Tag: 401k saving
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, both median income and median earnings and wealth increased sinc…
Every year, Vanguard puts out a comprehensive report “How America Saves” that summarizes the statistics for the defined contribution plans that the company administers. Vanguard tends to administer larger plans, so the plans are better designed than average and participants have higher incomes. In other words, it presents the best face of the 401(k) system…
