Washington, DC–(ENEWSPF)–November 6, 2014. A new report from the Center for Economic and Policy Research (CEPR) shows that most households now have less wealth now than they did in 1989. The report, “The Wealth of Households: An Analysis of the 2013 Survey of Consumer Finances,” presents data on household wealth by age cohort based on the results of the most recent Survey of Consumer Finances (SCF). The analysis shows little or no gains for the majority of Americans over the last 25 years, even in the years since the end of the recession. This is true of and particularly concerning for near retirees.
