WealthandWant.com: Wealth Tables 50-40-5-4-1

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Wealth Tables 50-40-5-4-1

Quantiles: Networth distribution: Bottom 50%, 50th to 90th, 90th to 95th, 95th to 99th and Top 1% (50-40-5-4-1)
Comparison: 2004 vs 1989
source: Currents and Undercurrents: Changes in the Distribution of Wealth, 1989–2004, by Arthur B. Kennickell, Federal Reserve Board, January, 2006.
For more aggregated quantiles, see parallel tables at Wealth Tables 90-9-1
Definitions of Assets: Click on the link in the table, or here.

Guided tour

Tables:
Table W50-1 Dollar Holdings and change, by Networth Quantile — 1989 and 2004
Table W50-2 Corner Percentages: Each Quantile's Share of Aggregate Networth, 1989 and 2004
Table W50-3 Wealth Shares and Percent Change by Networth Quantile — 1989 and 2004
Table W50-4: Dollar Change, Percent Chg and Shares of Dollar Change, by Networth Quantile
Table W50-5 Ownership Rates, by Networth Quantile - nonadditive - 1989, 2004 and Point Change
Table W50-6 Ownership Rates by Networth Quantile - additive - 1989 and 2004
Table W50-7 Holdings per 1% who hold, by Networth Quantile — 1989 and 2004
Table W50-8 Holdings per 1% who hold - Change and Percent Change, 1989-2004, by Networth Quantile

Table W50-1 Dollar Holdings and change, by Networth Quantile — 1989 and 2004 Note: Table W50-4 shows the percent change and shares of year to year change for each networth quantile. Networth quantiles are the Bottom 50% (0 to 50th percentile), Next 40% (50th to 90th percentile), Next 5% (90th to 95th percentile), Next 4% (95th to 99th percentile) and Top 1%. Table W90-1 provides similar information for the Bottom 90%, and Next 9%.
		1989						2004						Change
		Total	Quantiles of Net Worth					Total	Quantiles of Net Worth					Total	Quantiles of Net Worth
		Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1
		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)
01	NETWORTH	25,854	763	7,714	3,374	6,227	7,776	50,251	1,278	14,046	6,025	12,127	16,774	24,397	515	6,332	2,651	5,900	8,999
02	ASSET	29,417	1,598	9,549	3,727	6,574	7,969	59,108	3,423	18,351	6,763	13,147	17,425	29,692	1,826	8,802	3,036	6,574	9,455

03	FIN	9,079	311	2,541	1,238	2,425	2,564	21,098	529	5,478	2,878	5,550	6,663	12,019	217	2,937	1,640	3,125	4,099
04	LIQ	1,688	101	542	222	366	457	2,780	151	926	312	749	642	1,092	50	384	90	384	185
05	CDS	896	37	392	149	229	90	780	18	331	168	174	90	-116	-19	-62	19	-54	-1
06	SAVBND	134	9	64	25	26	10	114	11	58	18	23	5	-20	2	-6	-8	-4	-5
07	BOND	898	3	70	100	262	464	1,115	1	32	35	265	783	217	-2	-38	-65	3	319
08	STOCKS	1,385	17	219	142	434	573	3,711	21	382	375	1,045	1,888	2,326	4	163	232	611	1,315
09	NMMF	487	4	74	79	167	163	3,101	23	564	332	1,016	1,169	2,615	18	490	253	850	1,006
10	RETQLIQ	1,926	65	778	289	510	284	6,752	226	2,587	1,321	1,701	917	4,827	162	1,809	1,032	1,192	633
11	CASHLI	539	48	231	86	89	86	625	41	226	67	156	135	86	-7	-5	-19	67	49
12	OTHMA	670	3	90	79	192	307	1,684	12	300	214	355	804	1,014	9	211	135	163	496
13	OTHFIN	457	25	83	67	152	130	435	26	74	37	66	233	-21.6	1	-9	-31	-86	103

14	NFIN	20,338	1,286	7,008	2,489	4,149	5,405	38,011	2,894	12,872	3,885	7,598	10,762	17,673	1,608	5,865	1,396	3,449	5,357
15	VEHIC	1,125	288	547	107	117	65	1,945	522	968	154	187	113	820	234	421	47	70	48
16	HOUSES	9,248	900	5,148	1,186	1,403	611	19,110	2,241	9,573	2,271	3,135	1,890	9,862	1,341	4,425	1,085	1,732	1,279
17	ORESRE	1,653	43	502	330	462	316	3,758	57	828	546	1,222	1,105	2,105	14	326	216	760	789
18	NNRESRE	2,252	12	203	219	581	1,238	2,772	20	452	313	677	1,311	521	8	249	94	96	73
19	BUS	5,511	21	490	573	1,490	2,937	9,841	34	908	560	2,208	6,131	4,330	13	418	-13	718	3,194
20	OTHNFIN	549	23	118	75	96	238	585	21	143	41	168	212	36	-2	25	-34	73	-26

21	DEBT	3,564	835	1,835	354	347	194	8,858	2,145	4,305	738	1,021	650	5,295	1,310	2,470	384	674	457
22	MRTHEL	2,445	508	1,413	242	211	71	6,660	1520	3,561	591	664	325	4,215	1,012	2,148	349	453	254
23	RESDBT	276	18	90	59	69	40	751	22	192	96	271	170	475	4	102	37	202	130
24	INSTALL	594	245	258	33	36	22	971	449	381	27	44	70	377	204	123	-6	7	48
25	OTHLOC	66	5	7	8	6	41	64	7	16	1	10	30	-2	2	9	-7	4	-11
26	CCBAL	100	43	49	5	3	*	266	122	125	10	8	2	166	79	76	5	5	2
27	ODEBT	82	15	17	7	22	20.6	146	25	30	13	24	54	64	10	13	6	2	33

28	EQUITY	2,585	41	535	307	766	937	10,002	119	2,002	1,319	2,878	3,684	7,416	78	1,467	1,012	2,111	2,747
29	INCOME	5,589	1,358	2,277	499	688	767	7,930	1,887	3,174	672	1,117	1,080	2,341	529	897	173	429	313
29a	Income to Networth ratio	0.216	1.780	0.295	0.148	0.110	0.099	0.158	1.477	0.226	0.112	0.092	0.064
30	Equity:Income ratio	0.463	0.030	0.235	0.615	1.113	1.222	1.261	0.063	0.631	1.963	2.577	3.411

31	STOCKS+NMMF	1,872	21	293	221	601	736	6,813	44	946	707	2,061	3,057	4,941	22	653	486	1,460	2,321
32	STOCKS+NMMF+RETQLIQ	3,798	87	1,071	510	1,111	1,020	13,565	270	3,533	2,028	3,762	3,974	9,768	184	2,461	1,518	2,652	2,954

33	STOCKS+BUS	6,897	38	708	715	1,925	3,510	13,552	55	1,290	935	3,253	8,019	6,656	17	581	220	1,329	4,509
34	STOCKS+BUS+NMMF	7,383	43	783	794	2,091	3,673	16,654	78	1,854	1,267	4,269	9,188	9,271	35	1,072	473	2,178	5,515

35	STOCKS+BUS+NNRESRE+NMMF	9,635	54	985	1,013	2,672	4,911	19,426	98	2,306	1,580	4,947	10,499	9,791	43	1,321	567	2,275	5,588
36	STOCKS+BUS+NNRESRE+NMMF+ ORES	11,288	97	1,487	1,343	3,134	5,227	23,936	155	3,134	2,126	6,189	11,604	11,986	57	1,647	783	3,035	6,377
37	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA	11,958	100	1,577	1,422	3,325	5,534	24,868	166	3,434	2,340	6,523	12,407	12,910	66	1,857	918	3,198	6,873
38	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS	12,856	103	1,646	1,521	3,587	5,998	25,983	167	3,466	2,374	6,788	13,190	13,127	64	1,820	853	3,201	7,192
39	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ	14,781	168	2,425	1,811	4,097	6,282	32,735	393	6,053	3,696	8,489	14,107	17,954	225	3,628	1,885	4,392	7,825

