10/02/2024 | News release | Distributed by Public on 10/02/2024 12:09
CBO examines changes in family wealth from 1989 to 2022 using a measure of wealth that includes projected Social Security benefits. Over that period, family wealth was unevenly distributed, and wealth inequality increased.
In this report, the Congressional Budget Office examines changes in the distribution of family wealth (a family's assets minus its debts) from 1989 to 2022. Building on earlier work, CBO used an expanded measure of wealth that includes families' projected Social Security retirement and disability benefits.