Household Net-Worth Value

A Household Net-Worth Value is an asset value for a household net-worth measure.

• AKA: Household Wealth Amount.
• Context:
  • It can range from being Low Household Wealth to being a Medium Household Wealth/Median Household Wealth/Mean Household Wealth to being a High Household Wealth).
  • It can be a Regional Household Net-Worth Value, such as a U.S. Household Net-Worth Value.
  • It can (typically) based on Household Assets Values (savings, bonds, stocks, individual retirement accounts, real estate equity, and vehicles) minus all Household Debt Values.
  • …
• Example(s):
  • 1600 Pennsylvania Ave., D.C., USA, Household Net-Worth Value.
  • …
  • U.S. Household Net-Worth Value, 2020.
  • …
• Counter-Example(s):
  • Household Income Value (for a household income measure).
  • Worker Salary Value (for a worker salary measure).
  • Household Health Score.
  • Corporation Net-Worth Amount (for a corporation net-worth measure).
• See: Wealth, Household Equity.

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References

2012

• (Gottschalck et al., 2012) ⇒ Alfred Gottschalck, Marina Vornovytskyy, and Adam Smith. (2012). “Household Wealth in the U.S.: 2000 to 2011." US Census Bureau
  • QUOTE: Net worth (wealth) is the sum of the market value of assets owned by every member of the household minus liabilities owed by household members. The major assets not covered in this measure are equities in pension plans, the cash value of life insurance policies, and the value of home furnishings and jewelry.

2004

• (Hurst & Lusardi, 2004) ⇒ Erik Hurst, and Annamaria Lusardi. (2004). “Liquidity Constraints, Household Wealth, and Entrepreneurship." JSTOR. doi:10.1086/381478
  • QUOTE: Household wealth is defined as the sum of savings and checking accounts, bonds, stocks, individual retirement accounts, housing equity, other real estate, and vehicles, minus all debt.

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