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Discussion Paper

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


Abstract: 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.

https://doi.org/10.17016/2380-7172.2275

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File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/assessing-families-liquid-savings-using-the-survey-of-consumer-finances-20181119.htm

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2018-11-19

Number: 2018-11-19