Table 3. Wealth holdings by component, SCF (without oversample, N=2,914) and PSID Household (N=8,021), 2007.
| Average wealth among all households | Proportion with any holdings | Average wealth |>0 | PSID net worth ifit had SCF …. | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wealth component | SCF ($) | PSID ($) | SCF/PSID | SCF minus PSID ($) |
Share of difference in total wealth |
SCF | PSID | SCF/PSID | SCF ($) | PSID ($) | SCF/PSID | Proportion | % of gap explained |
Average ($) |
% of gap explained |
|
| Business assets | 99,100 | 69,874 | 1.42 | 29,226 | 68% | 14.2 | 11.1 | 1.28 | 777,600 | 629,159 | 1.24 | 407,091 | 45% | 404,175 | 38% | |
| Checking/savings | 38,500 | 29,094 | 1.32 | 9,406 | 22% | 91.2 | 83.5 | 1.09 | 42,200 | 34,856 | 1.21 | 390,320 | 6% | 393,754 | 14% | |
| Stocks | 43,300 | 56,042 | 0.77 | -12,742 | -29% | 23.9 | 24.7 | 0.97 | 181,300 | 226,436 | 0.80 | 385,701 | -4% | 376,455 | -26% | |
| IRA/private annuities | 39,500 | 46,332 | 0.85 | -6,832 | -16% | 32.9 | 33.3 | 0.99 | 120,800 | 139,340 | 0.87 | 387,136 | -1% | 381,460 | -14% | |
| Net worth of vehicles | 13,400 | 14,692 | 0.91 | -1,292 | -3% | 85.3 | 84.5 | 1.01 | 15,700 | 17,380 | 0.90 | 387,758 | 0% | 386,207 | -3% | |
| Equity in primary residence | 135,400 | 117,167 | 1.16 | 18,233 | 42% | 68.6 | 64.7 | 1.06 | 197,400 | 181,506 | 1.09 | 394,971 | 17% | 398,107 | 24% | |
| Equity in real estate excluding primary residence | 46,300 | 55,155 | 0.84 | -8,855 | -20% | 19.8 | 16.0 | 1.24 | 235,900 | 344,118 | 0.69 | 400,605 | 30% | 370,283 | -40% | |
| Other assets | 23,900 | 10,249 | 2.33 | 13,651 | 32% | 35.4 | 17.7 | 2.00 | 67,500 | 57,788 | 1.17 | 397,833 | 24% | 389,347 | 4% | |
| Other debts | 8,500 | 10,980 | 0.77 | -2,480 | -6% | 56.4 | 51.8 | 1.09 | 15,100 | 21,198 | 0.71 | 388,601 | 2% | 384,466 | -7% | |
| Total net worth | 430,900 | 387,625 | 1.11 | 43,275 | 89.1 | 86.1 | 1.03 | 485,600 | 453,621 | 1.07 | 404,176 | 38% | 418,296 | 71% | ||
| Other distributional points ($) | ||||||||||||||||
| Median | Median | P75 | P75 | P90 | P90 | |||||||||||
| Wealth component | SCF | PSID | SCF | PSID | SCF | PSID | ||||||||||
| Business assets | 0 | 0 | 0 | 0 | 12,000 | 5,000 | ||||||||||
| Checking/savings | 4,200 | 4,000 | 19,800 | 18,000 | 76,000 | 60,114 | ||||||||||
| Stocks | 0 | 0 | 0 | 0 | 45,000 | 85,000 | ||||||||||
| IRA/private annuities | 0 | 0 | 10,000 | 12,000 | 85,000 | 110,000 | ||||||||||
| Net worth of vehicles | 8,200 | 8,000 | 17,600 | 20,000 | 30,500 | 35,000 | ||||||||||
| Equity in primary residence | 50,000 | 45,000 | 155,000 | 150,000 | 329,000 | 310,000 | ||||||||||
| Equity in real estate excluding primary residence | 0 | 0 | 0 | 0 | 80,000 | 60,000 | ||||||||||
| Other assets | 0 | 0 | 3,500 | 0 | 30,500 | 10,000 | ||||||||||
| Other debts | 500 | 300 | 7,300 | 8,000 | 24,000 | 25,000 | ||||||||||
| Total net worth | 102,100 | 96,700 | 316,300 | 345,500 | 800,100 | 860,000 | ||||||||||