Assessing Families' Liquid Savings Using the Survey of Consumer Finances

Posted: 27 Nov 2018 Last revised: 21 Feb 2019

See all articles by Neil Bhutta

Neil Bhutta

Board of Governors of the Federal Reserve System

Lisa J. Dettling

Board of Governors of the Federal Reserve System

Date Written: 2018-11-19

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.

Suggested Citation

Bhutta, Neil and Dettling, Lisa J., Assessing Families' Liquid Savings Using the Survey of Consumer Finances (2018-11-19). FED Notes No. 2018-11-19. Available at SSRN: https://ssrn.com/abstract=3288392 or http://dx.doi.org/10.17016/2380-7172.2275

Neil Bhutta (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Lisa J. Dettling

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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