Table 3.

Household Wealth of Older Workers: A Comparison of Poor and Non-Poor

Variables	Poor (n=121)	Non-Poor (n=3,295)	t-Statistic
Asset Type
Checking/saving accounts	$6,657	$13,902	t=2.35*
Certificates of deposit/treasury bills	$457	$5,427	t=11.35***
Stocks/mutual funds	$14,932	$28,156
Bonds	$8	$2,534	t=5.51***
Individual Retirement Accounts	$15,065	$38,763	t=5.27***
Business equity	$3,579	$16,636	t=4.29***
Equity in real estate (excluding primary housing)	$1,928	$17,957	t=9.49***
Transportation assets (vehicles)	$4,764	$15,423	t=16.07***
Total wealth (excluding primary housing)	$46,482	$140,645	t=8.02***

Note. Unless otherwise noted, variable is not significant at 5% level of significance.

^*p< .05

^**p< .01

^***p< .001