40	VEHIC+HOUSES	10,373	1,188	5,696	1,292	1,521	676	21,055	2,763	10,542	2,425	3,322	2,003	10,682	1,575	4,846	1,133	1,802	1,327
41	VEHIC+HOUSES-MRTHEL-INSTALL	7,334	434	4,035	1,018	1,273	584	13,423	793	6,600	1,807	2,615	1,609	6,090	359	2,575	789	1,342	1.025
42	VEHIC+HOUSES+RETQLIQ	12,299	1,253	6,474	1,582	2,030	960	27,807	2,989	13,128	3,746	5,024	2,920	15,508	1,736	6,655	2,164	2,994	1,960
43	VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ	9,259	499	4,803	1,307	1,783	867	20,176	1,020	9,187	3,128	4,316	2,525	10,916	521	4,384	1,821	2,544	1,658

44	HOUSES minus MRTHEL	6,803	391	3,735	944	1,192	540	12,449	720	6,013	1,680	2,471	1,565	5,647	329	2,278	736	1,279	1,025

45	NFIN other than HOUSES & VEHIC	9,965	99	1,312	1,197	2,629	4,729	16,957	132	2,331	1,460	4,275	8,759	6,991	33	1,019	263	1,647	4,030
46	FIN other than RETQLIQ	7,154	247	1,763	949	1,915	2,280	14,345	303	2,892	1,557	3,848	5,746	7,192	56	1,129	608	1,933	3,465

47	NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL	18,520	329	3,690	2,356	4,953	7,192	36,827	486	7,446	4,218	9,511	15,166	18,307	156	3,756	1,862	4,558	7,974
48	NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL	16,594	264	2,912	2,067	4,444	6,908	30,075	259	4,859	2,897	7,810	14,249	13,481	-5	1,948	831	3,367	7,341

49	LIQ+CDS+SAVBNDS	2,718	147	998	396	620	557	3,674	180	1,314	497	946	736	956	33	316	101	326	179
50	BOND+STOCKS+OTHMA+NMMF	3,440	27	452	399	1,054	1,507	9,614	56	1,278	956	2,680	4,644	6,172	29	826	556	1,626	3,137
51	CASHLI+OTHFIN	996	73	313	153	241	216	1,060	67	300	104	222	368	64	-6	-14	-50	-19	152

52	HOUSES+ORESRE	10,901	943	5,650	1,516	1,865	927	22,867	2,298	10,402	2,817	4,357	2,995	11,967	1,355	4,751	1,301	2,492	2,068
53	NNRESRE+BUS	7,763	33	692	792	2,071	4,175	12,614	54	1,360	873	2,885	7,442	4,850	21	667	81	814	3,267

54	MRTHEL+RESDEBT	2,721	526	1,503	301	280	110	7,511	1,543	3,753	686	935	494	4,690	1,016	2,250	386	655	384
55	INSTALL+OTHLOC+ODEBT	742	265	282	48	64	83	1,181	481	427	42	78	154	438	215	145	-6	14	71

56	"all other assets" (exc VEHIC, HOUSES & RETQLIQ)	4,263	242	1,429	624	957	1,011	5,319	268	1,757	642	1,336	1,314	1,056	26	328	18	380	303
57	"all other debts" (except MRTHEL & INSTALL	524	81	163	79	100	101	1,227	175	363	120	314	255	703	95	200	40	214	154
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

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Table W50-2 Corner Percentages: Each Quantile's Share of Aggregate Networth, 1989 and 2004 Note: This table is calculated from Table W50-1. For each year, the dollars in each cell in Table W50-1 are divided by the total Networth figure in Row 01, column 1 or 7. Columns 1 and 7 provide an easy way to see the relative importance of the various asset and debt categories.
		1989						2004
		Total	Quantiles of Net Worth					Total	Quantiles of Net Worth
		Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1
		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
01	NETWORTH	100.0%	2.95%	29.84%	13.05%	24.08%	30.08%	100.0%	2.54%	27.95%	11.99%	24.13%	33.38%
02	ASSET	113.8%	6.18%	36.94%	14.42%	25.43%	30.82%	117.6%	6.81%	36.52%	13.46%	26.16%	34.68%

03	FIN	35.1%	1.20%	9.83%	4.79%	9.38%	9.92%	42.0%	1.05%	10.90%	5.73%	11.04%	13.26%
04	LIQ	6.5%	0.39%	2.10%	0.86%	1.41%	1.77%	5.5%	0.30%	1.84%	0.62%	1.49%	1.28%
05	CDS	3.5%	0.14%	1.52%	0.58%	0.88%	0.35%	1.6%	0.04%	0.66%	0.33%	0.35%	0.18%
06	SAVBND	0.5%	0.03%	0.25%	0.10%	0.10%	0.04%	0.2%	0.02%	0.12%	0.03%	0.04%	0.01%
07	BOND	3.5%	0.01%	0.27%	0.39%	1.01%	1.79%	2.2%	0.00%	0.06%	0.07%	0.53%	1.56%
08	STOCKS	5.4%	0.07%	0.85%	0.55%	1.68%	2.22%	7.4%	0.04%	0.76%	0.75%	2.08%	3.76%
09	NMMF	1.9%	0.02%	0.29%	0.30%	0.64%	0.63%	6.2%	0.04%	1.12%	0.66%	2.02%	2.33%
10	RETQLIQ	7.4%	0.25%	3.01%	1.12%	1.97%	1.10%	13.4%	0.45%	5.15%	2.63%	3.39%	1.82%
11	CASHLI	2.1%	0.18%	0.89%	0.33%	0.34%	0.33%	1.2%	0.08%	0.45%	0.13%	0.31%	0.27%
12	OTHMA	2.6%	0.01%	0.35%	0.30%	0.74%	1.19%	3.4%	0.02%	0.60%	0.43%	0.71%	1.60%
13	OTHFIN	1.8%	0.10%	0.32%	0.26%	0.59%	0.50%	0.9%	0.05%	0.15%	0.07%	0.13%	0.46%

14	NFIN	78.7%	4.98%	27.11%	9.63%	16.05%	20.91%	75.6%	5.76%	25.62%	7.73%	15.12%	21.42%
15	VEHIC	4.4%	1.11%	2.12%	0.41%	0.45%	0.25%	3.9%	1.04%	1.93%	0.31%	0.37%	0.23%
16	HOUSES	35.8%	3.48%	19.91%	4.59%	5.43%	2.36%	38.0%	4.46%	19.05%	4.52%	6.24%	3.76%
17	ORESRE	6.4%	0.17%	1.94%	1.28%	1.79%	1.22%	7.5%	0.11%	1.65%	1.09%	2.43%	2.20%
18	NNRESRE	8.7%	0.04%	0.78%	0.85%	2.25%	4.79%	5.5%	0.04%	0.90%	0.62%	1.35%	2.61%
19	BUS	21.3%	0.08%	1.89%	2.22%	5.76%	11.36%	19.6%	0.07%	1.81%	1.11%	4.39%	12.20%
20	OTHNFIN	2.1%	0.09%	0.46%	0.29%	0.37%	0.92%	1.2%	0.04%	0.28%	0.08%	0.33%	0.42%

21	DEBT	13.8%	3.23%	7.10%	1.37%	1.34%	0.75%	17.6%	4.27%	8.57%	1.47%	2.03%	1.29%
22	MRTHEL	9.5%	1.97%	5.47%	0.94%	0.82%	0.27%	13.3%	3.03%	7.09%	1.18%	1.32%	0.65%
23	RESDBT	1.1%	0.07%	0.35%	0.23%	0.27%	0.15%	1.5%	0.04%	0.38%	0.19%	0.54%	0.34%
24	INSTALL	2.3%	0.95%	1.00%	0.13%	0.14%	0.08%	1.9%	0.89%	0.76%	0.05%	0.09%	0.14%
25	OTHLOC	0.3%	0.02%	0.03%	0.03%	0.02%	0.16%	0.1%	0.01%	0.03%	0.00%	0.02%	0.06%
26	CCBAL	0.4%	0.17%	0.19%	0.02%	0.01%	0.00%	0.5%	0.24%	0.25%	0.02%	0.02%	0.00%
27	ODEBT	0.3%	0.06%	0.06%	0.03%	0.09%	0.08%	0.3%	0.05%	0.06%	0.03%	0.05%	0.11%

28	EQUITY	10.0%	0.16%	2.07%	1.19%	2.96%	3.63%	19.9%	0.24%	3.98%	2.63%	5.73%	7.33%
29	INCOME

31	STOCKS+NMMF	7.2%	0.08%	1.13%	0.85%	2.32%	2.85%	13.6%	0.09%	1.88%	1.41%	4.10%	6.08%
32	STOCKS+NMMF+RETQLIQ	14.7%	0.33%	4.14%	1.97%	4.30%	3.94%	27.0%	0.54%	7.03%	4.04%	7.49%	7.91%

