Table 4A. Quintile-to-Quintile Wealth Mobility during the Great Recession, PSID.
Net Worth 2005/2007 | Net Worth 2009/2011 | |||||
---|---|---|---|---|---|---|
| ||||||
1st | 2nd | 3rd | 4th | 5th | Total | |
1st (lowest) quintile | 66.2 | 28.3 | 4.0 | 1.3 | 0.3 | 100 |
2nd | 22.7 | 49.0 | 24.0 | 3.8 | 0.6 | 100 |
3rd | 10.8 | 17.2 | 51.0 | 18.9 | 2.2 | 100 |
4th | 4.0 | 5.3 | 18.8 | 54.8 | 17.2 | 100 |
5th (highest) quintile | 1.2 | 2.1 | 2.7 | 17.4 | 76.6 | 100 |
NOTE: Based on balanced panel 2005–2011 for households headed by the same household head in 2005, 2007, and 2009.