Table 7
Transition matrices of retirement-age households (75 to 84),
income, 1999
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| Wealth-adjusted (excluding net value of principal residence) |
Wealth-adjusted (including net value of principal residence) |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Quintile | Quintile | |||||||||
| Bottom | Second | Third | Fourth | Top | Bottom | Second | Third | Fourth | Top | |
| percent | ||||||||||
| Quintile of origin | ||||||||||
| Bottom | 69 | 23 | 6 | 1 | 0 | 49 | 30 | 17 | 3 | 1 |
| Second | 11 | 62 | 16 | 8 | 2 | 14 | 40 | 31 | 10 | 6 |
| Third | 6 | 24 | 39 | 21 | 9 | 1 | 16 | 39 | 31 | 14 |
| Fourth | 2 | 10 | 16 | 38 | 34 | 1 | 3 | 15 | 39 | 42 |
| Top | 0 | 2 | 6 | 9 | 83 | 0 | 2 | 5 | 9 | 84 |
Source(s):
Survey of Financial Security (1999).
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