33	STOCKS+BUS	26.7%	0.15%	2.74%	2.77%	7.44%	13.58%	27.0%	0.11%	2.57%	1.86%	6.47%	15.96%
34	STOCKS+BUS+NMMF	28.6%	0.17%	3.03%	3.07%	8.09%	14.21%	33.1%	0.16%	3.69%	2.52%	8.50%	18.28%

35	STOCKS+BUS+NNRESRE+NMMF	37.3%	0.21%	3.81%	3.92%	10.33%	18.99%	38.7%	0.19%	4.59%	3.14%	9.84%	20.89%
36	STOCKS+BUS+NNRESRE+NMMF+ ORES	43.7%	0.38%	5.75%	5.19%	12.12%	20.22%	46.1%	0.31%	6.24%	4.23%	12.28%	23.09%
37	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA	46.3%	0.39%	6.10%	5.50%	12.86%	21.41%	49.5%	0.33%	6.83%	4.66%	12.98%	24.69%
38	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS	49.7%	0.40%	6.37%	5.88%	13.87%	23.20%	51.7%	0.33%	6.90%	4.72%	13.51%	26.25%
39	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ	57.2%	0.65%	9.38%	7.00%	15.85%	24.30%	65.14%	0.78%	12.04%	7.35%	16.89%	28.07%

40	VEHIC+HOUSES	40.1%	4.59%	22.03%	5.00%	5.88%	2.62%	41.9%	5.50%	20.98%	4.83%	6.61%	3.99%
41	VEHIC+HOUSES-MRTHEL-INSTALL	28.4%	1.68%	15.57%	3.94%	4.93%	2.26%	26.7%	1.58%	13.13%	3.60%	5.20%	3.20%
42	VEHIC+HOUSES+RETQLIQ	47.6%	4.84%	25.04%	6.12%	7.85%	3.71%	55.3%	5.95%	26.13%	7.46%	10.00%	5.81%
43	VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ	35.8%	1.93%	18.58%	5.06%	6.90%	3.35%	40.1%	2.03%	18.28%	6.23%	8.59%	5.03%

44	HOUSES minus MRTHEL	26.3%	1.51%	14.45%	3.65%	4.61%	2.09%	24.8%	1.43%	11.97%	3.34%	4.92%	3.12%

45	NFIN other than HOUSES & VEHIC	38.5%	0.38%	5.08%	4.63%	10.17%	18.29%	33.7%	0.26%	4.64%	2.91%	8.51%	17.43%
46	FIN other than RETQLIQ	27.7%	0.95%	6.82%	3.67%	7.41%	8.82%	28.5%	0.60%	5.75%	3.10%	7.66%	11.43%

47	NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL	71.6%	1.27%	14.27%	9.11%	19.16%	27.82%	73.3%	0.97%	14.82%	8.39%	18.93%	30.18%
48	NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL	64.2%	1.02%	11.26%	7.99%	17.19%	26.72%	59.9%	0.52%	9.67%	5.77%	15.54%	28.36%

49	LIQ+CDS+SAVBNDS	10.5%	0.57%	3.86%	1.53%	2.40%	2.15%	7.3%	0.36%	2.62%	0.99%	1.88%	1.46%
50	BOND+STOCKS+OTHMA+NMMF	13.3%	0.10%	1.75%	1.54%	4.08%	5.83%	19.1%	0.11%	2.54%	1.90%	5.33%	9.24%
51	CASHLI+OTHFIN	3.9%	0.28%	1.21%	0.59%	0.93%	0.84%	2.1%	0.13%	0.60%	0.21%	0.44%	0.73%

52	HOUSES+ORESRE	42.2%	3.65%	21.85%	5.86%	7.21%	3.59%	45.5%	4.57%	20.70%	5.61%	8.67%	5.96%
53	NNRESRE+BUS	30.0%	0.13%	2.68%	3.06%	8.01%	16.15%	25.1%	0.11%	2.71%	1.74%	5.74%	14.81%

54	MRTHEL+RESDEBT	10.5%	2.04%	5.82%	1.16%	1.08%	0.43%	14.7%	3.07%	7.47%	1.37%	1.86%	0.98%
55	INSTALL+OTHLOC+ODEBT	2.9%	1.03%	1.09%	0.19%	0.25%	0.32%	2.3%	0.96%	0.85%	0.08%	0.15%	0.31%

56	"all other assets" (exc VEHIC, HOUSES & RETQLIQ)	16.5%	0.94%	5.53%	2.41%	3.70%	3.91%	10.6%	0.53%	3.50%	1.28%	2.66%	2.62%
57	"all other debts" (except MRTHEL & INSTALL	2.0%	0.31%	0.63%	0.31%	0.39%	0.39%	2.4%	0.35%	0.72%	0.24%	0.62%	0.51%
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

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Table W50-3 Wealth Shares and Percent Change by Networth Quantile — 1989 and 2004
		1989						2004						Percentage point change
		Total	Quantiles of Net Worth					Total	Quantiles of Net Worth					Total	Quantiles of Net Worth
		Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1
		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)
01	NETWORTH	100.0%	3.0%	29.9%	13.0%	24.1%	30.1%	100.0%	2.5%	27.9%	12.0%	24.1%	33.4%	100.0	-0.5	-2.0	-1.0	nc	+3.3
02	ASSET	100.0	5.4	32.5	12.6	22.3	27.1	100.0	5.8	31.0	11.4	22.2	29.5	100.0	+0.4	-1.5	-1.2	-0.1	+2.4

03	FIN	100.0	3.4	28.0	13.6	26.7	28.3	100.0	2.5	23.0	13.6	26.3	31.6	100.0	-0.9	-5.0	nc	-0.4	+3.3
04	LIQ	100.0	6.0	32.2	13.2	21.7	26.9	100.0	5.4	33.3	11.2	27.0	23.1	100.0	-0.6	+1.1	-2.0	+5.3	-3.8
05	CDS	100.0	4.1	43.8	16.6	25.3	10.2	100.0	2.3	42.3	21.5	22.3	11.5	100.0	-1.8	-1.5	+4.9	-3.0	+1.3
06	SAVBND	100.0	6.7	47.6	19.1	19.3	7.3	100.0	9.8	51.0	15.3	19.9	4.0	100.0	+3.1	+3.4	-4.8	+0.6	-3.3
07	BOND	100.0	0.3	7.8	11.0	29.1	51.8	100.0	0.1	2.9	3.1	23.7	70.2	100.0	-0.2	-4.9	-7.9	-5.4	+18.4
08	STOCKS	100.0	1.2	15.8	10.1	31.4	41.3	100.0	0.6	10.3	10.1	28.2	50.9	100.0	-0.6	-5.5	nc	-3.2	+9.6
09	NMMF	100.0	0.9	15.3	16.2	34.1	33.5	100.0	0.7	18.2	10.7	32.7	37.6	100.0	-0.2	+2.9	-5.5	-1.4	+4.1
10	RETQLIQ	100.0	3.4	40.5	15.1	26.3	14.8	100.0	3.4	38.3	19.6	25.2	13.6	100.0	nc	-2.2	+4.5	-1.1	-1.2
11	CASHLI	100.0	8.8	42.8	16.0	16.4	15.9	100.0	6.5	36.2	10.7	24.9	21.6	100.0	-2.3	-6.6	-5.3	+8.5	+5.7
12	OTHMA	100.0	0.4	13.3	11.4	29.4	45.5	100.0	0.7	17.8	12.7	21.0	47.8	100.0	+0.3	+4.5	+1.3	-8.4	+2.3
13	OTHFIN	100.0	5.6	18.3	14.9	33.2	28.0	100.0	5.9	16.9	8.4	15.3	53.5	100.0	+0.3	-1.4	-6.5	-17.9	+25.5

