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Wealth Tables 90-9-1

Quantiles: Networth Distribution: Bottom 90%, 90th to 99th and Top 1% (90-9-1)
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 detailed quantiles, see parallel tables at Wealth Tables 50-40-5-4-1
Definitions of Assets: Click on the link in the table, or here.

Guided tour

Tables:
Table W90-1 Dollar Holdings and change, by Networth Quantile — 1989 and 2004
Table W90-2 Corner Percentages: Each Quantile's Share of Aggregate Networth, 1989 and 2004
Table W90-3 Wealth Shares and Percent Change by Networth Quantile — 1989 and 2004
Table W90-4: Dollar Change, Percent Chg and Shares of Dollar Change, by Networth Quantile
Table W90-5 Ownership Rates, by Networth Quantile - nonadditive - 1989, 2004 and Point Change
Table W90-6 Ownership Rates by Networth Quantile - additive - 1989 and 2004
Table W90-7 Holdings per 1% who hold, by Networth Quantile — 1989 and 2004
Table W90-8 Holdings per 1% who hold - Change and Percent Change, by Networth Quantile, 1989 and 2004
Table W90-9 Changes in Ownership and Holdings per 1% who hold, 1989-2004, by Networth Quantile

Table W90-1 Dollar Holdings and change, by Networth Quantile — 1989 and 2004 comments
Note: Table W90-4 shows the percent change and shares of year to year change for each networth quantile. Networth quantiles are the the Bottom 90%, Next 9% and Top 1%. Table W50-1 provides similar information for the Bottom 50% (0 to 50th percentile), Next 40% (50th to 90th percentile), Next 5% (90th to 95th percentile) and Next 4% (95th to 99th percentile).
   
1989
2004
  
Change
   
Total
Quantiles of Net Worth
Total
Quantiles of Net Worth
   Total
Quantiles of Net Worth
   
B90
N9
T1
B90
N9
T1
  
B90
N9
T1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
01 NETWORTH
25,854
8,478
9,600
7,776
50,251
15,325
18,152
16,774
24,397
6,847
8,551
8,999
02 ASSET
29,417
11,147
10,301
7,969
59,108
21,774
19,910
17,425
29,692
10,627
9,609
9,455
 
03 FIN
9,079
2,853
3,663
2,564
21,098
6,008
8,428
6,663
12,019
3,155
4,765
4,099
04 LIQ
1,688
643
588
457
2,780
1,077
1,061
642
1,092
434
473
185
05 CDS
896
429
377
90
780
349
342
90
-116
-80
-35
-1
06 SAVBND
134
73
52
10
114
69
40
5
-20
-4
-11
-5
07 BOND
898
73
361
464
1,115
33
299
783
217
-40
-62
319
08 STOCKS
1,385
236
577
573
3,711
403
1,420
1,888
2,326
167
844
1,315
09 NMMF
487
79
245
163
3,101
587
1,348
1,169
2,615
508
1,103
1,006
10 RETQLIQ
1,926
843
799
284
6,752
2,813
3,023
917
4,827
1,970
2,223
633
11 CASHLI
539
278
175
86
625
267
223
135
86
-11
48
49
12 OTHMA
670
92
270
307
1,684
312
568
804
1,014
219
298
496
13 OTHFIN
457
108
219
130
435
99
103
233
-21.6
-9
-117
103
 
14 NFIN
20,338
8,294
6,638
5,405
38,011
15,767
11,483
10,762
17,673
7,472
4,845
5,357
15 VEHIC
1,125
836
224
65
1,945
1,490
342
113
820
655
118
48
16 HOUSES
9,248
6,048
2,589
611
19,110
11,814
5,406
1,890
9,862
5,766
2,817
1,279
17 ORESRE
1,653
545
792
316
3,758
885
1,768
1,105
2,105
340
976
789
18 NNRESRE
2,252
214
800
1,238
2,772
471
990
1,311
521
257
190
73
19 BUS
5,511
511
2,063
2,937
9,841
942
2,768
6,131
4,330
431
705
3,194
20 OTHNFIN
549
140
170
238
585
164
209
212
36
24
39
-26
 
21 DEBT
3,564
2,669
701
194
8,858
6,450
1,758
650
5,295
3,780
1,058
457
22 MRTHEL
2,445
1,921
453
71
6,660
5,081
1,255
325
4,215
3,160
802
254
23 RESDBT
276
108
128
40
751
215
367
170
475
106
239
130
24 INSTALL
594
504
69
22
971
830
71
70
377
327
2
48
25 OTHLOC
66
12
13
41
64
23
11
30
-2
11
-2
-11
26 CCBAL
100
92
8
*
266
246
18
2
166
154
10
2
27 ODEBT
82
32
30
20.6
146
54
38
54
64
22
8
33
 
