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The economy is setting records for the length of its recovery since the Great Recession began in 2017. Unemployment is setting record lows and the stock market is setting record highs.

But some measures are falling short, including retirement savings. The Federal Reserve Board’s Survey of Consumer Finances showed that from 2007 to 2016, the net worth of half of America’s families fell 30.6% to $97,290, even as it rose 26.4% to $1.6 million for the wealthiest 10%.

The surveys show savings – after adjusting for inflation – have fallen especially for the young, the poor and minorities.

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Jim DuPlessis

A journalist for decades.

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