14	NFIN	100.0	6.3	34.5	12.2	20.4	26.6	100.0	7.6	33.9	10.2	20.0	28.3	100.0	+1.3	-0.6	-2.0	-0.4	+1.7
15	VEHIC	100.0	25.6	48.7	9.5	10.4	5.8	100.0	26.8	49.8	7.9	9.6	5.8	100.0	+1.3	+1.1	-1.6	-0.8	nc
16	HOUSES	100.0	9.7	55.7	12.8	15.2	6.6	100.0	11.7	50.1	11.9	16.4	9.9	100.0	+2.0	-5.6	-0.9	+1.2	+3.3
17	ORESRE	100.0	2.6	30.4	19.9	27.9	19.2	100.0	1.5	22.0	14.5	32.5	29.4	100.0	-1.1	-8.4	-5.4	+4.6	+10.2
18	NNRESRE	100.0	0.5	9.0	9.6	25.9	55.1	100.0	0.7	16.3	11.3	24.4	47.3	100.0	+0.2	+7.3	+1.7	-1.5	-7.8
19	BUS	100.0	0.4	8.9	10.2	27.1	53.5	100.0	0.3	9.2	5.7	22.4	62.3	100.0	-0.1	+0.3	-4.5	-4.7	+8.8
20	OTHNFIN	100.0	4.1	21.5	13.6	17.4	43.4	100.0	3.6	24.4	7.0	28.7	36.2	100.0	-0.5	+2.9	-6.6	+11.3	-7.2

21	DEBT	100.0	23.4	51.5	9.9	9.8	5.4	100.0	24.2	48.6	8.3	11.5	7.3	100.0	+0.8	-2.9	-1.6	+1.7	+1.9
22	MRTHEL	100.0	20.8	57.8	9.9	8.6	2.9	100.0	22.8	53.5	8.9	10.0	4.9	100.0	+2.0	-4.3	-1.0	+1.4	+2.0
23	RESDBT	100.0	6.5	32.8	21.1	25.2	14.4	100.0	3.0	25.7	12.7	36.1	22.5	100.0	-3.5	-5.1	-8.4	+10.9	+8.1
24	INSTALL	100.0	41.3	43.5	5.5	6.1	3.7	100.0	46.2	39.3	2.8	4.5	7.2	100.0	+4.9	-4.2	-2.7	-1.6	+3.5
25	OTHLOC	100.0	7.7	10.9	11.6	8.6	61.3	100.0	10.9	25.1	1.9	15.3	46.9	100.0	+3.2	+14.2	-9.7	+6.7	-14.4
26	CCBAL	100.0	42.8	49.0	5.0	2.8	0.3	100.0	45.7	46.9	3.6	3.1	0.7	100.0	+2.9	-2.1	-1.4	+0.3	+0.4
27	ODEBT	100.0	18.6	20.4	8.6	27.5	25.0	100.0	16.9	20.3	8.9	16.8	37.0	100.0	-1.7	-0.1	+0.3	-10.7	+12.0

28	EQUITY	100.0	1.6	20.7	11.7	29.7	36.2	100.0	1.2	20.0	13.2	28.8	36.8	100.0	-0.4	-0.7	+1.5	-0.9	+0.6
29	INCOME	100.0	24.3	40.8	8.9	12.3	13.7	100.0	23.8	40.0	8.5	14.1	13.6	100.0	-0.5	-0.8	-0.4	+1.8	-0.1

31	STOCKS+NMMF	100.0	1.1	15.6	11.8	32.1	39.3	100.0	0.6	13.9	10.4	30.3	44.9	100.0	-0.5	-2.7	-1.4	-1.8	+5.5
32	STOCKS+NMMF+RETQLIQ	100.0	2.3	28.2	13.4	29.2	26.9	100.0	2.0	26.0	15.0	27.7	29.3	100.0	-0.3	-2.2	+1.6	-1.5	+2.4

33	STOCKS+BUS	100.0	0.6	10.3	10.4	27.9	50.9	100.0	0.5	9.5	6.9	24.0	59.2	100.0	-0.1	-0.8	-3.5	-3.9	+8.4
34	STOCKS+BUS+NMMF	100.0	0.6	10.6	10.8	28.9	49.7	100.0	0.5	11.1	7.6	25.6	55.2	100.0	-0.1	+0.5	-3.2	-3.3	+5.5

35	STOCKS+BUS+NNRESRE+NMMF	100.0	0.6	10.2	10.5	27.7	51.0	100.0	0.5	11.9	8.1	27.5	54.0	100.0	-0.1	+1.7	-2.4	-0.2	+3.0
36	STOCKS+BUS+NNRESRE+NMMF+ ORES	100.0	0.9	13.2	11.9	27.8	46.3	100.0	0.7	13.5	9.2	26.6	50.0	100.0	-0.2	+0.3	-2.7	-1.2	+3.7
37	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA	100.0	0.8	13.2	11.9	27.8	46.3	100.0	0.7	13.8	9.4	26.2	49.9	100.0	-0.1	+0.6	-2.5	-1.6	+3.6
38	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS	100.0	0.8	12.8	11.8	27.9	46.7	100.0	0.6	13.3	9.1	26.1	50.8	100.0	-0.2	+0.5	-2.7	-1.8	+4.1
39	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ	100.0	1.1	16.4	12.2	27.7	42.5	100.0	1.2	18.5	11.3	25.9	43.1	100.0	+0.1	+2.1	-0.9	-1.8	+0.6

40	VEHIC+HOUSES	100.0	11.5	54.9	12.5	14.7	6.5	100.0	13.1	50.1	11.5	15.8	9.5	100.0	+1.6	-3.8	-1.0	+2.1	+3.0
41	VEHIC+HOUSES-MRTHEL-INSTALL	100.0	5.9	54.9	13.9	17.4	8.0	100.0	5.9	49.2	13.5	19.5	12.0	100.0	nc	-5.7	-0.4	+2.1	+4.0
42	VEHIC+HOUSES+RETQLIQ	100.0	10.2	52.6	12.9	16.5	7.8	100.0	10.7	47.2	13.5	18.1	10.5	100.0	+0.5	-5.4	+0.6	+1.6	+2.7
43	VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ	100.0	5.4	51.9	14.1	19.3	9.4	100.0	5.1	45.5	15.5	21.4	12.5	100.0	-0.3	-6.4	+1.4	+2.1	+3.1

44	HOUSES minus MRTHEL	100.0	5.8	54.9	13.9	17.5	7.9	100.0	5.0	48.3	13.5	19.9	12.6		nc	-6.6	-0.4	+2.4	+4.7

45	NFIN other than HOUSES & VEHIC	100.0	1.0	13.2	12.0	26.4	47.5	100.0	0.8	13.7	8.6	25.2	51.7	100.0	-0.2	+0.5	-3.4	-1.2	+4.2
46	FIN other than RETQLIQ	100.0	3.4	24.6	13.3	26.8	31.9	100.0	2.1	20.2	10.9	26.8	40.1	100.0	-1.3	-4.4	-2.4	nc	+8.2

47	NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL	100.0	1.8	19.9	12.7	26.7	38.8	100.0	1.3	20.2	11.5	25.8	41.2	100.0	-0.5	+0.3	-1.2	-0.9	+2.4
48	NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL	100.0	1.6	17.5	12.5	26.8	41.6	100.0	0.9	16.2	9.6	26.0	47.4	100.0	-0.7	-1.3	-2.9	-0.8	+5.8

49	LIQ+CDS+SAVBNDS	100.0	5.4	36.7	14.6	22.8	20.5	100.0	4.9	35.8	13.5	25.8	20.0	100.0	-0.5	-0.9	-1.1	+3.0	-0.5
50	BOND+STOCKS+OTHMA+NMMF	100.0	0.8	13.1	11.6	30.6	43.8	100.0	0.6	13.3	9.9	27.9	48.3	100.0	-0.2	+0.2	-1.7	-2.7	+4.5
51	CASHLI+OTHFIN	100.0	7.3	31.4	15.4	24.2	21.7	100.0	6.3	28.3	9.8	20.9	34.7	100.0	-1.0	-3.1	-5.6	-3.3	+13.0

52	HOUSES+ORESRE	100.0	8.6	51.8	13.9	17.1	8.5	100.0	10.0	45.5	12.3	19.1	13.1	100.0	+1.4	-6.3	-1.6	+2.0	+4.6
53	NNRESRE+BUS	100.0	0.4	8.9	10.2	26.7	53.8	100.0	0.4	10.8	6.9	22.9	59.0	100.0	nc	+1.9	-3.3	-3.8	+5.2

54	MRTHEL+RESDEBT	100.0	19.3	55.2	11.0	10.3	4.1	100.0	20.8	50.6	9.3	12.6	6.7	100.0	+1.5	-4.6	-1.7	+2.3	+2.6
55	INSTALL+OTHLOC+ODEBT	100.0	35.7	38.0	6.5	8.6	11.2	100.0	40.7	36.2	3.5	6.6	13.0	100.0	+5.0	-1.8	-3.0	-2.0	+1.8

