Tag: 401(k)/IRA balances
![2013 Survey of Consumer Finances shows drop in balances and in participation](https://crr.bc.edu/wp-content/uploads/2023/07/2013-Survey-of-Consumer-Finances-shows-drop-in-balances-and-in-participation-1536x969.jpeg)
2013 Survey of Consumer Finances shows drop in balances and in participation. Last week’s blog post reported that – according to the Federal Reserve’s 2013 Survey of Consumer Finances – 401(k)/IRA balances for the typical working household approaching retirement declined from $120,000 in 2010 to $111,000 in 2013. This drop is startling given the positiv…
![Red arrow pointing down on wooden blocks towards money and calculator](https://crr.bc.edu/wp-content/uploads/2023/07/Red-arrow-pointing-down-on-wooden-blocks-towards-money-adn-calculator-1536x1021.jpeg)
2013 Survey of Consumer Finances shows drop in balances and in participation. The Federal Reserve has just released the 2013 Survey of Consumer Finances (SCF), a triennial survey of a nationally representative sample of U.S. households, which collects detailed data on their assets, liabilities, and demographic characteristics. It is considered the gold standard of information…