Tag: how america saves

Senior couple and tecnologies

Abstract This paper summarizes what is known about leakages from existing studies and relates these results to detailed data on leakages in 2013 provided by Vanguard’s How America Saves.  It then uses two data sets – the Survey of Consumer Finances (SCF) and the Survey of Income and Program Participation (SIPP) – to estimate t…

Senior man calculating finances

Abstract There are vast differences in wealth holdings, even among households in similar age groups. In addition, a large percentage of U.S. households arrive close to retirement with little or no wealth. While many explanations can be found to rationalize these facts, approximately thirty percent of households whose head is close to retirement have don…