56	"all other assets" (exc VEHIC, HOUSES & RETQLIQ)	100.0	5.7	33.5	14.6	22.4	23.7	100.0	5.0	33.0	12.1	25.1	24.7	100.0	-0.7	-0.5	-2.5	+2.7	+1.0
57	"all other debts" (except MRTHEL & INSTALL	100.0	15.4	31.2	15.1	19.1	19.3	100.0	14.3	29.6	9.7	25.6	20.8	100.0	-1.1	-1.6	-5.4	+6.5	+1.5
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

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Table W50-4: Dollar Change, Percent Chg and Shares of Dollar Change, by Networth Quantile Note: This table is calculated from the data in Table W50-1. Note that between 1989 and 2004, household population increased by 20.5%. Columns 14 through 18 show what share of the increase or decrease went to each networth quantile.
		Dollar Change, 1989 to 2004 (2004$)						Percent Change in Dollars						Shares of Dollar Change
		Total	Quantiles of Net Worth					Total	Quantiles of Net Worth					Total	Quantiles of Net Worth
		Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1
		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)
01	NETWORTH	24,397	515	6,332	2,651	5,900	8,999	94.4%	67.5%	82.1%	78.6%	94.8%	115.7%	100.0%	2.1%	26.0%	10.9%	24.2%	36.9%
02	ASSET	29,691	1,826	8,802	3,035	6,574	9,455	100.9%	114.3%	92.2%	81.4%	100.0%	118.6%	100.0%	6.1%	29.6%	10.2%	22.1%	31.8%

03	FIN	12,019	218	2,937	1,640	3,125	4,099	132.4%	69.9%	115.6%	132.4%	128.9%	159.9%	100.0%	1.8%	24.4%	13.6%	26.0%	34.1%
04	LIQ	1,092	50	384	90	384	185	64.7%	49.3%	70.8%	40.4%	104.9%	40.4%	100.0%	4.6%	35.1%	8.2%	35.1%	16.9%
05	CDS	-116	-19	-62	19	-54	-1	-12.9%	-51.0%	-15.7%	12.8%	-23.6%	-0.8%	100.0%	16.1%	53.1%	-16.5%	46.5%	0.6%
06	SAVBND	-20	2	-6	-8	-4	-5	-15.1%	24.4%	-9.2%	-30.8%	-13.7%	-53.6%	100.0%	-10.8%	29.1%	38.4%	17.7%	25.6%
07	BOND	217	-2	-38	-65	3	319	24.2%	-79.3%	-54.0%	-65.1%	1.1%	68.8%	100.0%	-1.1%	-17.3%	-29.9%	1.3%	146.9%
08	STOCKS	2,326	4	163	233	611	1,315	167.9%	25.3%	74.5%	163.7%	140.6%	229.5%	100.0%	0.2%	7.0%	10.0%	26.3%	56.5%
09	NMMF	2,615	18	490	253	850	1,006	537.4%	411.4%	661.5%	321.9%	510.2%	617.1%	100.0%	0.7%	18.7%	9.7%	32.5%	38.5%
10	RETQLIQ	4,827	162	1,809	1,032	1,192	633	250.7%	249.9%	232.4%	356.5%	233.8%	223.2%	100.0%	3.4%	37.5%	21.4%	24.7%	13.1%
11	CASHLI	86	-7	-5	-19	67	49	15.9%	-13.9%	-2.0%	-22.2%	75.6%	56.6%	100.0%	-7.7%	-5.2%	-22.2%	78.1%	56.9%
12	OTHMA	1,014	9	211	135	163	496	151.4%	325.9%	235.2%	171.8%	85.0%	161.5%	100.0%	0.9%	20.8%	13.3%	16.1%	49.0%
13	OTHFIN	-22	1	-9	-31	-86	103	-4.7%	2.0%	-10.9%	-45.5%	-56.5%	79.8%	100.0%	-2.3%	41.7%	141.2%	398.6%	-478.7%

14	NFIN	17,673	1,608	5,865	1,396	3,449	5,357	86.9%	125.0%	83.7%	56.1%	83.1%	99.1%	100.0%	9.1%	33.2%	7.9%	19.5%	30.3%
15	VEHIC	810	234	421	47	70	48	72.9%	81.2%	76.8%	44.3%	59.9%	73.1%	100.0%	28.5%	51.3%	5.8%	8.6%	5.8%
16	HOUSES	9,861	1,341	4,425	1,085	1,732	1,279	106.6%	149.0%	86.0%	91.5%	123.4%	209.4%	100.0%	13.6%	44.9%	11.0%	17.6%	13.0%
17	ORESRE	2,105	14	326	216	760	789	127.3%	32.6%	65.0%	65.4%	164.6%	249.4%	100.0%	0.7%	15.5%	10.3%	36.1%	37.5%
18	NNRESRE	521	8	249	94	96	73	23.1%	69.8%	122.8%	42.9%	16.6%	5.9%	100.0%	1.6%	47.8%	18.0%	18.5%	14.1%
19	BUS	4,330	13	418	-13	718	3,194	78.6%	59.3%	85.4%	-2.3%	48.2%	108.7%	100.0%	0.3%	9.7%	-0.3%	16.6%	73.8%
20	OTHNFIN	36	-2	25	-34	73	-26	6.6%	-7.5%	21.4%	-44.9%	75.8%	-11.0%	100.0%	-4.7%	69.6%	-92.8%	200.3%	-72.4%

21	DEBT	5,295	1,310	2,470	384	674	457	148.6%	157.0%	134.6%	108.7%	194.0%	235.8%	100.0%	24.7%	46.7%	7.3%	12.7%	8.6%
22	MRTHEL	4,215	1,012	2,148	349	453	254	172.4%	199.1%	152.0%	144.4%	214.6%	358.5%	100.0%	24.0%	50.9%	8.3%	10.7%	6.0%
23	RESDBT	475	4	102	37	202	130	172.0%	24.0%	112.8%	62.4%	290.8%	328.3%	100.0%	0.9%	21.5%	7.7%	42.5%	27.4%
24	INSTALL	377	204	123	-6	7	48	63.4%	83.1%	47.6%	-16.8%	20.2%	219.6%	100.0%	54.1%	32.6%	-1.5%	1.9%	12.8%
25	OTHLOC	-2	2	9	-7	4	-11	-2.7%	42.9%	128.2%	-84.8%	78.2%	-25.9%	100.0%	-116.7%	-505.6%	372.2%	-238.9%	583.3%
26	CCBAL	166	79	76	5	5	2	165.7%	183.2%	154.0%	90.2%	192.9%	533.3%	100.0%	47.4%	45.6%	2.8%	3.3%	1.0%
27	ODEBT	64	10	13	-6	2	33	77.2%	62.5%	76.8%	79.5%	8.9%	161.7%	100.0%	15.0%	20.3%	9.1%	3.1%	52.4%

28	EQUITY	7,416	78	1,467	1,012	2,111	2,747	286.9%	192.4%	274.5%	330.0%	275.6%	293.0%	100.0%	1.1%	19.8%	13.6%	28.5%	37.0%
29	INCOME	2,341	529	897	173	429	313	41.9%	39.0%	39.4%	34.6%	62.4%	40.9%	100.0%	22.6%	38.3%	7.4%	18.3%	13.4%

31	STOCKS+NMMF	4,941	22	653	486	1,460	2,321	263.9%	104.7%	223.1%	220.1%	243.1%	315.3%	100.0%	0.5%	13.2%	9.8%	29.6%	47.0%
32	STOCKS+NMMF+RETQLIQ	9,768	184	2,462	1,518	2,652	2,954	257.2%	213.8%	229.9%	297.5%	238.8%	289.7%	100.0%	1.9%	25.2%	15.5%	27.2%	30.2%

33	STOCKS+BUS	6,656	17	581	220	1,329	4,509	96.5%	44.3%	82.1%	30.7%	69.0%	128.5%	100.0%	0.3%	8.7%	3.3%	20.0%	67.7%
34	STOCKS+BUS+NMMF	9,270	35	1,072	473	2,178	5,515	125.6%	82.0%	136.9%	59.6%	104.2%	150.1%	100.0%	0.4%	11.6%	5.1%	23.5%	59.5%

