Patterns of Household Financial Asset Ownership
FINANCIAL COUNSELING AND PLANNING, Vol. 6, 1995
Posted: 17 May 1998
Patterns of household financial asset ownership were investigated with data from the 1989 Survey of Consumer Finance. In terms of ownership associations between two assets, 22 pairs (61%) of assets showed positive effects on each other. For instance, owning a savings account increases the chance of owning checking accounts, and vice versa. Eight pairs (22%) did not affect each other in terms of ownership. Four pairs (11%) negatively influenced the ownership on each other. The remaining two pairs (6%) showed asymmetrical effects. These results may help planners better understand client behavior in owning various financial assets.
JEL Classification: D10
Suggested Citation: Suggested Citation