Racial and Ethnic Differences in Wealth Holdings and Portfolio Choices

by Sharmila Choudhury
ORES Working Paper No. 95 (released April 2002)
Table equivalent for Chart 1. Ownership of various forms of wealth, by race/ethnicity and education (in percent)
Education White Black Hispanic
Housing wealth
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
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
Stocks or 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
IRAs/Keogh
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: HRS wave 1 (1992).
a. Risky assets are the sum of stocks, bonds, IRAs/Keoghs, and other financial assets.