Assessing Families' Liquid Savings Using the Survey of Consumer Finances
Posted: 27 Nov 2018 Last revised: 21 Feb 2019
Date Written: 2018-11-19
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.
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