Racial and Ethnic Differences in Wealth and Asset Choices

by Sharmila Choudhury
Social Security Bulletin, Vol. 64, No. 4, 2001/2002
Table equivalent for Chart 1. Ownership of various forms of wealth, by race and ethnicity and education (in percent)
Education White Black Hispanic
Housing equity
Less than high school 76.08 51.61 51.13
High school 86.40 61.51 58.23
Some college 84.78 66.85 77.77
College 86.45 83.50 74.82
Stocks and bonds
Less than high school 14.65 2.31 2.40
High school 32.41 7.69 11.97
Some college 43.72 20.19 22.94
College 57.50 26.08 13.65
Risky assets a
Less than high school 34.94 8.90 9.63
High school 63.40 22.79 34.00
Some college 71.07 36.33 38.86
College 84.51 56.40 40.88
IRAs and Keoghs
Less than high school 23.58 5.12 5.55
High school 48.49 15.83 27.07
Some college 53.16 25.47 16.21
College 69.99 35.42 22.77
SOURCE: Health and Retirement Study wave 1 (1992).
NOTE: IRAs = individual retirement accounts.
a. Risky assets are the sum of stocks and bonds, IRAs and Keoghs, and other financial assets.