Table 3.
Description of Assets and Debts for Child Households, by Race and Ethnicity, Select Years.
Asset to Debt Ratio | Assets | Debt | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Any | Amount | Home Ownership | Any | Amount | Education | |||||
Owns home | Equitya | Any | Amountb | |||||||
White | 2004 | 1.90 | .97 | 254,102 | .78 | 85,209 | .92 | 133,537 | .19 | 13,990 |
2010 | 1.71 | .98 | 221,397 | .76 | 56,372 | .90 | 129,766 | .29 | 13,817 | |
2016 | 1.91 | .99 | 230,190 | .73 | 80,000 | .91 | 120,400 | .33 | 17,000 | |
Black | 2004 | .75 | .87 | 32,456 | .48 | 40,697 | .74 | 43,241 | .19 | 9,538 |
2010 | .50 | .88 | 19,896 | .44 | 38,687 | .74 | 39,792 | .36 | 13,817 | |
2016 | .26 | .97 | 10,250 | .38 | 42,000 | .80 | 39,000 | .43 | 20,000 | |
Hispanic | 2004 | .60 | .85 | 32,685 | .50 | 64,861 | .75 | 54,687 | .06 | 6,359 |
2010 | .85 | .90 | 28,042 | .50 | 40,897 | .75 | 33,160 | .14 | 8,953 | |
2016 | 1.15 | .98 | 40,000 | .47 | 54,000 | .78 | 34,800 | .19 | 16,000 |
Note: Amounts represent medians. Estimates are weighted.
Among households that own the home.
For households with education (or credit card) debt.