FOR IMMEDIATE RELEASE |
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ATLANTA REGIONAL OFFICE | CB04-R.85 (to 96) | ||
U.S. CENSUS BUREAU | |||
Mr. James Holmes, Director | |||
101 Marietta St., NW, Ste 3200 | |||
Atlanta, GA 30303-2700 | |||
Telephone: 404-730-3832 | |||
Census Bureau Survey to Gauge Household Wealth |
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Field representatives of the U.S. Census Bureau will visit 45,000 households nationwide beginning in October to conduct the Survey of Income and Program Participation (SIPP). One question they hope to answer: Is the median net worth of U.S. households climbing as fast today as it was four years ago? The last time this information was published in 2003 the results showed that the nation’s households had a median net worth of $55,000 in 2000, up from $49,932 in 1998, after adjusting for inflation. “The SIPP provides not only current and accurate national income
statistics, but also data on household net worth, which is the value of
assets, minus debts,” said James Holmes, director of the Census
Bureau’s Atlanta Regional Office. “The data on household wealth
paint a detailed statistical portrait for analysts and policy-makers of
the economic resources available to households at a given point in time.”
By law, the Census Bureau keeps all information provided by survey respondents
and their households confidential. Households selected for the survey
will receive a letter from Census Bureau Director Louis Kincannon. The
field representatives who conduct the interviews carry official photo
identification cards. Most of the follow-up interviews are conducted by
telephone. - X -
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