This paper presents new data on the wealth of households by age cohort from the 2016 Survey of Consumer Finances (SCF). It shows that the rebound in the prices of homes and equities helped grow households' net wealth from 2013 lows. Nevertheless, the gains were disproportionately concentrated in the wealthiest households, with the top 2 percent increasing their share by 3 percentage points.
WHAT TO READ NEXT
Published By
Copyright
- Copyright 2017 by Center for Economic and Policy Research. All rights reserved.