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Average household liabilities and assets, by wealth group, 1962–2010 (thousands of 2010 dollars)

Wealth fifth Breakdown of top fifth
Bottom two Middle Fourth 80th–<90th percentile 90th–<99th percentile Top 1%
Total debt
1962 $19.8 $35.3 $35.7 $34.5 $46.6 $238.0
1983 16.8 34.9 44.8 65.8 91.1 547.3
1989 32.1 45.5 59.3 65.6 121.5 596.8
1998 32.6 61.2 63.4 88.2 140.4 378.1
2001 31.4 62.2 74.5 98.4 150.6 401.2
2007 47.8 98.9 116.4 127.0 241.4 545.8
2010 57.4 88.1 86.1 130.0 233.6 578.3
Total assets
1962 $20.9 $88.1 $165.8 $306.0 $770.1 $6,728.6
1983 23.0 109.1 223.5 438.7 1,180.3 10,145.9
1989 26.7 124.2 260.0 488.2 1,322.7 12,772.7
1998 34.1 142.9 279.2 549.6 1,495.2 14,028.3
2001 35.0 154.5 339.6 702.2 2,134.2 16,028.4
2007 50.2 210.3 422.6 801.3 2,652.3 19,990.2
2010 46.8 149.1 303.0 697.0 2357.6 17017.7
Net worth
1962 $1.1 $52.7 $130.1 $271.4 $723.6 $6,490.6
1983 6.3 74.2 178.7 372.9 1,089.3 9,598.6
1989 -5.5 78.7 200.7 422.6 1,201.2 12,176.0
1998 1.5 81.6 215.8 461.3 1,354.8 13,650.2
2001 3.5 92.3 265.1 603.7 1,983.6 15,627.3
2007 2.3 111.5 306.2 674.3 2,411.0 19,444.4
2010 -10.6 61.0 216.9 567.0 2,124.1 16,439.4

Source: Wolff (2012)

Updated August 22, 2012

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See note to Table 6.1.

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