Tag: wealth to income ratio
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…
Wealth-to-income ratios show declining preparedness over time. Call me paranoid, but it seems like the financial services industry has undertaken a concerted effort to show that the U.S. does not have a retirement income problem – that most people will have all the money they need in retirement. Indeed, some sophisticated economic modelling does suggest…
