Unformatted text preview: is just the midpoint (half have still less than this)
Type of Financial Asset 2010 Transaction Accounts $4,200 Median Value of Financial
Assets in 2010 for
Households Certificates of Deposit $21,000 Savings Bonds $1,000 Source: Survey of Consumer
Finances Bonds $83,800 Stocks $17,800 Pooled Investments $58,700 Retirement Accounts $47,100 7 2/20/2014 Variation by Income Level in 2010
Type of Financial Asset Bottom
20%tile Top 10%tile Transaction Accounts $700 $35,000 Certificates of Deposit $1,500 $34,000 $500 $2,000 -- $297,200 Savings Bonds
Stocks $2,000 $60,000 Pooled Investments $38,000 $2,000,000 Retirement Accounts $8,000 $2,770,000 Source: SCF U.S. Treasury Bonds
Historically very low risk
Issued in terms of 30 years
Pay interest every six months until they
At maturity, paid face value.
Bonds sold in increments of $100.
You can hold a Treasury bond until it matures
or sell it before it matures. Types of U.S. Savings Bonds EE bonds are traditional that have been sold for a long time
(pay $50 worth $100) pay fixed rate of interest I Bonds I Bonds pay say 3% plus the rate of inflation.
EE Bonds 8...
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- Spring '14
- U.S. Savings Bonds, savings bonds, Survey of Consumer