http://christianparty.net/assetownership.htm
Asset Ownership of Households: 1993
Between 1984 and 1993, a period of nine years, the "median values of
holdings" for "own homes" in the US decreased by 17%, from $56,430 to
$46,669. In 1996 the Census Bureau changed the format for reporting this
asset change so a direct comparison cannot be made to prior years, and since
1996 this data hasn't been reported separately. If this trend continued,
however, then in 1997 it was down to $42,120 and in 2000 to $37,240. The
increase in the number of female headed households, whose median net worth
is less than $15,000 each, is one of the primary factors for this loss of
household assets.
To make matters worse, in 2000, Personal Saving became NEGATIVE at the same
time that mortgage debt reached a record high of $5 trillion, a five fold
increase in just 20 years, and since then, American "investors" lost another
$7.2 trillion in the stock market.
The problem is that in 1991, per the US Census Bureau, only 20.7 million
American households held stocks and mutual fund shares with a median value
of only $5,490, which is only $114 billion. How then did American
"investors" manage to lose $7.2 trillion during that time? They mortgaged
to the hilt the only asset they had, their homes, in order to make a "quick
killing" in the stock market.
But in 1991, 64.7 million homeowners had equity worth a median of only
$43,070, which is less than $2.8 trillion, and their total equity was less
than $4.8 trillion, which means that this stock market loss was $2.4
trillion more than they had in assets.
1991 Asset Number of Households Median Asset Value Total Value ($billions)
Interest-earning Assets 73,200,000 3,709 271.5
Other Interest-earning Assets 9,000,000 16,058 144.5
Checking Accounts 46,000,000 529 24.3
Stocks & Mutual Funds Shares 20,700,000 $5,490 $113.6
Own homes 64,700,000 43,070 2,786.6
Rental Property 9,000,000 31,270 281.4
Other Real Estate 10,700,000 20,140 215.5
Vehicles 86,400,000 5,555 480.0
Business or Profession 11,700,000 10,203 119.4
U.S. Savings Bonds 18,100,000 610 11.0
IRA or Keogh Accounts 22,900,000 11,886 272.2
Other Financial Investments 2,800,000 19,031 53.3
TOTAL $4,773.3
Alan Greenspan served his purpose: he greatly assisted worldwide zionism in
its final looting of the American republic.
http://www.census.gov/prod/1/pop/p70-47.pdf
Highlights
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)
in 1993.
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
1993. Both male- and female-maintained households had median measured net
worth approximately
one-fifth that of married-couple households in 1993.
x Households headed by females experienced a decline in their median
measured net worth, from
$15,518 (± $1,506) (in 1993 dollars) in 1991 to $13,294 (± $1,112) in 1993.
This decline was
concentrated among female householders age 35 to 54.
John Knight
