The statistic shows the result of a survey carried out among wealthy and ultra wealthy Americans in the United States. This particular statistic deals with the reasons around owning collectibles as assets. 19 percent of wealthy Americans surveyed stated that collectibles are a safe asset that will hold their value.
Which of the following are reasons you own/collect these assets?
Reasons for owning collectibles
Share of respondents
I enjoy the intrinsic value of the items
79%
I consider the asset(s) a family heirloom for which I am the caretaker
38%
I expect an increase in value and return on the investment
32%
I enjoy being part of a community of people who share a similar interest
26%
It is a safe asset that will hold its value
19%
It is part of a philanthropic commitment or strategy
Age of respondents: Average 53 years old
-Age 18-32: 15 percent (Gen Y or Millennials)
-Age 33-48: 23 percent (Gen X)
-Age 49-67: 47 percent (Baby Boomers)
-Age 68+: 15 percent.
- 62 percent men
- 38 percent women.
The 711 people interviewed for this nationwide survey were high net worth or ultra high net worth individuals.
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Bank of America (U.S. Trust). (May 21, 2013). Which of the following are reasons you own/collect these assets? [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/281667/reasons-for-owning-collectibles-among-wealthy-americans/
Bank of America (U.S. Trust). "Which of the following are reasons you own/collect these assets?." Chart. May 21, 2013. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/281667/reasons-for-owning-collectibles-among-wealthy-americans/
Bank of America (U.S. Trust). (2013). Which of the following are reasons you own/collect these assets?. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/281667/reasons-for-owning-collectibles-among-wealthy-americans/
Bank of America (U.S. Trust). "Which of The following Are Reasons You Own/Collect These Assets?." Statista, Statista Inc., 21 May 2013, https://www-statista-com.ezproxy.canberra.edu.au/statistics/281667/reasons-for-owning-collectibles-among-wealthy-americans/
Bank of America (U.S. Trust), Which of the following are reasons you own/collect these assets? Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/281667/reasons-for-owning-collectibles-among-wealthy-americans/ (last visited November 10, 2024)
Which of the following are reasons you own/collect these assets? [Graph], Bank of America (U.S. Trust), May 21, 2013. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/281667/reasons-for-owning-collectibles-among-wealthy-americans/
