Tag: household finance
We just finished a study that looks at how the pandemic affected the finances of vulnerable households as well as those with more resources, using data from the Panel Study of Income Dynamics (PSID). The PSID is a panel survey, which allows us to follow the same households over time, that includes in-depth information on…
We have been trying to figure out what happened to households’ financial well-being between 2007 and 2019. This exercise led us back to data on the ratio of wealth to income by age from the Federal Reserve’s triennial Survey of Consumer Finances (SCF). In these ratios, wealth includes all financial assets, 401(k) accumulations, and rea…