28 EQUITY
2,585
575
1,073
937
10,002
2,121
4,197
3,684
7,416
1,545
3,124
2,747
29 INCOME
5,589
3,636
1,187
767
7,930
5,062
1,789
1,080
2,341
1,426
602
313
 
31 STOCKS+NMMF
1,872
314
822
736
6,813
990
2,768
3,057
4,941
676
1,946
2,321
32 STOCKS+NMMF+RETQLIQ
3,798
1,157
1,621
1,020
13,565
3,803
5,791
3,974
9,768
2,646
4,170
2,954
 
33 STOCKS+BUS
6,897
747
2,640
3,510
13,552
1,345
4,188
8,019
6,656
598
1,549
4,509
34 STOCKS+BUS+NMMF
7,383
825
2,885
3,673
16,654
1,932
5,536
9,188
9,271
1,107
2,651
5,515
 
35 STOCKS+BUS+NNRESRE+NMMF
9,635
1,040
3,685
4,911
19,426
2,403
6,526
10,499
9,791
1,364
2,842
5,588
36 STOCKS+BUS+NNRESRE+NMMF+ ORES
11,288
1,585
4,477
5,227
23,936
3,288
8,294
11,604
11,986
1,704
3,818
6,377
37 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA
11,958
1,677
4,747
5,534
24,868
3,600
8,863
12,407
12,910
1,923
4,116
6,873
38 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS
12,856
1,749
5,108
5,998
25,983
3,633
9,162
13,190
13,127
1,883
4,054
7,192
39 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ
14,781
2,592
5,907
6,282
32,735
6,446
12,184
14,107
17,954
3,854
6,277
7,825
 
40 VEHIC+HOUSES
10,373
6,884
2,813
676
21,055
13,304
5,747
2,003
10,682
6,421
2,935
1,327
41 VEHIC+HOUSES-MRTHEL-INSTALL
7,334
4,459
2,291
584
13,423
7,393
4,422
1,609
6,090
2,934
2,131
1.025
42 VEHIC+HOUSES+RETQLIQ
12,299
7,726
3,612
960
27,807
16,117
8,770
2,920
15,508
8,391
5,158
1,960
43 VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ
9,259
5,302
3,090
867
20,176
10,206
7,445
2,525
10,916
4,905
4,354
1,658
 
44 HOUSES minus MRTHEL
6,803
4,127
2,136
540
12,449
6,733
4,151
1,565
5,647
2,606
2,015
1,025
 
45 NFIN other than HOUSES & VEHIC
9,965
1,411
3,825
4,729
16,957
2,463
5,735
8,759
6,991
1,052
1,910
4,030
46 FIN other than RETQLIQ
7,154
2010
2,864
2,280
14,345
3,194
5,405
5,746
7,192
1,185
2,541
3,465
 
47 NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL
18,520
4,019
7,309
7,192
36,827
7,932
13,730
15,166
18,307
3,913
6,421
7,974
48 NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL
16,594
3,176
6,510
6,908
30,075
5,119
10,707
14,249
13,481
1,942
4,197
7,341
 
49 LIQ+CDS+SAVBNDS
2,718
1,145
1,016
557
3,674
1,494
1,444
736
956
350
427
179
50 BOND+STOCKS+OTHMA+NMMF
3,440
479
1,453
1,507
9,614
1,334
3,636
4,644
6,172
855
2,183
3,137
51 CASHLI+OTHFIN
996
386
394
216
1,060
366
326
368
64
-20
-69
152
 
52 HOUSES+ORESRE
10,901
6,593
3,381
927
22,867
12,699
7,174
2,995
11,967
6,106
3,793
2,068
53 NNRESRE+BUS
7,763
725
2,863
4,175
12,614
1,414
3,758
7,442
4,850
688
895
3,267
 
54 MRTHEL+RESDEBT
2,721
2,030
581
110
7,511
5,296
1,621
494
4,690
3,266
1,040
384
55 INSTALL+OTHLOC+ODEBT
742
548
112
83
1,181
908
119
154
438
360
7
71
 
56 "all other assets" (exc lines 37 and 41)
4,263
1,671
1,581
1,011
5,319
2,024
1,978
1,314
1,056
353
398
303
57 "all other debts" (except MRTHEL & INSTALL
524
244
179
101
1,227
538
433
255
703
294
254
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 W90-2 Corner Percentages: Each Quantile's Share of Aggregate Networth, 1989 and 2004 comments
Note: This table is calculated from Table W90-1. For each year, the dollars in each cell in Table W90-1 are divided by the total Networth figure in Row 01, column 1 or 5. Columns 1 and 5 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
   
