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Asset Ownership of Households: 1993

Between 1984 and 1993, a period of nine years, the "median values of holdings" for "own homes" in the US decreased by 17%, from $56,430 to $46,669.  In 1996 the Census Bureau changed the format for reporting this asset change so a direct comparison cannot be made to prior years, and since 1996 this data hasn't been reported separately.  If this trend continued, however, then in 1997 it was down to $42,120 and in 2000 to $37,240.  The increase in the number of female headed households, whose median net worth is less than $15,000 each, is one of the primary factors for this loss of household assets.

To make matters worse, in 2000, Personal Saving became NEGATIVE at the same time that mortgage debt reached a record high of $5 trillion, a five fold increase in just 20 years, and since then, American "investors" lost another $7.2 trillion in the stock market.

The problem is that in 1991, per the US Census Bureau, only 20.7 million American households held stocks and mutual fund shares with a median value of only $5,490, which is only $114 billion.  How then did American "investors" manage to lose $7.2 trillion during that time?  They mortgaged to the hilt the only asset they had, their homes, in order to make a "quick killing" in the stock market. 

But in 1991, 64.7 million homeowners had equity worth a median of only $43,070, which is less than $2.8 trillion, and their total equity was less than $4.8 trillion, which means that this stock market loss was $2.4 trillion more than they had in assets.

1991 Asset Number of Households Median Asset Value Total Value ($billions)
Interest-earning Assets 73,200,000 3,709 271.5
Other Interest-earning Assets 9,000,000 16,058 144.5
Checking Accounts 46,000,000 529 24.3
Stocks & Mutual Funds Shares 20,700,000 $5,490 $113.6
Own homes 64,700,000 43,070 2,786.6
Rental Property 9,000,000 31,270 281.4
Other Real Estate 10,700,000 20,140 215.5
Vehicles 86,400,000 5,555 480.0
Business or Profession 11,700,000 10,203 119.4
U.S. Savings Bonds 18,100,000 610 11.0
IRA or Keogh Accounts 22,900,000 11,886 272.2
Other Financial Investments 2,800,000 19,031 53.3
TOTAL     $4,773.3

Alan Greenspan served his purpose:  he greatly assisted worldwide zionism in its final looting of the American republic.

 

http://www.census.gov/prod/1/pop/p70-47.pdf

Highlights

x Median net worth, as measured in the Survey of Income and Program Participation (SIPP), for

households in 1993 was $37,587 (� $1,250), not significantly different from the 1991 median

household net worth of $38,500 (� $1,387) (in 1993 dollars).

x Median home equity for households whose householders owned their own homes increased

between 1991 and 1993 from $43,070 (� $1,738) in 1991 (in 1993 dollars) to $46,669 (� $1,153)

in 1993.

x During the period 1991 to 1993, there were declines in the median values of interest-earning

assets at financial institutions, other interest-earning assets, rental property, vehicles, and

businesses or professions. These declines were offset by increases in the median values of

stocks and mutual fund shares, home equity, and U.S. savings bonds. The median value of

holdings in checking accounts, other real estate, IRA or Keogh accounts, and other financial

investments did not change between 1991 and 1993.

x In 1993, median measured net worth varied from $5,786 (� $474) for the youngest households

to $91,481 (� $3,736) for households in the 55-to-64-year-old category. It was $77,654

(� $4,510) for the oldest group (75 years and over). Median measured net worth fell significantly

from 1991 to 1993 for households in 35-to-44-year-old and 65-to-69-year-old categories.

x In 1993, households with White householders had median measured net worth of $45,740

(� $1,307), households with Black householders had median measured net worth of $4,418

(� $697), and households with Hispanic-origin householders had a median measured net worth

of $4,656 (� $681), which was not significantly different from that of Black households.

x Married-couple households had the largest median measured net worth, $61,905 (� $1,614) in

1993. Both male- and female-maintained households had median measured net worth approximately

one-fifth that of married-couple households in 1993.

x Households headed by females experienced a decline in their median measured net worth, from

$15,518 (� $1,506) (in 1993 dollars) in 1991 to $13,294 (� $1,112) in 1993. This decline was

concentrated among female householders age 35 to 54.

 

 

 

 

 

 

http://www.census.gov/hhes/www/wealth/1993/wlth93a.html

Asset Ownership of Households: 1993

Table A. Ownership Rates, Median Value of Asset Holdings, and the Distribution of Net Worth by Asset Type:  1993, 1991, 1988 and 1984
(Excludes group quarters)
_______________________________________________________________________________________________________________________________________________________________________________
                                              1993                                  1991                                1988                                 1984
                                                                               (in 1993 dollars)                   (in 1993 dollars)                   (in 1993 dollars)
                                _______________________________________________________________________________________________________________________________________________
                                               Median                              Median                              Median                              Median
           Asset type           Percent of  Values of               Percent of  Values of               Percent of  Values of               Percent of  Values of
                                households   holdings Distribution  households   holdings Distribution  households   holdings Distribution  households   holdings Distribution  
                                  that own  for asset           of    that own  for asset           of    that own  for asset           of    that own  for asset           of 
                                asset type     owners    net worth  asset type     owners    net worth  asset type     owners    net worth  asset type     owners    net worth
                                            (dollars)                           (dollars)                           (dollars)                           (dollars)
_______________________________________________________________________________________________________________________________________________________________________________
                                                                                                                                            
