Table 3.6: Wealth
of Black Families of Four
| |
Married
|
Table
Total
|
| Mean |
Median |
Mean |
Median |
| Checking/Money
Mkt Accounts |
3,737 |
2,000 |
2,278 |
1,000 |
| Savings
Accounts |
4,021 |
1,500 |
2,511 |
200 |
| Brokerage
Call Account |
0 |
0 |
0 |
0 |
| Cds |
241 |
0 |
655 |
0 |
| Stock
Mutual Fund |
19 |
0 |
367 |
0 |
| Tax
Free Bond Mutual Fund |
0 |
0 |
0 |
0 |
| Govt
Bond Mutual Fund |
95 |
0 |
51 |
0 |
| Other
Bond Mutual Fund |
0 |
0 |
0 |
0 |
| Comb.
Stock/Bond Mutual Fund |
2,873 |
0 |
1,560 |
0 |
| Stocks |
3,317 |
0 |
1,802 |
0 |
| Mortgage
Backed Bonds |
0 |
0 |
0 |
0 |
| Gov
Bonds |
72 |
0 |
39 |
0 |
| Tax
Free Bonds |
83 |
0 |
45 |
0 |
| Foreign
Bonds |
0 |
0 |
0 |
0 |
| Corporate
Bonds |
0 |
0 |
0 |
0 |
| Savings
Bonds |
279 |
0 |
152 |
0 |
| Ira/Keogh
Accounts |
12,577 |
0 |
6,831 |
0 |
| Thrift/401k/403b
Accounts |
10,578 |
500 |
6,122 |
0 |
| Cash
Value Of Life Ins. |
9,525 |
0 |
5,981 |
0 |
| Other
Managed Assets Value |
648 |
0 |
352 |
0 |
| Other
Financial Assets |
6,910 |
0 |
3,759 |
0 |
| Value
Of Vehicles Owned And Leased |
17,427 |
18,200 |
11,661 |
10,900 |
| Primary
Home/Farm Value |
101,395 |
100,000 |
67,166 |
38,000 |
| Other
Real Estate Value |
4,124 |
0 |
2,240 |
0 |
| Net
Bus Interest (No Farm) |
10,585 |
0 |
5,749 |
0 |
| Other
Non-Fin Assets |
12,407 |
0 |
6,739 |
0 |
| Primary
Housing Debt/Mortgage |
63,967 |
53,000 |
43,064 |
0 |
| Other
Real Estate Debt |
723 |
0 |
393 |
0 |
| Credit
Cards |
2,860 |
450 |
2,144 |
300 |
| Installment
Loans |
10,677 |
8,100 |
6,660 |
1,000 |
| Margin
Loans |
0 |
0 |
0 |
0 |
| Other
Debt |
321 |
0 |
180 |
0 |
| Total
Assets |
200,914 |
185,700 |
126,059 |
54,890 |
| Total
Liabilities |
78,549 |
94,400 |
52,441 |
16,200 |
| Net
Worth |
122,365 |
69,220 |
73,618 |
22,230 |
Source:
2001 Survey of Current Finances; Heritage Calculations
|
