US Household Ownership of Mutual Funds and Securities

US Household Ownership of Mutual Funds, 2005 All Percent of U.S. households Owning mutual funds Number of U.S. households (millions) Owning mutual funds Median (among owners) Mutual fund assets Household financial assets Mean (among owners) Mutual fund assets Household financial assets 48% Under 30 30% 30 to 39 51% 40 to 49 53% 50 to 59 59% 60 to 69 51% 70 or older 32% 53.7 4.5 11.2 13.6 12.2 7.2 4.9 $47,600 $125,000 $9,100 $37,500 $25,000 $62,500 $46,400 $113,000 $75,000 $200,000 $100,000 $300,000 $54,000 $200,000 $142,100 $328,300 $40,700 $89,500 $74,000 $187,300 $113,800 $241,000 $173,700 $439,000 $332,000 $575,000 $114,800 $518,800 Notes: Age is based on individual heading household. The standard error for ownership incidence is ±1.8 percentage points at the 95 percent confidence level. The sample was weighted to match the age distribution of the U.S. population. The number of U.S. households owning mutual funds in 2005 is based on the U.S. Census Bureau’s estimate of 113.1 million total U.S. households as of March 2005. Sources: Investment Company Institute Annual Tracking Survey, 2005; Profile of Mutual Fund Shareholders, 2004 Ost - 7/5/06 FIGURE 49 DEMOGRAPHIC CHARACTERISTICS OF EQUITY INVESTORS, 1999-2005 Percent TYPE OF EQU ITY OWNED IN 2005 1999 EQUITY INVESTORS 2002 EQU ITY 2005 EQUITY INVESTORS I NDIVI DUAL STOCK STOCK MUTUAL INVESTORS fUND HOUSEHOLD INVESTMENT DECISIONMAKER . Male is sole decisionmaker 26 20 54 24 19 25 21 28 18 24 21 female is sole decisionmaker Co-decisionmakers Number of respondents AGE OF RESPONDENT Less than 35 years 57 54 54 55 2,336 2,165 2,414 1,259 2,172 21 21 15 12 15 35 to 49 years 50 to 64 years 65 years or older Mean age Median age Number of respondents HOUSEHOLD INCOME IN YEAR PRECEDING SURVEY 38 26 15 36 29 14 33 33 19 29 35 34 34 17 24 53 years 53 years 48 years 47 years 48 years 51 years 51 years 50 years 50 years 2,100 47 years 2,093 2,280 2.335 1,220 Less than $20,000 6 8 13 13 6 6 8 8 9 7 7 7 9 11 $20,000 to $29,999 $30,000 to $39,999 $40,000 to $49,999 $50,000 to $74,999 $75,000 to $99,999 $100,000 to $149,999 $150,000 to $199,999 $200,000 to $499,999 $500,000 or more 6 10 11 8 8 21 15 10 28 15 26 18 14 23 16 24 16 10 3 14 5 18 7 14 4 4 3 5 2 8 2 2 Mean Median Number of respondents MARITAL STATUS OF RESPONDENT $74,700 $60,000 1,688 $86,)00 $62,500 1,557 $93,700 $110,400 $95,500 $65,000 1,548 $65,000 1,707 $74,000 846 Married or living with a partner Divorced or separated 73 10 71 70 12 74 10 70 12 7 11 10 6 13 Widowed 6 11 8 10 8 8 Single Number of respondents 2,295 2,159 2,410 1,256 2,169 46 EQuITY OWNERSHIP IN AMERICA, 2005 FIGURE 52 DEMOGRAPHIC CHARACTERISTICS OF EQUITY INVESTORS BY OWNERSHIP INSIDE AND OUTSIDE EMPLOYER-SPONSORED RETIREMENT PLANS, 2005 Percent OWN EQUITES INSIDE EMPLOYER PLANS INDIVIDUAL STOCK OWN EQUITIES OUTSIDE EMPLOYER PLANS INDIVIDUAL STOCK STOCK MUTUAL FUND TOTAL STOCK MUTUAL FUND TOTAL HOUSEHOLD INVESTMENT DECISIONMAKER Male is sole decisionmaker 23 18 24 14 23 18 25 21 28 18 24 22 Female is sole decisionmaker Co-decisionmakers Number of respondents AGE OF RESPONDENT Less than 35 years 59 62 301 59 54 54 54 1,312 1,562 1,494 1,686 1,046 18 11 18 13 11 12 35 to 49 years 50 to 64 years 65 years or older 40 33 9 39 40 33 9 31 30 35 32 36 20 52 years 52 years 38 12 35 21 24 53 years 53 years Mean age 47 years 47 years 1,509 49 years 50 years 47 years 47 years 52 years 52 years 1,635 Median age Number of respondents 290 1,444 1,020 1,272 HOUSEHOLD INCOME IN YEAR PRECEDING SURVEY Less than $20,000 4 5 3 2 4 6 7 10 7 6 9 6 5 7 $20,000 to $29,999 $30,000 to $39,999 $40,000 to $49,999 $50,000 to $74,999 $75,000 to $99,999 $100,000 to $149,999 $150,000 to $199,999 $200,000 to $499,999 $500,000 or more 6 9 10 8 10 8 9 10 25 18 17 22 19 19 11 25 18 17 6 22 15 20 15 19 7 9 2 22 16 16 6 6 2 16 6 7 2 6 6 12 2 6 Mean $101,000 $129,400 $100,900 $71,000 1,113 $101,800 $112,000 $101,)00 Median Number of respondents MARITAL STATUS OF RESPONDENT $70,000 1,159 $87,500 210 $70,000 1,160 $75,000 703 $70,000 898 Married or living with a partner Divorced or separated 74 12 81 6 4 9 74 12 72 10 75 9 7 9 72 10 Widowed 4 10 4 10 8 10 8 10 Single Number of respondents 1,559 299 1,491 1,682 1,043 1,)09 52 EQUITY OWNERSHIP IN AMERICA, 2005