Homeownership and Financial Assets: Findings From the 1968 Survey of the Aged

Bquity in the owned home anti holdings of @anGal assets are the two major forma of aa&nga held by those aged 65 and over, according to the 1968 b’urvey of the Aged. More than three-fourths of the married couples atu.died and more than a third of the nxxw?turried persona owned homea, mostly free of mortgage. Ownership was widely diffused among the socioeconomic groups studied, but the amount of equttu varied with income to a greater emtent than with the rate of owned homes. Although many had some financial assets, more than half the married couples reporte& amounts of $1,800 or leas and for about half the nonmarried persona the amount was as Zow as $2.50 or leas. Median amounts held by various aoctoeconon~k groups were usually relatea closely to the median income of the group. Half the aged units who reported some hcome from assets had mounts of o&y $250 or less.