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Report Number P70BR-143
Adam Smith, Rebecca Chenevert, and Jonathan Eggleston
Component ID: #ti1264990174

Introduction

Net worth (or wealth) is an important indicator of economic well being. Because income alone does not provide a complete picture, measuring net worth is vital to understanding the economic health of households in the United States.

Median net worth of U.S. households in 2013 was $80,039. This estimate comes from the 2014 panel of the Survey of Income and Program Participation (SIPP), which is the first panel of the survey’s second major instrument redesign.

SIPP began measuring household net worth in 1984. Over time, changing asset ownership trends and financial offerings alter what makes up a household’s net worth. As a result, the measurement of net worth in SIPP has changed across the survey’s 1996 and 2014 redesigns.

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