CURRENT POPULATION REPORTS
Household Economic Studies
by T.J. Eller and Wallace Fraser
The Survey of Income and Program Participation
U.S. Department of Commerce
Economics and Statistics Administration
BUREAU OF THE CENSUS
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)
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