Tag: SCF
For many reasons, we have been looking at the sources of income for households ages 62-75 – a group eligible for Social Security, many of whom could be presumed to be retired. Three patterns emerged when comparing data from the Federal Reserve’s 2019 Survey of Consumer Finances (SCF) with the 1995 SCF. Earnings have becom…
The brief’s key findings are: The 2019 Survey of Consumer Finances offers a picture of households’ 401(k)/IRA assets after a period of strong economic growth and stock market gains. And these balances may not differ much from today, as the market is modestly higher in 2020 and most job losses have been borne by thos…
