Table 3.3: Wealth of Families of Four
(Numbers in 1994 Dollars)
|
Mean
|
Checking
Accts
|
Savings
Accts
|
IRA/
KEOGH
|
Money
Market Accounts
|
Cert.
of Deposit
|
Mutual
Funds
|
Bonds
|
Stocks
|
Brokerage
Call Accounts
|
|
All
Families of Four
|
|
Married,
2 Children
|
3,702
|
3,717
|
11,698
|
2,629
|
1,811
|
8,573
|
4,963
|
16,017
|
225
|
|
Total
Families of Four
|
3,252
|
2,806
|
9,243
|
2,268
|
1,683
|
10,760
|
3,521
|
10,754
|
295
|
|
White |
|
Married,
2 Children
|
4,158
|
3,726
|
13,194
|
3,286
|
2,224
|
10,539
|
5,593
|
19,831
|
287
|
|
Total
Families of Four
|
4,046
|
3,342
|
11,980
|
2,790
|
2,325
|
15,383
|
4,562
|
15,251
|
429
|
|
Black |
|
Married,
2 Children
|
1,388
|
6,358
|
4,379
|
94
|
384
|
177
|
752
|
122
|
-
|
|
Total
Families of Four
|
930
|
2,131
|
2,711
|
1,926
|
390
|
50
|
530
|
152
|
-
|
|
Hispanic |
|
Married,
2 Children
|
1,124
|
1,473
|
3,307
|
266
|
303
|
376
|
98
|
73
|
-
|
|
Total
Families of Four
|
1,571
|
888
|
1,548
|
123
|
140
|
228
|
48
|
34
|
-
|
|
Median
|
Checking
Accts
|
Savings
Accts
|
IRA/
KEOGH
|
Money
Market Accounts
|
Cert.
of Deposit
|
Mutual
Funds
|
Bonds
|
Stocks
|
Brokerage
Call Accounts
|
|
All
Families of Four
|
|
Married,
2 Children
|
1,000
|
-
|
-
|
-
|
- |
- |
- |
- |
- |
|
Total
Families of Four
|
830
|
- |
- |
- |
- |
- |
- |
- |
- |
|
White |
|
Married,
2 Children
|
1,100
|
-
|
-
|
-
|
- |
- |
30 |
- |
- |
|
Total
Families of Four
|
1,000
|
- |
- |
- |
- |
- |
- |
- |
- |
|
Black |
|
Married,
2 Children
|
800
|
-
|
-
|
-
|
- |
- |
- |
- |
- |
|
Total
Families of Four
|
100
|
- |
- |
- |
- |
- |
- |
- |
- |
|
Hispanic |
|
Married,
2 Children
|
500
|
10
|
-
|
-
|
- |
- |
- |
- |
- |
|
Total
Families of Four
|
250
|
- |
- |
- |
- |
- |
- |
- |
- |
Source: 1995
Board of Governors of the Federal Reserve Board, Survey
of Consumer Finances; Heritage Calculations
Note: Hispanics may be of any race
|
