Indian households now own more assets than ever due to the country becoming more prosperous since independence and economic reforms in the early 1990s. While some households own a large share of total wealth, the wealth of households in the bottom half of the income pyramid has also grown in the past 25 years. Rural households on average have more assets than urban households, consisting mainly of land, despite urban households in the poorest 10% only having assets worth about Rs. 291 on average compared to Rs. 25,071 for rural households. However, many urban poor are recent migrants who left assets in villages, indicating life in cities is still worthwhile despite costs. Most Indians do not benefit from formal banking as financial assets make up only a small portion of