Tag: Survey of Consumer Finances
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…
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…