Tag: retirement accounts
![Piggy bank wearing eye glasses facing a calculator on a blue background](https://crr.bc.edu/wp-content/uploads/2023/12/Piggy-bank-wearing-eye-glasses-facing-a-calculator-on-a-blue-background-1536x1024.jpg)
Older high-income households with a 401(k) gained; everybody else lost. The Federal Reserve’s 2022 Survey of Consumer Finances (SCF) summarizes changes in family finances between 2019 and 2022 – three years of COVID and economic disruption, and 2022 was also a terrible year in terms of stock and bond returns. At the same time, t…
![piggy bank on top of coins with a seedling growing out of the top](https://crr.bc.edu/wp-content/uploads/2023/11/piggy-bank-on-top-of-coins-with-a-seedling-growing-out-of-the-top-1536x1024.jpeg)
The Federal Reserve’s 2022 Survey of Consumer Finances (SCF) summarizes changes in family finances between 2019 and 2022 – three years of COVID, economic disruption, and unprecedented fiscal support – and 2022 was also a terrible year in terms of stock and bond returns. Despite the unusual circumstances, employment remained strong, the stock market –…