Tag: Survey of Consumer Finances
Abstract This paper documents and examines the rise in mortgage usage among older Americans over the past 30 years. It uses data from a variety of sources including the Health and Retirement Study, Decennial Census, American Community Survey, Survey of Consumer Finances, and the American Housing Survey. We begin by documenting the large increase in…
Wealth-to-income ratios have not increased over time despite the need to save more. 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…
