GroundView®: Household Financial Asset and Wealth - geoenrichment - 2022.12.0

Spectrum GroundView®: Household Financial Asset and Wealth Guide

Product type
Data
Portfolio
Enrich
Product family
Spectrum
Product
Spectrum > GeoEnrichment
Version
2022.12.0
Language
English
Product name
Spectrum Technology Platform
Title
Spectrum GroundView®: Household Financial Asset and Wealth Guide
Copyright
2024
First publish date
2007
ft:lastEdition
2024-06-10
ft:lastPublication
2024-06-10T17:33:49.338355

Household wealth or net worth is the difference between total assets and total liabilities at the household level. Assets include financial assets, vehicles, primary residence, investment real estate, business assets, and a residual category of non-financial assets. The wealth variables show the distribution of households across levels of wealth.

Financial assets Include transaction accounts (for example, checking and savings accounts), certificates of deposit, savings bonds, bonds, stocks, mutual funds, retirement accounts, cash value of life insurance, and a residual category of other managed financial assets. The concept of financial assets is a subset of household wealth. The financial assets variables show the distribution of households across levels of total financial assets.