35	STOCKS+BUS+NNRESRE+NMMF	9,791	43	1,321	567	2,275	5,588	101.6%	79.4%	134.0%	56.0%	85.1%	113.8%	100.0%	0.4%	13.5%	5.8%	23.2%	57.1%
36	STOCKS+BUS+NNRESRE+NMMF+ ORES	11,896	57	1,647	783	3,035	6,377	105.4%	58.7%	110.7%	58.3%	96.8%	122.0%	100.0%	0.5%	13.8%	6.6%	25.5%	53.6%
37	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA	12,910	66	1,857	918	3,198	6,873	108.0%	65.9%	117.8%	64.6%	96.2%	124.2%	100.0%	0.5%	14.4%	7.1%	24.8%	53.2%
38	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS	13,127	64	1,820	853	3,201	7,192	102.1%	61.8%	110.5%	56.1%	89.2%	119.9%	100.0%	0.5%	13.9%	6.5%	24.4%	54.8%
39	STOCKS+BUS+NNRESRE+NMMF+ ORES+OTHMA+BONDS+RETQLIQ	17,954	225	3,628	1,885	4,392	7,825	121.5%	134.4%	149.6%	104.1%	107.2%	124.6%	100.0%	1.3%	20.2%	10.5%	24.5%	43.6%

40	VEHIC+HOUSES	10,682	1,575	4,846	1,133	1,802	1,327	103.0%	132.6%	85.1%	87.6%	118.5%	196.2%	100.0%	14.7%	45.4%	10.6%	16.9%	12.4%
41	VEHIC+HOUSES-MRTHEL-INSTALL	6,090	359	2,575	789	1,342	1,025	83.0%	82.7%	64.0%	77.5%	105.4%	175.6%	100.0%	5.9%	42.3%	13.0%	22.0%	16.8%
42	VEHIC+HOUSES+RETQLIQ	15,508	1,736	6,655	2,164	2,994	1,960	126.1%	138.6%	102.8%	136.8%	147.4%	204.2%	100.0%	11.2%	42.9%	14.0%	19.3%	12.6%
43	VEHIC+HOUSES-MRTHEL-INSTALL+RETQLIQ	10,916	521	4,384	1,821	2,533	1,658	117.9%	104.3%	91.3%	139.3%	142.1%	191.2%	100.0%	4.8%	40.2%	16.7%	23.2%	15.2%

44	HOUSES minus MRTHEL	5,647	329	2,278	736	1,279	1,025	83.0%	84.0%	61.0%	78.0%	107.3%	189.8%	100.0%	5.8%	40.3%	13.0%	22.6%	18.2%

45	NFIN other than HOUSES & VEHIC	6,991	33	1,019	263	1,647	4,030	70.2%	33.6%	77.6%	22.0%	62.7%	85.2%	100.0%	0.5%	14.6%	3.8%	23.6%	57.6%
46	FIN other than RETQLIQ	7,192	56	1,129	608	1,933	3,466	100.5%	22.7%	64.0%	64.1%	101.0%	152.0%	100.0%	0.8%	15.7%	8.5%	26.9%	48.2%

47	NETWORTH other than VEHIC & HOUSES minus MRTHEL minus INSTALL	18,307	156	3,756	1,862	4,558	7,974	98.9%	47.5%	101.8%	79.0%	92.0%	110.9%	100.0%	0.9%	20.5%	10.2%	24.9%	43.6%
48	NETWORTH other than RETQLIQ, VEHIC & HOUSES minus MRTHEL minus INSTALL	13,481	-5	1,948	831	3,367	7,341	81.2%	-2.0%	66.9%	40.2%	75.8%	106.3%	100.0%	-0.0%	14.4%	6.2%	25.0%	54.5%

49	LIQ+CDS+SAVBNDS	956	33	316	101	326	179	35.2%	22.7%	31.7%	25.5%	52.6%	32.1%	100.0%	3.5%	33.1%	10.6%	34.1%	18.7%
50	BOND+STOCKS+OTHMA+NMMF	6,172	29	826	556	1,626	3,137	179.4%	107.0%	182.8%	139.3%	154.3%	208.1%	100.0%	0.5%	13.4%	9.0%	26.3%	50.8%
51	CASHLI+OTHFIN	64	-6	-14	-50	-19	152	6.5%	-8.4%	-4.3%	-32.4%	-7.9%	70.5%	100.0%	-9.5%	-21.0%	-77.1%	-29.5%	236.9%

52	HOUSES+ORESRE	11,967	1,355	4,751	1,301	2,492	2,068	109.8%	143.7%	84.1%	85.8%	133.6%	223.0%	100.0%	11.3%	39.7%	10.9%	20.8%	17.3%
53	NNRESRE+BUS	4,850	21	667	81	814	3,267	62.5%	63.0%	96.4%	10.2%	39.3%	78.3%	100.0%	0.4%	13.8%	1.7%	16.8%	67.4%

54	MRTHEL+RESDEBT	4,690	1,016	2,250	386	655	384	172.4%	193.1%	149.6%	128.3%	233.5%	347.6%	100.0%	21.7%	48.0%	8.2%	14.0%	8.2%
55	INSTALL+OTHLOC+ODEBT	438	215	145	-6	14	71	59.1%	81.2%	51.3%	-13.4%	21.2%	85.4%	100.0%	49.1%	33.1%	-1.5%	3.1%	16.2%

56	"all other assets" (exc VEHIC, HOUSES & RETQLIQ)	1,056	26	328	18	380	303	24.8%	10.5%	22.9%	2.9%	39.7%	30.0%	100.0%	2.4%	31.0%	1.7%	35.9%	28.7%
57	"all other debts" (except MRTHEL & INSTALL	703	95	200	40	214	154	134.0%	116.8%	122.2%	51.1%	213.3%	152.9%	100.0%	13.5%	28.4%	5.8%	30.4%	22.0%
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

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Table W50-5 Ownership Rates, by Networth Quantile - nonadditive - 1989, 2004 and Point Change Note: These ownership rates shown are as reported in Currents and Undercurrents. Column 1 is, in effect, a weighted average of columns 2 through 6. The same data is displayed differently in Table W50-6.
		1989						2004						Point Change
		Total	Quantiles of Net Worth					Total	Quantiles of Net Worth					Total	Quantiles of Net Worth
		Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1
		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)
02	ASSET	94.7%	89.3%	100.0%	100.0%	100.0%	100.0%	97.9%	95.9%	100.0%	100.0%	100.0%	100.0%	+3.2	+6.6	nc	nc	nc	nc

03	FIN	88.9	78.8	98.7	100.0	100.0	100.0	93.8	87.9	99.6	100.0	100.0	100.0	+4.9	+9.1	+.9	nc	nc	nc
04	LIQ	85.6	73.0	97.7	100.0	100.0	100.0	91.3	83.8	98.6	100.0	100.0	100.0	+5.7	+10.8	+.9	nc	nc	nc
05	CDS	19.9	7.7	28.9	43.5	48.3	32.5	12.7	4.4	19.0	29.9	28.7	26.3	-7.2	-3.3	-9.9	-13.6	-19.6	-6.2
06	SAVBND	23.9	14.1	33.8	35.6	34.3	18.2	17.6	9.7	24.8	29.1	30.0	17.8	-6.3	-4.4	9.0	-6.5	-4.3	-0.4
07	BOND	5.7	0.7	5.9	21.1	37.2	45.8	1.8	0.1	1.3	7.4	15.2	30.6	-3.9	-0.6	-4.6	-13.7	-22.0	-15.2
08	STOCKS	16.9	5.6	21.3	46.2	62.4	72.7	20.7	6.5	27.8	56.3	68.8	69.6	+3.8	+0.9	+6.5	+10.1	+6.4	-3.1
09	NMMF	7.3	1.6	8.8	25.9	31.4	39.3	15.0	4.6	20.0	39.5	57.3	44.9	+7.7	+3.0	+11.2	+13.6	+25.9	+5.6
10	RETQLIQ	37.0	18.8	51.5	67.3	72.6	71.6	49.7	28.7	67.7	80.3	84.4	82.7	+12.7	+9.9	+16.2	+13.0	+11.8	+11.1
11	CASHLI	35.5	21.0	47.3	58.9	62.6	64.8	24.2	13.5	32.6	43.6	42.4	48.1	-11.3	-7.5	-14.7	-15.3	-20.2	-16.7
12	OTHMA	3.7	0.7	5.0	9.9	14.9	26.6	7.3	1.2	11.5	19.7	20.7	26.3	+3.6	+0.5	+6.5	+9.8	+5.8	-0.3
13	OTHFIN	13.8	12.4	12.2	26.8	25.6	32.1	9.9	8.2	10.5	14.1	16.2	28.2	-3.9	-4.2	-1.7	-12.7	-9.4	-3.9

