Table 4.

Relationship of Household Wealth Holdings to Cognition of Both Financial and Non-Financial Respondents 2006 sample of married couples Robust Regression (wealth in thousands of dollars)

	Total Wealth		Total Financial Wealth		Percent in Stocka
	Coef.	t	Coef.	t	Coef.	t
Female	0.763	0.15	0.141	0.05	0.002	0.00
Hispanic	28.408	2.88	−13.496	2.67	0.227	0.29
Non-white	−55.034	6.69	−31.643	7.53	−1.767	2.76
Fin resp. Age	9.293	2.43	4.210	2.16	−0.472	1.60
Fin resp. Age squared	−0.038	1.39	−0.018	1.25	0.006	2.60
Fin resp. Education	6.804	6.30	1.580	2.86	0.788	9.49
Financial respondent	−1.044	0.19	−0.825	0.31	−0.035	0.09
Total average income	3.350	93.68	1.358	74.29	0.012	4.06
Average Income squared	−0.000	45.99	−0.000	42.37	−2.34E-06	4.58
% Income due to male	12.18	1.34	5.974	1.18	3.839	5.07
Non-Fin resp. age	10.266	3.76	4.656	3.34	−0.206	0.96
Non-Fin resp. age squared	−0.063	2.95	−0.027	2.51	0.002	1.19
Non-Fin resp. education	5.779	5.35	2.958	5.36	0.450	5.40
Financial Respondent
TICS Mental Status	0.395	0.21	−0.995	1.03	−0.410	2.76
Word Recall	4.741	2.62	4.237	4.58	−0.052	0.38
Numeracy	21.680	6.33	11.147	6.37	1.467	5.66
Non-Financial Respondent
TICS Mental Status	5.524	3.43	0.973	1.18	0.142	1.13
Word Recall	8.444	4.69	2.945	3.20	0.132	0.97
Numeracy	3.952	1.12	3.103	1.73	1.112	4.19
Total wealth					0.002	12.07
Cons	−1065.55	7.61	−472.62	6.60	−0.913	0.08
N	11,688		11,688		10,876

^aPercent in stocks estimated with OLS.