Gale, Willaim G.; Pence, Karen M. - In: Brookings Papers on Economic Activity 37 (2006) 1, pp. 155-234
This paper examines the wealth of successive birth cohorts in the United States using data from the 1989-2001 Surveys … of Consumer Finances. We find that older households (those aged 55-64, 65-74 or 75-84) in 2001 had more wealth than …, these results raise some intriguing questions about the nature of saving and wealth accumulation during that decade. …
