Recent changes in U.S. family finances: evidence from the 2001 and 2004 Survey of Consumer Finances

By Brian K. Bucks, Arthur Kennickell, Kevin B. Moore. 2006

735 citations recorded by the source corpus.

Reviews changes in the income and wealth of U.S. families between 2001 and 2004. The discussion draws on data from the Federal Reserve Board's triennial Survey of Consumer Finances for those years and also uses evidence from earlier years of the survey to place the 2001-04 changes in a broader context.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/8e11fab8a5411c662a03823b87e91cbb7c5b88ed

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

Citations in the corpus

Financial Capability in Children: Effects of Participation in a School-Based Financial Education and Savings Program (2011, background): “Households where the family head is younger and minority and has lower wealth and less education, for example, are less likely to have transaction accounts, suggesting that children living in these households have lower exposure to financial services ( Bucks et al. 2006; Hogarth and Anguelov 2005; ”
Smart Money? The Effect of Education on Financial Outcomes (2014, background): “The first is the low level of participation in equity markets relative to the returns offered by stocks: In 2004, only 48.6% of households held stocks, either directly or indirectly (Bucks, Kennickell, and Moore, 2006).”
Testing Agency Theory with Entrepreneur Effort and Wealth (2005, background): “We create our sample of entrepreneurs in private firms from two main sources.”
Consumer Confidence and Asset Prices: Some Empirical Evidence (2006, methodology): “For example, according to the Survey of Consumer Finances (Aizcorbe, Kennickell, and Moore, 2003), the percent of households with either direct or indirect stock ownership (including mutual funds and retirement accounts) has increased from 31.8% in 1989 to 51.9% in 2001.”
What explains household stock holdings (2006, background): “This share has climbed from 31.6% in 1992 to 42% in 2001 (see Aizcorbe et al., 2003).”
Policy level response to financial exclusion in developed economies: lessons for developing countries (2004, background): “Most unbanked adults are under the age of 35, but adults over 75 with low incomes 11 See http://www.ots.treas.gov/ also make up a significant proportion of the American unbanked (Aizcorbe et al, 2003; Weissbourd, 2002).”
Sovereign Risk, Fiscal Policy, and Macroeconomic Stability (2013, background): “Averaging over the latest surveys (1998, 2001, 2004, and 2007), the share of U.S. families that hold some kind of debt is 76 percent; compare Aizcorbe et al. (2003) 15 ©International Monetary Fund.”
A Rolling Tide: Changes in the Distribution of Wealth in the U (2003, methodology): “See Kennickell [2000a] for an overview of the methodology of the SCF and Aizcorbe et al. [2003] for a summary of recent data from the survey. The target population for the SCF specifically excludes individuals who are included in the Forbes list; it is assumed that such individuals would be so unlik”