Census Bureau Statistics: Male Led Households substantially more wealthy than Female Led Ones

[ddeclue]

For the benefit of those who mistakenly think women have already caught up and surpassed men economically. There's still a long way to go to gender equality in this country:

http://scorecard.cfed.org/financial.php?page=net_worth_by_gender

Net Worth by Gender


Definition
Ratio of the median net worth of male-headed households and female-headed households, 2006.

Calculated by dividing the higher value by the lower value, i.e., male-headed households divided by female-headed households, except in Louisiana, Maine, Nevada, Utah and West Virginia.

A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality.

Description
This measure provides an indication of the disparity in net worth between male-headed households and female-headed households. Historically, women have faced barriers to or been prevented from acquiring assets, especially property and capital, that have contributed to disparities in wealth. For example, median net worth of male-headed households in Indiana is $92,425 while median net worth of female-headed households is $52,211, indicating that male-headed households have almost twice the wealth of female-headed households.

Source
Survey of Income and Program Participation. (2004 Panel, Wave 6). Washington, DC: U.S. Department of Commerce, Census Bureau. Calculations by Beacon Economics.

State Male ($) Female ($) Ratio Rank
Alabama 64,000 39,847 1.61 28
Alaska - - .
Arizona 89,900 60,000 1.50 21
Arkansas 82,943 50,000 1.66 31
California 206,794 143,850 1.44 18
Colorado 105,907 71,622 1.48 20
Connecticut 168,694 116,548 1.45 19
Delaware - - .
District of Columbia - - .
Florida 134,819 99,705 1.35 14
Georgia 75,660 55,000 1.38 15
Hawaii - - .
Idaho 84,387 48,194 1.75 36
Illinois 100,060 90,415 1.11 2
Indiana 92,425 52,211 1.77 37
Iowa 108,643 94,178 1.15 5
Kansas 76,960 60,698 1.27 9
Kentucky 69,015 45,560 1.51 22
Louisiana 45,670 47,295 1.04 1
Maine 70,300 79,683 1.13 3
Maryland 199,793 126,817 1.58 25
Massachusetts 198,238 117,815 1.68 32
Michigan 106,553 83,155 1.28 11
Minnesota 180,999 113,900 1.59 26
Mississippi 60,000 36,390 1.65 29
Missouri 87,694 51,000 1.72 35
Montana - - .
Nebraska 92,680 80,787 1.15 4
Nevada 50,800 152,560 3.00 40
New Hampshire - 190,915 .
New Jersey 233,910 141,388 1.65 30
New Mexico 51,000 43,028 1.19 7
New York 58,923 27,920 2.11 38
North Carolina 60,501 45,201 1.34 13
North Dakota - - .
Ohio 80,669 63,388 1.27 10
Oklahoma 55,551 41,553 1.34 12
Oregon 91,530 78,345 1.17 6
Pennsylvania 109,223 77,628 1.41 17
Rhode Island - - .
South Carolina 74,415 43,984 1.69 33
South Dakota - - .
Tennessee 72,225 47,582 1.52 23
Texas 53,888 35,385 1.52 24
Utah 43,053 102,294 2.38 39
Vermont - - .
Virginia 208,411 122,864 1.70 34
Washington 140,680 101,370 1.39 16
West Virginia 85,500 101,642 1.19 8
Wisconsin 117,606 73,820 1.59 27
Wyoming - - .
United States 98,175 81,460 1.21 -

"-" = No data available

[villager]

1. And yet, it's my ex-wife who got the house!

She made out much better, financially, with the divorce....

[ddeclue]

2. Anecdotes vs. stats.

[villager]

8. and yet, that "anecdote" is my actual life!

Not doubting the reverse is true in other circumstances, however...

[SoCalDem]

3. Male headed WITH a wife in residence? vs female-headed w/ no husband?

need more data:)

[ddeclue]

5. NO if it was Male headed that means no female. if it was Female headed that means no male.

joint households don't allow you to make any kind of judgements about male vs. female because they are JOINT.

[Xipe Totec]

4. Define Male Led Household

I am the sole bread winner in my family, but my wife is in charge of the household. Period.

What is a Female led household? Is it one where the Female is the sole bread winner, but there is a male in the house? Or, is it only single parent households? If so, that would explain a lot.

[ddeclue]

6. Male led means there is no female. Female led means there is no male.

Joint means joint.

[DireStrike]

7. What are they "leading" then? Pets? Adoptees? Kids from the divorce?

Somebody sucks with words. And they work in a governmental department that generates statistics. Imagine that!

[ddeclue]

10. Kids, themselves. It seems rather obvious to me. Not good with word problems?

[DireStrike]

18. "Leading" yourself doesn't make sense. If they have kids and are single, it significantly changes

the meaning of the statistics. Singles and divorcees may be a large portion of the populace, but they aren't what seem to be suggested by the phrase "(sex)-led household."

It's a problematic phrase in almost every single case.

[Xipe Totec]

9. I don't see joint defined anywhere in the report

Are you guessing?

[ddeclue]

12. NO I'm applying READING and LOGIC skills. Words mean things.

If they meant JOINT it would SAY JOINT.

:eyes:

[Xipe Totec]

14. In other words, you just made up the definition, out of thin air n/t

[ddeclue]

15. NO in OTHER words: I CAN READ. Perhaps you can't?

:eyes:

[Xipe Totec]

16. I can read. The word joint does not appear in the report

You made that up, and you're just digging yourself deeper.

[ddeclue]

17. Can you NOT apply SIMPLE LOGIC?

The comparison is between MALE and FEMALE. When a household contains BOTH then how could you reasonably say it belongs in EITHER pile for statistical purposes? It DOES NOT. It is a THIRD TYPE and not a valid apples to apples comparison since it would in most cases have TWO earners.

If the point is to establish relative household wealth between MALE vs. FEMALE you have to EXCLUDE households containing both and ONLY compare single earner male vs. single earner female.

I'm sorry if you lack simple reasoning and reading skills. That's NOT my problem.

:eyes:

[DireStrike]

19. If the stats describe what you say, they are a bizarre set of stats.

It does not cover any standard families.

[SoCalDem]

11. Yep.. the stats are a bit vague

They should have said Single earner families headed by male/female, if that was what they meant. the term "household" implies that others are living in the household, and it implies (to me) that a non-working spouse may be included in the male category.. Our societal "method" is paternalistic, so male-headed would be the default..

[ddeclue]

13. No you're reading things into the report that simply aren't there.

[Fire1]

20. Well, do tell! n/t

[FarCenter]

21. Typically the woman ends up with the wealth, either as a divorcee or widow

They live longer. By 90, they outnumber men over 10 to 1.

[Liberal_in_LA]

22. What's with Nevada and Utah bucking the trend?