Skip to main content

Table 3 Change in households’ asset holdings between 2006 and 2010

From: The impact of the recession on the wealth of older immigrant and native households in the United States

Asset category Change in the % of HHs holding the asset Conditional on positive holding
Mean difference Median difference
Native Households    
Financial Assets −1.2% −34,034 2,341
Stocks −2.3% −48,815 4,309
Bank Accounts −2.5% 5,922 1,187
CDs −5.3% 7,372 2,967
Bonds 0.3% −92,792 −2,659
Other Financial Wealth 1.2% −30,970 −951
Home Equity (Primary Home) −0.5% −54,715 −20,045
Home Equity (Secondary home) 0.5% −64,062 −10,285
Home Equity (Other real estate) −2.8% −151,599 −8,130
Non-Mortgage Debt 2.4% 1,210 593
Business Assets −0.6% −156,420 −36,260
Vehicle Assets −2.4% −2,605 −1,220
IRAs & Keoghs −0.3% −44,663 3,496
Net Worth −0.1% −178,913 −33,634
Mixed Households    
Financial Assets −7.1% −21,649 18,435
Stocks −0.1% −22,939 −8,130
Bank Accounts −9.1% −21,449 −313
CDs −5.8% −13,124 −2,033
Bonds 1.1% 74,421 −4,065
Other Financial Wealth 3.1% −12,095 5,398
Home Equity (Primary Home) −2.4% −125,542 −46,260
Home Equity (Secondary home) 1.8% −77,851 −47,663
Home Equity (Other real estate) −0.8% 34,617 −170,325
Non-Mortgage Debt −1.1% −6,608 −238
Business Assets −2.4% −360,425 37,805
Vehicle Assets −5.1% −325 −976
IRAs & Keoghs 3.6% −58,457 −4,963
Net Worth −1.2% −229,650 −111,512
Immigrant Households    
Financial Assets −11.6% 35,674 12,571
Stocks −1.4% −187,285 −82,195
Bank Accounts −18.2% 17,642 593
CDs −2.9% 17,376 11,858
Bonds −0.7% 180,460 49,858
Other Financial Wealth 0.4% 101,472 3,508
Home Equity (Primary Home) 1.1% −54,592 −66,260
Home Equity (Secondary home) −0.4% −36,166 −101,260
Home Equity (Other real estate) −4.9% −44,005 15,305
Non-Mortgage Debt −5.2% 4,007 2,756
Business Assets −1.7% 1,190,533 148,618
Vehicle Assets −15.0% 2,077 −1,650
IRAs & Keoghs 2.4% 96,006 27,378
Net Worth −3.8% 11,924 −87,364