TABLE 2.

Neighborhood-Level Variables: Summary Statistics

	Mean	SD	Minimum	Maximum
NSES index	−0.08	0.94	−3.83	3.54
Number of financial institutions (weighted by population)	0.02	0.06	0	3.45
Blacks residents (%)	16.52	26.23	0	100
Hispanics residents (%)	12.65	19.89	0	100
Whites residents (%)	73.33	27.73	0	100
English language (%)	82.44	18.56	0	100
Spanish language (%)	10.95	17.13	0	100

Notes: N =74,945, unless stated otherwise. NSES index is the neighborhood socioeconomic status index constructed as the principal component of median household income, median household value, percentage of households with interest income, percentage of residents with high school, percentage of residents with college, and percentage of residents in managerial positions (we follow the methodology of Diez Roux et al. 2001). All variables correspond to the census tract where HRS households reside at the time of the HRS interview. Source: Components of NSES index and the percentage of blacks, Hispanics, and whites residents, and English and Spanish languages are at the census tract level and taken from the United States Census of 2000 and the American Community Survey (ACS) of 2009, 2010, and 2012. Number of financial institutions at the census tract level was provided by the Federal Deposit Insurance Corporation, to the authors in 2015. We use population benchmarks from Census and ACS for constructing the weighted number of financial institutions.