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Money in the Bank? Assessing Families' Liquid Savings using the Survey of Consumer Finances



We estimate that sixty percent of American families have liquid savings of less than three months of their own expenses, and nearly one-quarter have less than $400. In this Note we use data from the Federal Reserve Board's triennial Survey of Consumer Finances (SCF) to directly assess American families' liquid savings.

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  • Neil Bhutta & Lisa J. Dettling, 2018. "Money in the Bank? Assessing Families' Liquid Savings using the Survey of Consumer Finances," FEDS Notes 2018-11-19, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgfn:2018-11-19
    DOI: 10.17016/2380-7172.2275

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