All assets......................       (X)     37,587        100.0          (X)    38,500        100.0          (X)    43,617        100.0          (X)    45,411        100.0
                                                                                                                                            
Interest-earning assets                                                                                                                     
 at financial institutions......      71.1      2,999         11.4        73.2      3,709         14.3        72.9      4,263         14.1        71.8      4,262         14.5
  Savings accounts..............      60.1       (NA)         (NA)        62.4       (NA)         (NA)        61.6       (NA)         (NA)        62.9       (NA)         (NA)
  Money market deposit accounts.      12.6       (NA)         (NA)        14.9       (NA)         (NA)        15.2       (NA)         (NA)        15.7       (NA)         (NA)
  Certificates of deposit.......      16.0       (NA)         (NA)        22.0       (NA)         (NA)        17.7       (NA)         (NA)        19.1       (NA)         (NA)
  Interest-earning checking.....      36.9       (NA)         (NA)        37.8       (NA)         (NA)        34.3       (NA)         (NA)        24.8       (NA)         (NA)
Other interest-earning assets...       8.6     12,998          4.0         9.0     16,058          5.0         9.4     13,311          4.2         8.5     13,165          3.2
  Money market funds............       3.9       (NA)         (NA)         4.2       (NA)         (NA)         3.6       (NA)         (NA)         3.8       (NA)         (NA)
  Government securities.........       2.1       (NA)         (NA)         2.2       (NA)         (NA)         2.2       (NA)         (NA)         1.4       (NA)         (NA)
  Corporate or municipal bonds..       3.1       (NA)         (NA)         3.4       (NA)         (NA)         2.8       (NA)         (NA)         2.6       (NA)         (NA)
  Other interest-earning assets.       2.2       (NA)         (NA)         2.2       (NA)         (NA)         3.3       (NA)         (NA)         2.8       (NA)         (NA)
Checking accounts...............      45.9        499          0.5        46.0        529          0.5        48.3        594          0.6        53.9        624          0.6
Stocks and mutual fund shares...      20.9      6,960          8.3        20.7      5,490          7.1        21.8      5,502          6.5        20.0      5,410          6.8
Own home........................      64.3     46,669         44.4        64.7     43,070         42.6        63.6     52,545         43.0        64.3     56,430         41.3
Rental property.................       8.4     29,300          6.7         9.0     31,270          6.5         9.0     45,676          7.9         9.8     48,033          9.0
Other real estate...............       9.3     19,415          4.6        10.7     20,140          5.4        10.5     22,038          4.3        10.0     20,559          4.4
Vehicles........................      85.7      5,140          6.4        86.4      5,555          6.4        86.3      5,388          5.8        85.8      5,705          5.9
Business or profession..........      10.8      7,000          6.4        11.7     10,203          7.3        12.5     12,744          8.8        12.9      8,754         10.3
U.S. savings bonds..............      18.5        775          0.8        18.1        610          0.6        17.5        666          0.6        15.0        417          0.5
IRA or Keogh accounts...........      23.1     12,985          6.7        22.9     11,886          5.2        24.2     11,000          4.2        19.5      6,679          2.2
Other financial investments\1...       5.2     21,001          3.0         2.8     19,031          3.1         6.6     19,769          3.0         7.0     17,777          5.0
_______________________________________________________________________________________________________________________________________________________________________________
   X Not applicable.
   NA Not available because separate questions were not asked about the amount held in these individual assets.
   1/Includes mortgages held from sale of real estate, amount due from sale of business, unit trusts, and other financial investments.
Source: U.S. Census Bureau

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Go to Asset Ownership of Households - 1993

Created: December 13, 2000 Last Revised: January 16, 2001

 

TRAITOR McCain

jewn McCain

ASSASSIN of JFK, Patton, many other Whites

killed 264 MILLION Christians in WWII

killed 64 million Christians in Russia

holocaust denier extraordinaire--denying the Armenian holocaust

millions dead in the Middle East

tens of millions of dead Christians

LOST $1.2 TRILLION in Pentagon
spearheaded torture & sodomy of all non-jews
millions dead in Iraq

42 dead, mass murderer Goldman LOVED by jews

serial killer of 13 Christians

the REAL terrorists--not a single one is an Arab

serial killers are all jews

framed Christians for anti-semitism, got caught
left 350 firemen behind to die in WTC

legally insane debarred lawyer CENSORED free speech

mother of all fnazis, certified mentally ill

10,000 Whites DEAD from one jew LIE

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f.ck Jesus--from a "news" person!!

1000 fold the child of perdition

 

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