Table 3

Prevalence and median values ($)* of assets and debts, Survey of Consumer Finances (SCF) and Health and Retirement Survey (HRS), 2004

	SCF						HRS
	Black		Hispanic		White		Black		Hispanic		White
	Percent	Median	Percent	Median	Percent	Median	Percent	Median	Percent	Median	Percent	Median
Assets
Checking account†	72	800	66	900	88	1800	62	1900	55	2500	92	9000
Vehicles	73	10000	83	9000	92	17800	64	7000	67	7000	88	50000
Primary residence	49	113000	47	148000	77	175000	59	80000	60	100000	82	150000
Retirement funds	39	15000	28	15000	63	40000	14	25000	14	30000	45	40000
Savings account	40	1290	32	1000	54	3300	–	–	–	–	–	–
Mutual funds/stocks	–	–	–	–	–	–	8	10000	7	20000	37	20000
Debts
Mortgage, primary residence	41	70000	39	98000	63	104000	30	50000	28	65000	34	75000
Credit card balance‡	50	1980	50	2000	53	2800	40	5000	28	5000	30	5000
Other instalment loans	52	9600	40	10000	55	13000	–	–	–	–	–	–

*Among those who owned the asset/debt; assets/debts are included if they were owned by at least 25% of the entire sample.
†In the HRS, also includes savings and money market accounts.
‡In the HRS, also includes other debt.