Tag: wealth to income
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 baby boomers compare with their parents in terms of being prepared for retirement. The easiest way to answer that question is to look at the ratio of wealth to income from the Survey of Consumer Finances (SCF), the Federal Reserve’s comprehensive survey of household wealth in the United States. The notion…
