Family Facts: Social Science Research on Family, Society & Religion

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This finding looks at the relationship between family composition and asset ownership.

Married individuals were seven times more likely to own a home than single individuals and nearly twice (80 percent) more likely to own stocks. Divorced individuals were a third (32 percent) less likely to own a home compared to single individuals. Individuals with children were 28 percent more likely to own a home but 20 percent less likely to own stocks, compared to individuals without children.

Sample or Data Description
Data came from the 1979 cohort of the National Longitudinal Study of Youth (NLSY79), a nationally representative survey, from 1979, 1985-1998. The analytic consisted of 3,053 individuals between the ages of 31 and 38 in 1998.

Source
"Race, Family Structure, and Wealth: The Effect of Childhood Family on Adult Asset Ownership"
Keister, L. A.
Sociological Perspectives Vol. 47, Number . , 2004. Page(s) 161 – 187.

FindingID: 8594