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Summary of Prompt Report of Family Assets (for two or more person households)
Released on 31 May 1996
1. Family assets in Japan
The average amount of family assets for all households was 53.75 million yen per household as of the end of November, 1994. According to the breakdownof family assets, residential land was 36.36 million yen, accounted for 67.6% of total family assets. Financial assets(8.47 million yen, 15.8%), houses(6.59 million yen, 12.3%), major durable goods(include membership entitlement for sports or recreation clubs)(2.33 million yen, 4.3%) followed.
2. A frequency distribution of family assets
The frequency distribution of all household classified by the amount of family assets showed an uneven distribution with a large number of household in lower assets brackets. The mean and median of the distribution were 53.75 million yen, 30.16 million yen respectively. Households, which had a lower amount of assets than the national average, accounted for 71%.
3. Family assets by yearly income decile groups
According to family assets classified by yearly income groups, the amount of family assets of the group I, the lowest income group, the group V, the middle group, and the group X, the highest group, were respectively 35.5 million yen, 41.14 million yen and 122.37 million yen. It is roughly true that the higher the rank of income was, the more assets households kept. The amount of family assets of the group X was 3.4 times as much as the group I.
(Figure 3)
remark : Yearly income decile groups mean the ten equally divided groups in term of the number of households, after arranging them in order of the yearly income. They are referred to Groups I,II, ???,X in order from the low yearly income group to the high one.
Figure 1 Family assets by yearly income decile groups
4. Family assets by age groups of household head
According to family assets per household by age groups of households head the older the age of the household head was, the more the amount of family assets increased. The group 30 years and under, 30-39 years, 40-49 years, 50-59 years, 60-69 years, 70 years and over, were respectively 13.22 million yen, 26.40 million yen, 45.82 million yen, 62.99 million yen, 81.39 million yen,92.60 million yen. The group of 70 years and over kept 7 times as much as 30 years and under.
5. Family assets by occupation of household head
According to family assets classified by occupation of household head, the average amounts of family assets of worker's household and other household were 42.00 million yen and 77.41 million yen respectively. Specially the amount of family assets of corporate administrators was 120 million yen. Other household kept assets 1.9 times as much as worker's household.
6. Family assets by types and tenure of dwelling
According to family assets per household by types and tenure of dwelling, the amount of family assets of households with own house(67.78 million yen) was 6.3 times as much as that with rent house(10.74 million yen).
7. Family assets by region
According to family assets by region, the average amount of family assets in Kanto area was the highest, 69.07 million yen, and 1.3 times as much as the national average. Tokai area(61.73 million yen), Kinki area(57.07 million yen) followed. The amount of family assets was the lowest in Hokkaido(26.20 million yen).
Figure 2 Family assets per household by region
8. In comparison with the previous survey in 1989
(1) National family assets per household
The amount of family assets per household for all households in 1994 decreased 4.1% from the previous survey in 1989. Compared with 1989, houses, financial assets, majordurable goods increased 25.0%, 24.5% and 23.3% respectively. On the other hand, residential land, which accounted for 67% of family assets in 1994, decreased 15.2%.
Notation : To compare with 1989,"house and residential land in which owner didn't live" were excluded.
(2) Family assets by yearly income decile groups
Comparing the results in 1994 with 1989, the amount of family assets of low income groups increased, such as the group I, II, III went up more than 10%. On the other hand, that of high income groups decreased, such as the group X went down 24.8%.
Notation : To compare with 1989,"house and residential land in which owner didn't live" were excluded.
(3) Family assets by region
Regarding the amount of family assets by region compared with 1989, the amount of family assets came down 18.0% in Kanto area and 15.9% in Kinki ara respectively. On the other hand, they were went up in other regions. On the breakdown of the total amount of family assets, residential land decreased 27.1% in Kanto area, 27.5% in Kinki area, however increased in other region.
Houses increased in all regions.
Notation : To compare with 1989,"house and residential land in which owner didn't live" were excluded.
