Tag: SCF

Retirement savings screens on different devices

Looks like fintech is working its magic. Based on an inquiry from a reporter, my colleagues JP Aubry, Yimeng Yin, and Angie Chen have been fooling around with data on holdings of Roth IRAs from the Federal Reserve’s 2022 Survey of Consumer Finances. Since assets in IRAs account for more than half of all assets…

Back view of two older people walking down the street with risk indicator graphics on either side

The release of the Federal Reserve’s 2022 Survey of Consumer Finances offers an opportunity to reassess Americans’ retirement preparedness as measured by the National Retirement Risk Index (NRRI).  The NRRI estimates the share of American households that are at risk of being unable to maintain their pre-retirement standard of living in retirement…