The Federal Reserve Board’s triennial Survey of Consumer Finances (SCF) collects information about family income, net worth, balance sheet components, credit use, and other financial outcomes.1 The 2019 SCF reveals improvements in economic well-being among large parts of the income and wealth distributions since the previous time the survey was conducted in 2016, and many groups with historically lower income and wealth saw relatively large gains.2 During the three years between the beginning of the 2016 and 2019 surveys, real gross domestic product grew at an annual rate of 2.5 percent, and the civilian unemployment ... (full story)