14	NFIN	89.2	78.9	99.5	100.0	99.9	99.3	92.5	85.6	99.3	99.9	100.0	100.0	+3.3	+6.7	-0.2	-0.1	+0.1	+0.7
15	VEHIC	83.8	72.9	94.8	94.2	94.5	90.7	86.3	79.5	93.3	94.7	90.8	94.2	+2.5	+6.6	-1.5	+0.5	-3.7	+3.5
16	HOUSES	63.9	34.9	92.9	93.6	92.3	86.5	69.1	43.3	94.3	97.3	96.3	97.5	+5.2	+8.4	+1.4	+3.7	+4.0	+11.0
17	ORESRE	13.2	3.3	17.7	37.3	49.4	62.7	12.5	2.7	16.5	37.6	51.4	64.7	-0.7	-0.6	-1.2	+0.3	+2.0	+2.0
18	NNRESRE	11.1	3.1	14.8	28.1	42.4	54.7	8.3	2.1	10.9	24.9	27.9	49.7	-2.8	-1.0	-3.9	-3.2	-14.5	-5.0
19	BUS	11.7	3.4	13.1	34.9	55.2	72.8	11.5	3.2	14.5	30.6	45.3	72.1	-0.2	-0.2	+1.4	-4.3	-9.9	-0.7
20	OTHNFIN	12.4	7.0	14.9	28.6	28.0	41.9	7.8	4.2	9.6	13.3	23.5	27.8	-4.6	-2.8	-5.3	-15.3	-4.5	-14.1

21	DEBT	72.3	69.4	76.6	67.9	71.3	65.3	76.4	74.4	80.0	74.8	70.6	67.9	+4.1	+5.0	+3.4	+6.9	-0.7	+2.6
22	MRTHEL	39.5	22.5	58.5	51.1	47.1	36.0	47.9	32.7	64.3	60.7	56.8	51.5	+8.4	+10.2	+5.8	+9.6	+9.7	+15.5
23	RESDBT	5.2	1.2	6.4	17.2	23.0	21.7	4.0	0.7	5.0	11.5	21.1	23.1	-1.2	-0.5	-1.4	-5.7	-1.9	+1.4
24	INSTALL	49.4	53.7	48.2	33.5	34.8	17.9	46.0	50.0	45.7	28.5	25.3	26.1	-3.4	-3.7	-2.5	-5.0	-9.5	+8.2
25	OTHLOC	3.2	3.4	2.6	3.4	5.0	6.6	1.6	1.5	1.7	0.3	2.1	4.1	-1.6	-1.9	-0.9	-3.1	-2.9	-2.5
26	CCBAL	39.7	37.9	46.9	23.7	16.0	14.8	46.2	49.2	48.2	25.9	22.6	13.3	+6.5	+11.3	+1.3	+2.2	+6.6	-1.5
27	ODEBT	6.7	5.6	6.5	9.2	16.9	14.6	7.6	7.8	7.1	8.7	8.8	11.6	+0.9	+2.2	-0.6	-0.5	-8.1	-3.0

28	EQUITY	31.8	13.9	43.1	69.9	79.3	86.8	48.6	25.8	66.5	87.8	93.3	93.3	+16.8	+11.9	+23.4	+17.9	+14.0	+6.5

49	LIQ+CDS+SAVBNDS							91.9	84.6	99.0
50	BOND+STOCKS+OTHMA+NMMF							32.1	11.6	45.0
51	CASHLI+OTHFIN							24.2	13.5	32.6

52	HOUSES+ORESRE							69.1	43.3	94.3
53	NNRESRE+BUS							17.5	5.2	23.4

54	MRTHEL+RESDEBT							48.9	33.0	65.3
55	INSTALL+OTHLOC+ODEBT							49.8	53.7	48.9
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

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Table W50-6 Ownership Rates by Networth Quantile - additive - 1989 and 2004 Note: these ownership rates are calculated from the corresponding cells in Table W50-5 by multiplying the incidence rate by the size of the quantile. Columns 1 is the sum of columns 2 through 6. They are used to generate the data in Table W50-6.
		1989						2004
		Total	Quantiles of Net Worth					Total	Quantiles of Net Worth
		Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1
		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
02	ASSET	94.7%	44.7%	40.0%	5.0%	4.0%	1.0%	97.9%	48.0%	40.0%	5.0%	4.0%	1.0%

03	FIN	88.9	39.4	39.5	5.0	4.0	1.0	93.8	44.0	39.8	5.0	4.0	1.0
04	LIQ	85.6	36.5	39.1	5.0	4.0	1.0	91.3	41.9	39.4	5.0	4.0	1.0
05	CDS	19.9	3.9	11.6	2.2	1.9	0.3	12.7	2.2	7.6	1.5	1.1	0.3
06	SAVBND	23.9	7.1	13.5	1.8	1.4	0.2	17.6	4.9	9.9	1.5	1.2	0.2
07	BOND	5.7	0.4	2.4	1.1	1.5	0.5	1.8	0.1	0.5	0.4	0.6	0.3
08	STOCKS	16.9	2.8	8.5	2.3	2.5	0.7	20.7	3.3	11.1	2.8	2.8	0.7
09	NMMF	7.3	0.8	3.5	1.3	1.3	0.4	15.0	2.3	8.0	2.0	2.3	0.4
10	RETQLIQ	37.0	9.4	20.6	3.4	2.9	0.7	49.7	14.4	27.1	4.0	3.4	0.8
11	CASHLI	35.5	10.5	18.9	2.9	2.5	0.6	24.2	6.8	13.0	2.2	1.7	0.5
12	OTHMA	3.7	0.4	2.0	0.5	0.6	0.3	7.3	0.6	4.6	1.0	0.8	0.3
13	OTHFIN	13.8	6.2	4.9	1.3	1.0	0.3	9.9	4.1	4.2	0.7	0.6	0.3

14	NFIN	89.2	39.5	39.8	5.0	4.0	1.0	92.5	42.8	39.7	5.0	4.0	1.0
15	VEHIC	83.8	36.5	37.9	4.7	3.8	0.9	86.3	39.8	37.3	4.7	3.6	0.9
16	HOUSES	63.9	17.5	37.2	4.7	3.7	0.9	69.1	21.7	37.7	4.9	3.9	1.0
17	ORESRE	13.2	1.7	7.1	1.9	2.0	0.6	12.5	1.4	6.6	1.9	2.1	0.6
18	NNRESRE	11.1	1.6	5.9	1.4	1.7	0.5	8.3	1.1	4.4	1.2	1.1	0.5
19	BUS	11.7	1.7	5.2	1.7	2.2	0.7	11.5	1.6	5.8	1.5	1.8	0.7
20	OTHNFIN	12.4	3.5	6.0	1.4	1.1	0.4	7.8	2.1	3.8	0.7	0.9	0.5

21	DEBT	72.3	34.7	30.6	3.4	2.9	0.7	76.4	37.2	32.0	3.7	2.8	0.7
22	MRTHEL	39.5	11.3	23.4	2.6	1.9	0.4	47.9	16.4	25.7	3.0	2.3	0.5
23	RESDBT	5.2	0.6	2.6	0.9	0.9	0.2	4.0	0.4	2.0	0.6	0.8	0.2
24	INSTALL	49.4	26.9	19.3	1.7	1.4	0.2	46.0	25.0	18.3	1.4	1.0	0.3
25	OTHLOC	3.2	1.7	1.0	0.2	0.2	0.1	1.6	0.8	0.7	0.0	0.1	0.0
26	CCBAL	39.7	19.0	18.8	1.2	0.6	0.1	46.2	24.6	19.3	1.3	0.9	0.1
27	ODEBT	6.7	2.8	2.6	0.5	0.7	0.1	7.6	3.9	2.8	0.4	0.4	0.1

28	EQUITY	31.8	7.0	17.2	3.5	3.2	0.9	48.6	12.9	26.6	4.4	3.7	0.9

49	LIQ+CDS+SAVBNDS							91.9	42.3	39.6
50	BOND+STOCKS+OTHMA+NMMF							32.1	5.8	18.0
51	CASHLI+OTHFIN							24.2	6.8	13.0

52	HOUSES+ORESRE							69.1	21.7	37.7
53	NNRESRE+BUS							17.5	2.6	9.4

54	MRTHEL+RESDEBT							48.9	16.5	26.1
55	INSTALL+OTHLOC+ODEBT							49.8	26.9	19.6
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11

