70.6
67.9
+4.1
+5.0
+3.4
+6.9
-0.7
+2.6
22 MRTHEL
39.5
22.5
58.5
51.1
47.1
36.0
47.9
32.7
64.3
60.7
56.8
51.5
+8.4
+10.2
+5.8
+9.6
+9.7
+15.5
23 RESDBT
5.2
1.2
6.4
17.2
23.0
21.7
4.0
0.7
5.0
11.5
21.1
23.1
-1.2
-0.5
-1.4
-5.7
-1.9
+1.4
24 INSTALL
49.4
53.7
48.2
33.5
34.8
17.9
46.0
50.0
45.7
28.5
25.3
26.1
-3.4
-3.7
-2.5
-5.0
-9.5
+8.2
25 OTHLOC
3.2
3.4
2.6
3.4
5.0
6.6
1.6
1.5
1.7
0.3
2.1
4.1
-1.6
-1.9
-0.9
-3.1
-2.9
-2.5
26 CCBAL
39.7
37.9
46.9
23.7
16.0
14.8
46.2
49.2
48.2
25.9
22.6
13.3
+6.5
+11.3
+1.3
+2.2
+6.6
-1.5
27 ODEBT
6.7
5.6
6.5
9.2
16.9
14.6
7.6
7.8
7.1
8.7
8.8
11.6
+0.9
+2.2
-0.6
-0.5
-8.1
-3.0
 
28 EQUITY
31.8
13.9
43.1
69.9
79.3
86.8
48.6
25.8
66.5
87.8
93.3
93.3
+16.8
+11.9
+23.4
+17.9
+14.0
+6.5
 
49 LIQ+CDS+SAVBNDS
91.9
84.6
99.0
50 BOND+STOCKS+OTHMA+NMMF
32.1
11.6
45.0
51 CASHLI+OTHFIN
24.2
13.5
32.6
 
52 HOUSES+ORESRE
69.1
43.3
94.3
53 NNRESRE+BUS
17.5
5.2
23.4
 
54 MRTHEL+RESDEBT
48.9
33.0
65.3
55 INSTALL+OTHLOC+ODEBT
49.8
53.7
48.9
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

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Table W50-6 Ownership Rates by Networth Quantile - additive - 1989 and 2004
Note: these ownership rates are calculated from the corresponding cells in Table W50-5 by multiplying the incidence rate by the size of the quantile. Columns 1 is the sum of columns 2 through 6. They are used to generate the data in Table W50-6.

   
1989
2004
 
   
Total
Quantiles of Net Worth
Total
Quantiles of Net Worth
 
   
B50
N40
N5
N4
T1
B50
N40
N5
N4
T1
 
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
02 ASSET
94.7%
44.7%
40.0%
5.0%
4.0%
1.0%
97.9%
48.0%
40.0%
5.0%
4.0%
1.0%
 
03 FIN
88.9
39.4
39.5
5.0
4.0
1.0
93.8
44.0
39.8
5.0
4.0
1.0
04 LIQ
85.6
36.5
39.1
5.0
4.0
1.0
91.3
41.9
39.4
5.0
4.0
1.0
05 CDS
19.9
3.9
11.6
2.2
1.9
0.3
12.7
2.2
7.6
1.5
1.1
0.3
06 SAVBND
23.9
7.1
13.5
1.8
1.4
0.2
17.6
4.9
9.9
1.5
1.2
0.2
07 BOND
5.7
0.4
2.4
1.1
1.5
0.5
1.8
0.1
0.5
0.4
0.6
0.3
08 STOCKS
16.9
2.8
8.5
2.3
2.5
0.7
20.7
3.3
11.1
2.8
2.8
0.7
09 NMMF
7.3
0.8
3.5
1.3
1.3
0.4
15.0
2.3
8.0
2.0
2.3
0.4
10 RETQLIQ
37.0
9.4
20.6
3.4
2.9
0.7
49.7
14.4
27.1
4.0
3.4
0.8
11 CASHLI
35.5
10.5
18.9
2.9
2.5
0.6
24.2
6.8
13.0
2.2
1.7
0.5
12 OTHMA
3.7
0.4
2.0
0.5
0.6
0.3
7.3
0.6
4.6
1.0
0.8
0.3
13 OTHFIN
13.8
6.2
4.9
1.3
1.0
0.3
9.9
4.1
4.2
0.7
0.6
0.3
 
14 NFIN
89.2
39.5
39.8
5.0
4.0
1.0
92.5
42.8
39.7
5.0
4.0
1.0
15 VEHIC
83.8
36.5
37.9
4.7
3.8
0.9
86.3
39.8
37.3
4.7
3.6
0.9
16 HOUSES
63.9
17.5
37.2
4.7
3.7
0.9
69.1
21.7
37.7
4.9
3.9
1.0
17 ORESRE
13.2
1.7
7.1
1.9
2.0
0.6
12.5
1.4
6.6
1.9
2.1
0.6
18 NNRESRE
11.1
1.6
5.9
1.4
1.7
0.5
8.3
1.1
4.4
1.2
1.1
0.5
19 BUS
11.7
1.7
5.2
1.7
2.2
0.7
11.5
1.6
5.8
1.5
1.8
0.7
20 OTHNFIN
12.4
3.5
6.0
1.4
1.1
0.4
7.8
2.1
3.8
0.7
0.9
0.5
 
