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0 119 110 median is just the midpoint half have still

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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 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 mature. 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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