Summary of Changes in U.S. Family Finances from 2010 to 2013

Evidence from the Survey of Consumer Finances

Federal Reserve Board,

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Changes in U.S. Family Finances from 2010 to 2013 summary
Bean counters at the Federal Reserve reveal how the beans are increasingly stacked.


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The Federal Reserve surveys US households on their finances and credit conditions every three years to gauge Americans’ economic health. Plowing through the morass of analytics, charts and tables in this latest edition, released in late 2014, is not easy, but it is revealing: Years after the financial crisis, the top of the heap is gaining, the bottom of the pile is losing and those in the vast middle are going nowhere. getAbstract suggests this statistics-laden report to analysts and policy makers who are intrigued by the troubling income and wealth accumulation trends it uncovers.

In this summary, you will learn

  • How income and wealth disparities continue to grow in the United States and
  • How American households’ levels of indebtedness and asset ownership are falling.


Despite an improving economy in the United States from 2010 to 2013 – when GDP grew 2.1% and unemployment declined from 9.9% to 7.5% – income and wealth disparities among US households widened, according to the latest triennial Survey of Consumer Finances (SCF). The previous SCF – for 2007 to 2010 – ...
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About the Authors

The authors work in the division of research and statistics at the Federal Reserve Board.

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