Table 2.
Regression Models of Net Worth Poverty and Income Poverty
| Net worth poverty |
Income poverty |
|||||||
|---|---|---|---|---|---|---|---|---|
| Model 1 | Model 2 | Model 1 | Model 2 | |||||
| Black | .258 | (.032)*** | .107 | (.033)*** | .203 | (.034)*** | .033 | (.029) |
| Hispanic | .285 | (.028)*** | .123 | (.025)*** | .161 | (.028) | .009 | (.027) |
| Year (reference = 2004) | ||||||||
| 1989 | .008 | (.022) | −.032 | (.020) | .006 | (.015) | −.015 | (.013) |
| 1992 | .010 | (.015) | −.008 | (.014) | .020 | (.011) | .008 | (.011) |
| 1995 | .010 | (.018) | −.020 | (.016) | .031 | (.012)* | .009 | (.011) |
| 1998 | .026 | (.021) | .007 | (.017) | .040 | (.015)** | .030 | (.012)* |
| 2001 | −.012 | (.017) | −.015 | (.014) | .001 | (.013) | −.006 | (.011) |
| 2007 | .027 | (.016) | .021 | (.014) | −.002 | (.011) | −.011 | (.011) |
| 2010 | .081 | (.013)*** | .093 | (.011)*** | .016 | (.010) | .009 | (.010) |
| 2013 | .072 | (.016)*** | .083 | (.014)*** | .017 | (.012) | .007 | (.011) |
| 2016 | .030 | (.016) | .047 | (.014)** | .006 | (.011) | −.004 | (.010) |
| 2019 | .017 | (.017) | .042 | (.015) | −.020 | (.012) | −.016 | (.011) |
| Interaction terms | ||||||||
| Black×1989 | .038 | .053 | .029 | (.047) | .129 | (.052)* | .090 | (.049) |
| Black×1992 | .078 | .050 | .073 | (.048) | .074 | (.053) | .083 | (.044) |
| Black×1995 | .080 | .054 | .059 | (.047) | .148 | (.049)** | .141 | (.040)*** |
| Black×1998 | −.032 | .048 | −.049 | (.043) | .067 | (.046) | .068 | (.037) |
| Black×2001 | −.001 | .040 | −.013 | (.042) | .022 | (.043) | .037 | (.038) |
| Black×2007 | .002 | .038 | .015 | (.036) | .016 | (.042) | .051 | (.038) |
| Black×2010 | .020 | .034 | .028 | (.030) | −.041 | (.038) | −.002 | (.035) |
| Black×2013 | .087 | .039* | .104 | (.036)** | −.040 | (.039) | −.001 | (.032) |
| Black×2016 | .117 | .038** | .115 | (.037)** | −.021 | (.042) | −.005 | (.037) |
| Black×2019 | .083 | .041 | .110 | (.039) | −.072 | (.042) | −.045 | (.038) |
| Hispanic×1989 | .031 | (.053) | .080 | (.055) | .116 | (.074) | .145 | (.071)* |
| Hispanic×1992 | .061 | (.042) | .041 | (.043) | .191 | (.051)*** | .165 | (.045)*** |
| Hispanic×1995 | .025 | (.047) | .079 | (.042) | .074 | (.053) | .125 | (.048)** |
| Hispanic×1998 | −.016 | .050 | .007 | (.041) | .073 | (.041) | .075 | (.041) |
| Hispanic×2001 | .089 | .041* | .061 | (.036) | .120 | (.040)** | .111 | (.039)** |
| Hispanic×2007 | −.047 | .039 | −.024 | (.033) | −.019 | (.041) | .020 | (.043) |
| Hispanic×2010 | −.044 | .033 | −.027 | (.028) | .009 | (.035) | .030 | (.037) |
| Hispanic×2013 | .037 | .041 | .044 | (.037) | .028 | (.039) | .054 | (.037) |
| Hispanic×2016 | −.044 | .038 | −.010 | (.036) | −.012 | (.036) | .016 | (.033) |
| Hispanic×2019 | −.020 | .040 | −.005 | (.039) | −.038 | (.034) | −.008 | (.033) |
| Sample size | 19,013 | 19,013 | 19,013 | 19,013 | ||||
Note. Model 2 controls for other race/ethnicity, education, relationship status, number of children in the household, age and age squared, child age, if household has member greater than age 65, and household size.
*
p<.05.
**
p<.01.
***
p<.001.