Tag: retirement wealth
People often ask how baby boomers compare with their parents in terms of being prepared for retirement. The easiest way to answer that question is to look at the ratio of wealth to income from the Survey of Consumer Finances (SCF), the Federal Reserve’s comprehensive survey of household wealth in the United States. The notion…
The brief’s key findings are: Overall, 65-year-old couples with a state-local worker do not end up with more wealth at retirement than their private sector counterparts. The results, however, differ by tenure in the state-local sector: The one-third with long tenure have 11 to 18 percent more wealth at age 65. The other two-thirds hav…
