Table 5. Results of Analysis of Variance (ANOVA) Comparing the Means of Selected Characteristics by Age Group of Nonretired Households in the 2001 Survey of Consumer Finances (N = 3,428)

Table 5. Results of Analysis of Variance (ANOVA) Comparing the Means of Selected Characteristics by Age Group of Nonretired Households in the 2001 Survey of Consumer Finances (N = 3,428)
Variable	Generations X and Y (a)	Younger Boomers (b)	Older Boomers (c)	Swing Cohort (d)	F-test P-value
Amount held in retirement account (ab, ac, ad, bc, bd, cd)	$8,791.98	$45,954.21	$82,682.83	$96,176.05	<.0001
Educational attainment, in years (ac, ab, ad, bc)	13.2	13.6	13.8	12.8	<.0001
Household income (ab, ac, ad, bc, bd, cd)	$44,295.22	$76,956.31	$96,199.76	$86,835.51	<.0001
Financial assets (ac, ad, bc, bd)	$35,983.29	$72,080.81	$160,370.84	$216,794.26	<.0001
Nonfinancial assets (ac, ad, bc, bd, cd)	$94,241.93	$235,994.62	$347,121.69	$471,615.20	<.0001
NOTE: The pairs of letters a, b, c, d represent the means of the age cohorts that are significantly different from each other at the 0.05-percent confidence level. For example, for the amount in retirement accounts, the letters ab show that the average amount in retirement accounts held by the members of Generations X and Y is significantly different from that of Younger Boomers.