Table 5. Distribution of Change in Net Worth, 2007 to 2011, PSID.
% | Cumulative % | |
---|---|---|
Absolute change (N = 5,839) | ||
Lost ≥ $250k | 12.2 | 12.2 |
Lost $50k–$250k | 21.2 | 33.3 |
Lost $10k–$50k | 14.0 | 47.3 |
Lost less than $10k | 10.8 | 58.1 |
No change | 1.8 | 59.8 |
Gained <$10k | 10.1 | 70.0 |
Gained $10k–$50k | 13.1 | 83.1 |
Gained $50k–$250k | 11.6 | 94.7 |
Gained ≥ $250k | 5.3 | 100.0 |
Fell into debt (N = 5,839) | ||
No | 90.9 | 90.9 |
Yes | 9.1 | 100.0 |
Percentage change (N = 4,676)a | ||
Lost 75–100% | 25.1 | 25.1 |
Lost 50–74% | 11.2 | 36.3 |
Lost 25–49% | 15.1 | 51.4 |
Lost <25% | 13.0 | 64.4 |
Gained <25% | 9.2 | 73.6 |
Gained 25–99% | 11.7 | 85.3 |
Gained ≥ 100% | 14.7 | 100.0 |
Median loss | ||
Among all with net worth in 2007 = $16,367 | ||
Among those having lost net worth = $70,348 |
Among those holding positive net worth in 2007.