In another sign of the importance of DC plans, the Fed reported in its triennial Survey of Consumer Finances that DC plan balances accounted for 61.4 percent of families’ total financial assets in 2010, up from 58.1 percent in 2007, as median net worth declined 38.8% and income declined by 7.7%. The analysis by Nevin Adams, EBRI’s Director of Education and External Relations (and NAPA Net’s Industry Trends and Research Conductor), is particularly insightful. We also recommend subscribing to Nevin’s weekly newsletter, EBRIef.
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DC Assets Account for a Greater Percentage of Total Family Assets
BY
October 15, 2012
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