Home is Where the Worth Is

The latest triennial snapshot of consumer finances shows that Americans are ill-prepared for retirement and had better start saving fast

Normally, markets aren't very interested in data from 2004, but the triennial Federal Reserve Survey of Consumer Finances (SCF) is our only good measure of the distribution of wealth. Yes, the 2004 survey captures what was going on two years ago, but that's better than the five year lag we've had up until now.

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