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    Chapter 1: Wealth Gaps by Age

    Household median net worth in the U.S. stood at $71,635 in 2009. Across age groups, net worth varied from just $3,662 for households headed by adults younger than 35 to $170,494 for households headed by adults ages 65 and older. Net worth was $39,601 for households headed by 35- to 44-year-olds, $101,651 for households headed […]

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    The Rising Age Gap in Economic Well-Being

    Households headed by older adults have made dramatic gains relative to those headed by younger adults in their economic well-being over the past quarter of a century.

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    Recession Takes Its Toll on Household Wealth

    The net worth of households in the U.S. fell sharply from 2005 to 2009, declining by 28%. But the drop in household wealth affected minorities disproportionately.

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    Chapter 4: Asset Ownership

    The most ubiquitous assets in American households are owned homes, motor vehicles and interest-earning assets at financial institutions (savings accounts, etc.). About half of all households also carry some form of unsecured liability. The combination of relatively high ownership rates and high levels of equity places an owned home at the center of most household […]

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    Chapter 1: The Macroeconomic Context

    The period of 2005 to 2009 was marked by a series of tumultuous economic developments. A bubble in the housing market burst in 2006, triggering the Great Recession in 2007 and a stock market collapse in 2007-2008. Each of these events was historic in its magnitude, and it is not surprising that household wealth would […]

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    Section 1: A Demographic Portrait of Muslim Americans

    Muslim Americans are a heavily immigrant population. Of those age 18 and older, more than six-in-ten (63%) were born abroad, and many are relative newcomers to the United States: Fully one-quarter of all U.S. Muslim adults (25%) have arrived in this country since 2000. The Muslim American population also is significantly younger and more racially […]

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    Chapter 5: Which Assets are Most Important?

    Chapter 5: Which Assets are Most Important? The importance of an asset to household wealth depends on its prevalence and its value. For that reason, homeownership plays a central role for most households—it is a high value asset, and most U.S. households own their homes. The diversity of a portfolio also matters. Although Hispanics and […]