Tag: spaghetti chart
We have been trying to figure out what happened to households’ financial well-being between 2007 and 2019. This exercise led us back to data on the ratio of wealth to income by age from the Federal Reserve’s triennial Survey of Consumer Finances (SCF). In these ratios, wealth includes all financial assets, 401(k) accumulations, and rea…
People often ask how well prepared for retirement are current workers compared to their parents. One way to answer that question is to look at the ratio of wealth to income over time from the Survey of Consumer Finances (SCF), which is conducted by the Federal Reserve every three years. The notion is that t…
