October 1, 2017

taking a second look at family net worth with the SCF

Matt Bruenig at the People’s Policy Project (PPP) published a post at the end of September, looking at 2016 data for family net worth as reported by the Survey of Consumer Finance (SCF). Using the 2007 and 2016 waves of the survey, Bruenig grouped family net worth into percentiles, and took the difference between each point. Bruenig broke the results down by race/ethnicity, but generally speaking, aside from the wealthiest Americans, most families still haven’t recovered to their pre-recession level of household net worth. Read more

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