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Table W50-7 Holdings per 1% who hold, by Networth Quantile — 1989 and 2004 This table is calculated by dividing the dollar holdings from Table W50-1 by the Ownership Rates (additive) in Table W50-6. Data can be compared up and down any single column and across quantiles in a single year. However, caution should be used in making year-to-year comparisons, because the household population increased 20.5% between 1989 and 2004, and this data relates to the holdings per 1% of the household population. In other words, if holdings per 1% who hold increased by only 20%, then that quantile's average holdings-per-household actually decreased. Table W50-8 looks at the year to year changes.
		1989						2004
		Total	Quantiles of Net Worth					Total	Quantiles of Net Worth
		Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1
01	NETWORTH
02	ASSET	311	36	239	745	1,643	7,969	604	71	459	1,353	3,287	17,425

03	FIN	102	8	64	248	606	2,564	225	12	138	576	1,387	6,663
04	LIQ	20	3	14	44	91	457	30	4	23	62	187	642
05	CDS	45	10	34	68	118	278	61	8	43	112	152	341
06	SAVBND	6	1	5	14	19	53	6	2	6	12	19	25
07	BOND	158	8	29	95	176	1,013	620	12	62	94	435	2,559
08	STOCKS	82	6	26	62	174	788	179	7	34	133	380	2,713
09	NMMF	67	6	21	61	133	415	207	10	71	168	443	2,603
10	RETQLIQ	52	7	38	86	176	396	136	16	96	329	504	1,109
11	CASHLI	15	5	12	29	35	133	26	6	17	31	92	281
12	OTHMA	181	8	45	159	321	1,155	231	19	65	217	428	3,056
13	OTHFIN	33	4	17	50	149	404	44	6	18	52	102	826

14	NFIN	228	33	176	498	1,038	5,443	411	68	324	778	1,899	10,762
15	VEHIC	13	8	14	23	31	72	23	13	26	33	52	120
16	HOUSES	145	52	139	253	380	706	277	103	254	467	814	1,938
17	ORESRE	125	26	71	177	234	504	301	42	125	290	594	1,708
18	NNRESRE	203	7	34	156	343	2,263	334	19	104	251	607	2,638
19	BUS	471	13	93	328	675	4,034	856	21	157	366	1,219	8,503
20	OTHNFIN	44	6	20	52	85	568	75	10	37	62	179	763

21	DEBT	49	24	60	104	122	296	116	58	135	197	362	957
22	MRTHEL	62	45	60	95	112	197	139	93	138	195	292	630
23	RESDBT	53	30	35	68	75	182	188	63	96	166	321	734
24	INSTALL	12	9	13	20	26	122	21	18	21	19	43	268
25	OTHLOC	21	3	7	46	28	614	40	9	24	80	117	732
26	CCBAL	3	2	3	4	4	2	6	5	6	7	9	14
27	ODEBT	12	5	6	16	33	141	19	6	10	30	69	465

28	EQUITY	81	6	31	88	242	1,080	206	9	75	300	771	3,949
29	INCOME*	56	27	57	100	172	767	79	38	79	134	279	1,080

44	HOUSES minus MRTHEL**	106	22	101	202	323	624	180	33	159	345	642	1,606
** use with caution, because it ignores the difference in incidence between ownership of HOUSES and holding of MRTHEL, using just the incidence level for HOUSES.
49	LIQ+CDS+SAVBNDS							40	4	33
50	BOND+STOCKS+OTHMA+NMMF							299	10	71
51	CASHLI+OTHFIN							44	10	23

52	HOUSES+ORESRE							331	106	276
53	NNRESRE+BUS							721	21	145

54	MRTHEL+RESDEBT							152	93	144
55	INSTALL+OTHLOC+ODEBT							24	18	22
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11 *calculations assume that all households have income.

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Table W50-8 Holdings per 1% who hold - Change and Percent Change, 1989-2004, by Networth Quantile Note: As described in Table W50-7, because the household population increased by 20.5% between 1989 and 2004, an increase of less than 20.5% in columns 7 through 12 represents a decrease in the average holdings per holding household within that quantile. This table is generated from Table W50-7.
		Change in Holdings per 1% Who Hold, 1989-2004						% Change in Holdings per 1% who hold, 1989-2004*
		Total	Quantiles of Net Worth					Total	Quantiles of Net Worth
		Total	B50	N40	N5	N4	T1	Total	B50	N40	N5	N4	T1
		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
02	ASSET	293	36	220	607	1,643	9,455	94.4%	99.5%	92.2%	81.4%	100.0%	118.6%

03	FIN	123	4	73	328	781	4,099	120.2%	52.3%	113.6%	132.4%	128.9%	159.9%
04	LIQ	11	1	10	18	96	185	54.4%	30.1%	69.2%	40.4%	104.9%	40.4%
05	CDS	16	-1	10	44	34	63	36.4%	-14.2%	28.2%	64.2%	28.5%	22.6%
06	SAVBND	1	1	1	-2	0	-28	15.2%	80.9%	23.7%	-15.4%	-1.4%	-52.6%
07	BOND	462	4	32	0	259	1,547	293.3%	44.8%	108.7%	-0.5%	147.4%	152.7%
08	STOCKS	97	0	9	72	206	1,924	118.7%	7.9%	33.7%	116.4%	118.3%	244.1%
09	NMMF	140	4	49	107	311	2,188	210.2%	77.9%	235.1%	176.6%	234.4%	527.6%
10	RETQLIQ	84	9	58	243	328	712	161.1%	129.2%	152.9%	282.6%	187.1%	179.8%
11	CASHLI	11	2	5	2	56	148	70.1%	33.9%	42.3%	5.2%	159.3%	111.0%
12	OTHMA	50	11	20	58	107	1,901	27.4%	148.5%	45.7%	36.6%	33.2%	164.5%
13	OTHFIN	11	2	1	2	-47	423	32.8%	54.2%	3.5%	3.5%	-31.3%	104.6%

14	NFIN	183	35	148	280	861	5,319	80.2%	107.4%	84.1%	56.2%	82.9%	97.7%
15	VEHIC	9	5	12	10	21	48	67.8%	66.1%	79.7%	43.6%	66.4%	66.7%
16	HOUSES	132	52	115	213	434	1,232	91.1%	100.7%	83.2%	84.3%	114.1%	174.5%
17	ORESRE	175	16	55	113	361	1,203	140.1%	62.0%	77.0%	64.1%	154.3%	238.6%
18	NNRESRE	131	11	69	95	264	375	64.7%	150.7%	202.6%	61.3%	77.2%	16.6%
19	BUS	385	9	63	38	544	4,469	81.7%	69.3%	67.5%	11.5%	80.6%	110.8%
20	OTHNFIN	31	3	17	10	93	194	69.5%	54.1%	88.4%	18.4%	109.5%	34.1%

21	DEBT	67	34	75	93	240	661	135.2%	139.7%	124.7%	89.4%	196.9%	222.9%
22	MRTHEL	77	48	78	100	180	434	124.6%	105.8%	129.3%	105.7%	160.9%	220.5%
23	RESDBT	135	34	61	98	246	552	253.6%	112.6%	172.4%	142.9%	326.0%	302.3%
24	INSTALL	9	9	7	0	17	146	75.5%	96.7%	55.7%	-2.2%	65.3%	119.2%
25	OTHLOC	20	6	17	34	89	118	94.5%	223.8%	249.0%	72.2%	324.2%	19.2%
26	CCBAL	3	3	4	3	5	12	128.3%	118.2%	147.1%	74.0%	107.3%	604.8%
27	ODEBT	7	1	4	14	36	324	56.2%	16.7%	61.8%	89.8%	109.2%	229.3%

28	EQUITY	125	3	44	213	530	2,869	153.1%	57.5%	142.7%	242.3%	219.2%	265.7%
29	INCOME*	23	11	19	34	107	313	41.1%	40.7%	33.3%	34.0%	62.0%	40.8%

44	HOUSES minus MRTHEL**	74	11	58	143	319	982	69.8%	50.0%	57.4%	98.8%	157.4%
Source: Wealthandwant calculations from Currents and Undercurrents: Changes in the Distribution of Wealth, 1989-2004, Tables 10 and 11 *calculations assume that all households have income.

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themes:

wealth concentration

wealth from land appreciation

urban land values relative to rural

land includes

land different from capita

land as common property

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