Table 2.
Percentile Net Worth | Percentile Income | |
---|---|---|
Race/ethnicity | ||
White (reference) | ||
Black | −5.91 (1.02)*** | −7.87 (1.39)*** |
Hispanic | −4.01 (1.09)*** | −6.93 (1.35)*** |
Other race | −1.69 (.54)** | −5.71 (.61)*** |
Year | ||
2004 (reference) | ||
2007 | −1.33 (.67)* | .48 (.68) |
2010 | −1.25 (.75) | −1.30 (.64)* |
2013 | .20 (.84) | −.19 (.69) |
2016 | −.91 (.71) | −.26 (.72) |
Interaction terms | ||
Black × 2007 | 2.81 (1.70) | −1.68 (1.91) |
Black × 2010 | .29 (1.52) | 1.53 (1.73) |
Black × 2013 | −2.64 (1.33)* | −1.47 (1.61) |
Black × 2016 | −3.39 (1.31)* | .68 (1.81) |
Hispanic × 2007 | 2.29 (1.54) | −.28 (1.78) |
Hispanic × 2010 | 1.60 (1.31) | −.52 (1.57) |
Hispanic × 2013 | .64 (1.48) | −2.80 (1.49) |
Hispanic × 2016 | −.21 (1.48) | −1.66 (1.57) |
Note: All estimates are weighted. Standard errors are in parentheses. Models control for relationship status, age, square of age, education of head, number of children in the household, whether the youngest child is younger than 6, and the presence of an elderly person in household. The model for percentile net worth controls for income (logged and squared).
p < .05.
p < .01.
p < .001.