B90
N9
T1
B90
N9
T1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
01 NETWORTH
100.0%
32.79%
37.13%
30.08%
100.0%
30.50%
36.12%
33.38%
02 ASSET
113.8%
43.12%
39.84%
30.82%
117.6%
43.33%
39.62%
34.68%
 
03 FIN
35.1%
11.03%
14.17%
9.92%
42.0%
11.96%
16.77%
13.26%
04 LIQ
6.5%
2.49%
2.27%
1.77%
5.5%
2.14%
2.11%
1.28%
05 CDS
3.5%
1.66%
1.46%
0.35%
1.6%
0.69%
0.68%
0.18%
06 SAVBND
0.5%
0.28%
0.20%
0.04%
0.2%
0.14%
0.08%
0.01%
07 BOND
3.5%
0.28%
1.40%
1.79%
2.2%
0.06%
0.60%
1.56%
08 STOCKS
5.4%
0.91%
2.23%
2.22%
7.4%
0.80%
2.83%
3.76%
09 NMMF
1.9%
0.30%
0.95%
0.63%
6.2%
1.17%
2.68%
2.33%
10 RETQLIQ
7.4%
3.26%
3.09%
1.10%
13.4%
5.60%
6.01%
1.82%
11 CASHLI
2.1%
1.08%
0.68%
0.33%
1.2%
0.53%
0.44%
0.27%
12 OTHMA
2.6%
0.36%
1.05%
1.19%
3.4%
0.62%
1.13%
1.60%
13 OTHFIN
1.8%
0.42%
0.85%
0.50%
0.9%
0.20%
0.20%
0.46%
 
14 NFIN
78.7%
32.08%
25.68%
20.91%
75.6%
31.38%
22.85%
21.42%
15 VEHIC
4.4%
3.23%
0.87%
0.25%
3.9%
2.97%
0.68%
0.23%
16 HOUSES
35.8%
23.39%
10.01%
2.36%
38.0%
23.51%
10.76%
3.76%
17 ORESRE
6.4%
2.11%
3.06%
1.22%
7.5%
1.76%
3.52%
2.20%
18 NNRESRE
8.7%
0.83%
3.09%
4.79%
5.5%
0.94%
1.97%
2.61%
19 BUS
21.3%
1.98%
7.98%
11.36%
19.6%
1.88%
5.51%
12.20%
20 OTHNFIN
2.1%
0.54%
0.66%
0.92%
1.2%
0.33%
0.42%
0.42%
 
21 DEBT
13.8%
10.32%
2.71%
0.75%
17.6%
12.83%
3.50%
1.29%
22 MRTHEL
9.5%
7.43%
1.75%
0.27%
13.3%
10.11%
2.50%
0.65%
23 RESDBT
1.1%
0.42%
0.50%
0.15%
1.5%
0.43%
0.73%
0.34%
24 INSTALL
2.3%
1.95%
0.27%
0.08%
1.9%
1.65%
0,14%
0.14%
25 OTHLOC
0.3%
0.05%
0.05%
0.16%
0.1%
0.05%
0.02%
0.06%
26 CCBAL
0.4%
0.36%
0.03%
0.00%
0.5%
0.49%
0.04%
0.00%
27 ODEBT
0.3%
0.12%
0.11%
0.08%
0.3%
0.11%
0.07%
0.11%
 
28 EQUITY
10.0%
2.22%
4.15%
3.63%
19.9%
4.22%
8.35%
7.33%
 
31 STOCKS+NMMF
7.2%
1.22%
3.18%
2.85%
13.6%
1.97%
5.51%
6.08%
32 STOCKS+NMMF+RETQLIQ
14.7%
4.48%
6.27%
3.94%
27.0%
7.57%
11.52%
7.91%
 
33 STOCKS+BUS
26.7%
2.89%
10.21%
13.58%
27.0%
2.68%
8.33%
15.96%
34 STOCKS+BUS+NMMF
28.6%
3.19%
11.16%
14.21%
33.1%
3.84%
11.02%
18.28%
 
35 STOCKS+BUS+NNRESRE+NMMF
37.3%
4.02%
14.25%
18.99%
38.7%
4.78%
12.99%
20.89%
36 STOCKS+BUS+NNRESRE+NMMF+ ORES
43.7%
6.13%
17.31%
20.22%
46.1%
6.54%
16.51%
23.09%
37 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA
46.3%
6.49%
18.36%
21.41%
49.5%
7.16%
17.64%
24.69%
38 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS
49.7%
6.77%
19.76%
23.20%
51.7%
7.23%
18.23%
26.25%
39 STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ
57.2%
10.03%
22.85%
24.30%
65.14%
12.83%
24.25%
28.07%
 
