Tag: 2016 scf
The release of the Federal Reserve’s 2019 Survey of Consumer Finances (SCF) provides, once again, an opportunity to take stock of retirement security. For this task, we use our National Retirement Risk Index (NRRI), which compares SCF households’ projected replacement rates – retirement income as a percentage of preretirement income – with target rates that would…
People often ask how well prepared for retirement are current workers compared to their parents. One way to answer that question is to look at the ratio of wealth to income over time from the Survey of Consumer Finances (SCF), which is conducted by the Federal Reserve every three years. The notion is that t…