21 DEBT
72.3
34.7
30.6
3.4
2.9
0.7
76.4
37.2
32.0
3.7
2.8
0.7
22 MRTHEL
39.5
11.3
23.4
2.6
1.9
0.4
47.9
16.4
25.7
3.0
2.3
0.5
23 RESDBT
5.2
0.6
2.6
0.9
0.9
0.2
4.0
0.4
2.0
0.6
0.8
0.2
24 INSTALL
49.4
26.9
19.3
1.7
1.4
0.2
46.0
25.0
18.3
1.4
1.0
0.3
25 OTHLOC
3.2
1.7
1.0
0.2
0.2
0.1
1.6
0.8
0.7
0.0
0.1
0.0
26 CCBAL
39.7
19.0
18.8
1.2
0.6
0.1
46.2
24.6
19.3
1.3
0.9
0.1
27 ODEBT
6.7
2.8
2.6
0.5
0.7
0.1
7.6
3.9
2.8
0.4
0.4
0.1
 
28 EQUITY
31.8
7.0
17.2
3.5
3.2
0.9
48.6
12.9
26.6
4.4
3.7
0.9
 
49 LIQ+CDS+SAVBNDS
91.9
42.3
39.6
50 BOND+STOCKS+OTHMA+NMMF
32.1
5.8
18.0
51 CASHLI+OTHFIN
24.2
6.8
13.0
 
52 HOUSES+ORESRE
69.1
21.7
37.7
53 NNRESRE+BUS
17.5
2.6
9.4
 
54 MRTHEL+RESDEBT
48.9
16.5
26.1
55 INSTALL+OTHLOC+ODEBT
49.8
26.9
19.6
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

 

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Table W50-7 Holdings per 1% who hold, by Networth Quantile — 1989 and 2004
This table is calculated by dividing the dollar holdings from Table W50-1 by the Ownership Rates (additive) in Table W50-6. Data can be compared up and down any single column and across quantiles in a single year. However, caution should be used in making year-to-year comparisons, because the household population increased 20.5% between 1989 and 2004, and this data relates to the holdings per 1% of the household population. In other words, if holdings per 1% who hold increased by only 20%, then that quantile's average holdings-per-household actually decreased. Table W50-8 looks at the year to year changes.

   
1989
2004
   
Total
Quantiles of Net Worth
Total
Quantiles of Net Worth
   
B50
N40
N5
N4
T1
B50
N40
N5
N4
T1
01 NETWORTH
02 ASSET
311
36
239
745
1,643
7,969
604
71
459
1,353
3,287
17,425
 
03 FIN
102
8
64
248
606
2,564
225
12
138
576
1,387
6,663
04 LIQ
20
3
14
44
91
457
30
4
23
62
187
642
05 CDS
45
10
34
68
118
278
61
8
43
112
152
341
06 SAVBND
6
1
5
14
19
53
6
2
6
12
19
25
07 BOND
158
8
29
95
176
1,013
620
12
62
94
435
2,559
08 STOCKS
82
6
26
62
174
788
179
7
34
133
380
2,713
09 NMMF
67
6
21
61
133
415
207
10
71
168
443
2,603
10 RETQLIQ
52
7
38
86
176
396
136
16
96
329
504
1,109
11 CASHLI
15
5
12
29
35
133
26
6
17
31
92
281
12 OTHMA
181
8
45
159
321
1,155
231
19
65
217
428
3,056
13 OTHFIN
33
4
17
50
149
404
44
6
18
52
102
826
 
14 NFIN
228
33
176
498
1,038
5,443
411
68
324
778
1,899
10,762
15 VEHIC
13
8
14
23
31
72
23
13
26
33
52
120
16 HOUSES
145
52
139
253
380
706
277
103
254
467
814
1,938
17 ORESRE
125
26
71
177
234
504
301
42
125
290
594
1,708
18 NNRESRE
203
7
34
156
343
2,263
334
19
104
251
607
2,638
19 BUS
471
13
93
328
675
4,034
856
21
157
366
1,219
8,503
20 OTHNFIN
44
6
20
52
85
568
75
10
37
62
179
763
 
21 DEBT
49
24
60
104
122
296
116
58
135
197
362
957
22 MRTHEL
62
45
60
95
112
197
139
93
138
195
292
630
23 RESDBT
53
30
35
68
75
182
188
63
96
166
321
734
24 INSTALL
12
9
13
20
26
122
21
18
21
19
43
268
25 OTHLOC
21
3
7
46
28
614
40
9
24
80
117
732
26 CCBAL
3
2
3
4
4
2
6
5
6
7
9
14
27 ODEBT
12
5
6
16
33
141
19
6
10
30
69
465
 
28 EQUITY
81
6
31
88
242
1,080
206
9
75
300
771
3,949
29 INCOME*
56
27
57
100
172
767
79
38
79
134
279
1,080
 
44 HOUSES minus MRTHEL**
106
22
101
202
323

624

180
33
159
345
642
1,606
** use with caution, because it ignores the difference in incidence between ownership of HOUSES and holding of MRTHEL, using just the incidence level for HOUSES.
49 LIQ+CDS+SAVBNDS  
40
4
33
50 BOND+STOCKS+OTHMA+NMMF  
299
10
71
51 CASHLI+OTHFIN  
44
10
23
 
52 HOUSES+ORESRE  
331
106
276
53 NNRESRE+BUS  
721
21
145
 
54 MRTHEL+RESDEBT  
152
93
144
55 INSTALL+OTHLOC+ODEBT  
24
18
22
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11
*calculations assume that all households have income.

