Changes in U.S. Family Finances from 2013 to 2016: Evidence from the Survey of Consumer Finances. Bricker, J., Dettling, L. J, Henriques, A., Hsu, J. W, Jacobs, L., Moore, K. B, Pack, S., Sabelhaus, J., Thompson, J., & Windle, R. A
Paper abstract bibtex The Federal Reserve Board's triennial Survey of Consumer Finances (SCF) collects information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes. 1 The 2016 SCF reveals broad-based gains in income and net worth since the previous time the survey was conducted, in 2013. 2 During the three years between the beginning of the 2013 and 2016 surveys, real gross domestic product grew at an annual rate of 2.2 percent, the civilian unemployment rate fell from 7.5 percent to 5 percent, and the annual rate of change in the consumer price index averaged 0.8 percent. 3 These changes in aggregate economic performance led to broad-based income gains across many different types of families. Several observations from the SCF about family incomes stand out: 4
@article{brickerChangesFamilyFinances2017,
title = {Changes in {{U}}.{{S}}. {{Family Finances}} from 2013 to 2016: {{Evidence}} from the {{Survey}} of {{Consumer Finances}}},
author = {Bricker, Jesse and Dettling, Lisa J and Henriques, Alice and Hsu, Joanne W and Jacobs, Lindsay and Moore, Kevin B and Pack, Sarah and Sabelhaus, John and Thompson, Jeffrey and Windle, Richard A},
date = {2017},
volume = {103},
number = {3},
url = {https://www.federalreserve.gov/pubs/bulletin/2014/pdf/scf14.pdf.},
abstract = {The Federal Reserve Board's triennial Survey of Consumer Finances (SCF) collects information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes. 1 The 2016 SCF reveals broad-based gains in income and net worth since the previous time the survey was conducted, in 2013. 2 During the three years between the beginning of the 2013 and 2016 surveys, real gross domestic product grew at an annual rate of 2.2 percent, the civilian unemployment rate fell from 7.5 percent to 5 percent, and the annual rate of change in the consumer price index averaged 0.8 percent. 3 These changes in aggregate economic performance led to broad-based income gains across many different types of families. Several observations from the SCF about family incomes stand out: 4},
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}
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