Tag: 2019 Survey of Consumer Finances shows modest increase in 401(k)/IRA balances
But holdings remain low, and many households have none. The Federal Reserve recently released the 2019 Survey of Consumer Finances (SCF), a triennial survey of a nationally representative sample of U.S. households, which over-samples those with high net worth. It is considered the gold standard of information on income and wealth. For American households, bot…