40 VEHIC+HOUSES
40.1%
26.62%
10.88%
2.62%
41.9%
26.48%
11.44%
3.99%
41 VEHIC+HOUSES-MRTHEL-INSTALL
28.4%
17.25%
8.86%
2.26%
26.7%
14.71%
8.80^
3.20%
42 VEHIC+HOUSES+RETQLIQ
47.6%
29.89%
13.97%
3.71%
55.3%
32.07%
17.45%
5.81%
43 VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ
35.8%
20.51%
11.95%
3.35%
40.1%
20.31%
14.81%
5.03%
 
44 HOUSES minus MRTHEL
26.3%
15.96%
8.26%
2.09%
24.8%
13.40%
8.26%
3.12%
 
45 NFIN other than HOUSES & VEHIC
38.5%
5.46%
14.80%
18.29%
33.7%
4.90%
11.41%
17.43%
46 FIN other than RETQLIQ
27.7%
7.77%
11.08%
8.82%
28.5%
6.36%
10.76%
11.43%
 
47 NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL
71.6%
15.55%
28.27%
27.82%
73.3%
15.78%
27.32%
30.18%
48 NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL
64.2%
12.29%
25.18%
26.72%
59.9%
10.19%
21.31%
28.36%
 
49 LIQ+CDS+SAVBNDS
10.5%
4.43%
3.93%
2.15%
7.3%
2.97%
2.87%
1.46%
50 BOND+STOCKS+OTHMA+NMMF
13.3%
1.85%
5.62%
5.83%
19.1%
2.65%
7.24%
9.24%
51 CASHLI+OTHFIN
3.9%
1.49%
1.52%
0.84%
2.1%
0.73%
0.65%
0.73%
 
52 HOUSES+ORESRE
42.2%
25.50%
13.08%
3.59%
45.5%
25.27%
14.28%
5.96%
53 NNRESRE+BUS
30.0%
2.81%
11.07%
16.15%
25.1%
2.81%
7.48%
14.81%
 
54 MRTHEL+RESDEBT
10.5%
7.85%
2.25%
0.43%
14.7%
10.54%
3.23%
0.98%
55 INSTALL+OTHLOC+ODEBT
2.9%
2.12%
0.43%
0.32%
2.3%
1.81%
0.24%
0.31%
 
56 "all other assets" (exc VEHIC, HOUSES & RETQLIQ)
16.5%
6.46%
6.11%
3.91%
10.6%
4.03%
3.94%
2.62%
57 "all other debts" (except MRTHEL & INSTALL
2.0%
0.94%
0.69%
0.39%
2.4%
1.07%
0.86%
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 W90-3 Wealth Shares and Percent Change by Networth Quantile — 1989 and 2004 comments
   
1989
2004
  
Percentage point change
   
Total
Quantiles of
Net Worth
Total
Quantiles of
Net Worth
   Total
Quantiles of
Net Worth
   
B90
N9
T1
B90
N9
T1
  
B90
N9
T1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
01 NETWORTH
100.0
32.8
37.1
30.1
100.0
30.5
36.1
33.4
0
-2.3
-1.0
+3.3
02 ASSET
100.0
37.9
35.0
27.1
100.0
36.8
33.7
29.5
0
-1.1
-1.3
+2.4
 
03 FIN
100.0
31.4
40.3
28.3
100.0
28.5
39.9
31.6
0
-2.9
-0.4
+3.3
04 LIQ
100.0
38.1
34.8
26.9
100.0
38.7
38.2
23.1
0
+0.6
+3.3
-3.8
05 CDS
100.0
47.8
42.1
10.2
100.0
44.7
43.8
11.5
0
-3.2
+1.8
+1.3
06 SAVBND
100.0
54.4
38.4
7.3
100.0
60.9
35.3
4.0
0
+6.5
-3.2
-3.3
07 BOND
100.0
8.1
40.2
51.8
100.0
2.9
26.8
70.2
0
-5.2
-13.4
+18.4
08 STOCKS
100.0
17.0
41.6

41.3
100.0
10.9
38.3
50.9
0
-6.2
-3.3
+9.6
09 NMMF
100.0
16.1
50.4
33.5
100.0
18.9
43.5
37.6
0
+2.8
-6.9
+4.1
10 RETQLIQ
100.0
43.8
41.5
14.8
100.0
41.7
44.8
13.6
0
-2.1
+3.3
-1.2
11 CASHLI
100.0
51.6
32.4
15.9
100.0
42.7
35.7
21.6
0
-8.9
+3.2
+5.7
12 OTHMA
100.0
13.8
40.4
45.5
100.0
18.5
33.8
47.8
0
+4.7
-6.6
+2.3
13 OTHFIN
100.0
23.6
48.0
28.0
100.0
22.8
23.6
53.5
0
-0.8
-24.4
+25.5

 
14 NFIN
100.0
40.8
32.6