Tag: 2019 SCF
For many reasons, we have been looking at the sources of income for households ages 62-75 – a group eligible for Social Security, many of whom could be presumed to be retired. Three patterns emerged when comparing data from the Federal Reserve’s 2019 Survey of Consumer Finances (SCF) with the 1995 SCF. Earnings have becom…
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…