Table 1
Mean value of assets and debts, by household type, 1999
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| Working-age (25 to 44) | Working-age (45 to 64) | Retirement-age (65 to 74) | Retirement-age (75 to 84) | |||||
|---|---|---|---|---|---|---|---|---|
| dollars per adult equivalent |
percent | dollars per adult equivalent | percent | dollars per adult equivalent | percent | dollars per adult equivalent | percent | |
| Assets | ||||||||
| Private pension assets | 21,184 | 19.5 | 93,074 | 37.0 | 115,617 | 41.4 | 66,376 | 30.4 |
| Other financial assets | 8,740 | 8.1 | 25,724 | 10.2 | 42,327 | 15.2 | 54,195 | 24.8 |
| Principal residence | 44,592 | 41.1 | 73,598 | 29.2 | 74,948 | 26.8 | 69,037 | 31.6 |
| Other real estate | 7,750 | 7.1 | 17,956 | 7.1 | 15,469 | 5.5 | 8,474 | 3.9 |
| Other non-financial assets | 16,165 | 14.9 | 23,537 | 9.4 | 20,707 | 7.4 | 15,577 | 7.1 |
| Equity in business | 9,990 | 9.2 | 17,815 | 7.1 | 10,131 | 3.6 | 4,677 | 2.1 |
| Total | 108,423 | 100.0 | 251,705 | 100.0 | 279,200 | 100.0 | 218,337 | 100.0 |
| Debts | ||||||||
| Mortgage on principal residence |
21,504 | 71.6 | 15,772 | 60.4 | 3,133 | 46.3 | 1,186 | 59.4 |
| Mortgage on other real estate |
2,317 | 7.7 | 4,045 | 15.5 | 1,421 | 21.0 | 114 | 5.7 |
| Other debt | 6,218 | 20.7 | 6,283 | 24.1 | 2,215 | 32.7 | 694 | 34.8 |
| Total | 30,039 | 100.0 | 26,101 | 100.0 | 6,769 | 100.0 | 1,995 | 100.0 |
Note(s):
All dollar values are per adult-equivalent amounts adjusted to account
for economies of scale in larger households.
Source(s):
Authors' calculations based on Survey of Financial Security
(1999).
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