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The Wealth of Households: An Analysis of the 2013 Survey of Consumer Finances

Author

Listed:
  • David Rosnick
  • Dean Baker

Abstract

This paper presents data on the wealth of households by age cohort based on new data from the 2013 Survey of Consumer Finances (SCF). It shows that the upward redistribution of wealth continued between 2010 and 2013. As a result, most households had less wealth in 2013 than they did in 2010 and much less than in 1989, the first year examined. This is in spite of the fact that households were much less likely to have traditional defined-benefit pensions than in prior decades.

Suggested Citation

  • David Rosnick & Dean Baker, 2014. "The Wealth of Households: An Analysis of the 2013 Survey of Consumer Finances," CEPR Reports and Issue Briefs 2014-16, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2014-16
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    File URL: http://www.cepr.net/documents/wealth-scf-2014-10.pdf
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    Citations

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    Cited by:

    1. Annamaria Lusardi & Olivia S. Mitchell, 2017. "Older Women's Labor Market Attachment, Retirement Planning, and Household Debt," NBER Chapters,in: Women Working Longer: Increased Employment at Older Ages, pages 185-215 National Bureau of Economic Research, Inc.
    2. Robert L. Clark & Robert G. Hammond & Christelle Khalaf & Melinda Sandler Morrill, 2017. "Planning for Retirement? The Importance of Time Preferences," NBER Working Papers 23501, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Survey of Consumer Finance; retirement; wealth; inequality;

    JEL classification:

    • D - Microeconomics
    • D1 - Microeconomics - - Household Behavior
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D3 - Microeconomics - - Distribution
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • J - Labor and Demographic Economics
    • J1 - Labor and Demographic Economics - - Demographic Economics
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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