October 31, 2017
November 2017, David Rosnick and Dean Baker
This paper presents new data on the wealth of households by age cohort from the 2016 Survey of Consumer Finances (SCF). It shows that the rebound in the prices of homes and equities helped grow households’ net wealth from 2013 lows. Nevertheless, the gains were disproportionately concentrated in the wealthiest households, with the top 2 percent increasing their share by 3 percentage points.