 

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Table W50-8 Holdings per 1% who hold - Change and Percent Change, 1989-2004, by Networth Quantile
Note: As described in Table W50-7, because the household population increased by 20.5% between 1989 and 2004, an increase of less than 20.5% in columns 7 through 12 represents a decrease in the average holdings per holding household within that quantile. This table is generated from Table W50-7.

   
Change in Holdings per 1% Who Hold, 1989-2004
% Change in Holdings per 1% who hold, 1989-2004*
   
Total
Quantiles of Net Worth
Total
Quantiles of Net Worth
   
B50
N40
N5
N4
T1
B50
N40
N5
N4
T1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
02 ASSET
293
36
220
607
1,643
9,455
94.4%
99.5%
92.2%
81.4%
100.0%
118.6%
 
03 FIN
123
4
73
328
781
4,099
120.2%
52.3%
113.6%
132.4%
128.9%
159.9%
04 LIQ
11
1
10
18
96
185
54.4%
30.1%
69.2%
40.4%
104.9%
40.4%
05 CDS
16
-1
10
44
34
63
36.4%
-14.2%
28.2%
64.2%
28.5%
22.6%
06 SAVBND
1
1
1
-2
0
-28
15.2%
80.9%
23.7%
-15.4%
-1.4%
-52.6%
07 BOND
462
4
32
0
259
1,547
293.3%
44.8%
108.7%
-0.5%
147.4%
152.7%
08 STOCKS
97
0
9
72
206
1,924
118.7%
7.9%
33.7%
116.4%
118.3%
244.1%
09 NMMF
140
4
49
107
311
2,188
210.2%
77.9%
235.1%
176.6%
234.4%
527.6%
10 RETQLIQ
84
9
58
243
328
712
161.1%
129.2%
152.9%
282.6%
187.1%
179.8%
11 CASHLI
11
2
5
2
56
148
70.1%
33.9%
42.3%
5.2%
159.3%
111.0%
12 OTHMA
50
11
20
58
107
1,901
27.4%
148.5%
45.7%
36.6%
33.2%
164.5%
13 OTHFIN
11
2
1
2
-47
423
32.8%
54.2%
3.5%
3.5%
-31.3%
104.6%
 
14 NFIN
183
35
148
280
861
5,319
80.2%
107.4%
84.1%
56.2%
82.9%
97.7%
15 VEHIC
9
5
12
10
21
48
67.8%
66.1%
79.7%
43.6%
66.4%
66.7%
16 HOUSES
132
52
115
213
434
1,232
91.1%
100.7%
83.2%
84.3%
114.1%
174.5%
17 ORESRE
175
16
55
113
361
1,203
140.1%
62.0%
77.0%
64.1%
154.3%
238.6%
18 NNRESRE
131
11
69
95
264
375
64.7%
150.7%
202.6%
61.3%
77.2%
16.6%
19 BUS
385
9
63
38
544
4,469
81.7%
69.3%
67.5%
11.5%
80.6%
110.8%
20 OTHNFIN
31
3
17
10
93
194
69.5%
54.1%
88.4%
18.4%
109.5%
34.1%
 
21 DEBT
67
34
75
93
240
661
135.2%
139.7%
124.7%
89.4%
196.9%
222.9%
22 MRTHEL
77
48
78
100
180
434
124.6%
105.8%
129.3%
105.7%
160.9%
220.5%
23 RESDBT
135
34
61
98
246
552
253.6%
112.6%
172.4%
142.9%
326.0%
302.3%
24 INSTALL
9
9
7
0
17
146
75.5%
96.7%
55.7%
-2.2%
65.3%
119.2%
25 OTHLOC
20
6
17
34
89
118
94.5%
223.8%
249.0%
72.2%
324.2%
19.2%
26 CCBAL
3
3
4
3
5
12
128.3%
118.2%
147.1%
74.0%
107.3%
604.8%
27 ODEBT
7
1
4
14
36
324
56.2%
16.7%
61.8%
89.8%
109.2%
229.3%
 
28 EQUITY
125
3
44
213
530
2,869
153.1%
57.5%
142.7%
242.3%
219.2%
265.7%
29 INCOME*
23
11
19
34
107
313
41.1%
40.7%
33.3%
34.0%
62.0%
40.8%
   
44 HOUSES minus MRTHEL**
74
11
58
143
319
982
69.8%
50.0%
57.4%
98.8%
157.4%
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11
*calculations assume that all households have income.

 

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