{"id":40741,"date":"2013-04-23T11:50:15","date_gmt":"2013-04-23T16:50:15","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/2013\/04\/23\/chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data\/"},"modified":"2024-04-14T04:09:15","modified_gmt":"2024-04-14T09:09:15","slug":"chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data\/","title":{"rendered":"Chapter 4: Comparison of the Census Wealth Tabulations to the Fed\u2019s Flow of Funds Net Worth Data"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The Federal Reserve Bank measures household wealth in a somewhat different way than does the U.S. Census Bureau, but its reports provide corroboration of the picture emerging from recently released Census wealth tabulations. As with the Census Bureau data, the Fed data show that all of the growth in aggregate wealth from 2009 to 2011 can be accounted for by the increase in the value of financial assets.<\/p>\n\n<figure><img data-dominant-color=\"f2f1f1\" data-has-transparency=\"false\" style=\"--dominant-color: #f2f1f1;\" loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-16913 not-transparent\" alt=\"SDT-2013-04-wealth-recovery-4-1\" src=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/2013\/04\/SDT-2013-04-wealth-recovery-4-1.png\" width=\"409\" height=\"454\"><\/figure>\n\n<p class=\"wp-block-paragraph\">There are a number of differences between the Federal Reserve data and the Census Bureau tabulations. Among these differences, the Fed data refer to the assets and liabilities owned by the nation\u2019s nonprofit organizations as well as households. In addition, they are in nominal dollars and not adjusted for inflation.<\/p>\n\n<p class=\"wp-block-paragraph\">However, as with the Census data, the Fed data show a rise in wealth from 2009 to the fourth quarter of 2011. Likewise, the Fed data indicate that most of the growth in the nation\u2019s wealth during that period was due to an increase in the value of financial assets. From 2009 to the fourth quarter of 2011, financial assets increased in value by $4.8 trillion (from $45.8 trillion to $50.6 trillion), accounting for nearly all of the $4.9 trillion increase in the nation\u2019s net worth of households and nonprofit organizations.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve Bank measures household wealth in a somewhat different way than does the U.S. Census Bureau, but its reports provide corroboration of the picture emerging from recently released Census wealth tabulations. As with the Census Bureau data, the Fed data show that all of the growth in aggregate wealth from 2009 to 2011 [&hellip;]<\/p>\n","protected":false},"author":131,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","sub_headline":"","sub_title":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","bylines":[{"key":"ff5abfc7b805de95dc5a62d8e9727926","termId":984},{"key":"a21aab640810765816823b91598b22fe","termId":980}],"acknowledgements":[],"displayBylines":true,"prc_watchers":[],"relatedPosts":[],"reportMaterials":[],"multiSectionReport":[],"package_parts__enabled":false,"package_parts":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"footnotes":""},"categories":[],"tags":[],"bylines":[980,984],"collection":[],"datasets":[],"level_of_effort":[],"primary_audience":[],"information_type":[],"_post_visibility":[],"formats":[458],"_fund_pool":[],"languages":[],"regions-countries":[],"research-teams":[519],"workflow-status":[],"class_list":["post-40741","post","type-post","status-publish","format-standard","hentry","bylines-paul-taylor","bylines-richard-fry","formats-report","research-teams-social-trends"],"label":false,"post_parent":40682,"word_count":203,"canonical_url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data\/","art_direction":false,"_embeds":[],"watchers":[],"table_of_contents":[{"id":40682,"title":"A Rise in Wealth for the Wealthy; Declines for the Lower 93%","slug":"a-rise-in-wealth-for-the-wealthydeclines-for-the-lower-93","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/a-rise-in-wealth-for-the-wealthydeclines-for-the-lower-93\/","is_active":false},{"id":40699,"title":"Chapter 1: The Uneven Wealth Recovery Among the Nation\u2019s Households","slug":"chapter-1-the-uneven-wealth-recovery-among-the-nations-households","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-1-the-uneven-wealth-recovery-among-the-nations-households\/","is_active":false},{"id":40714,"title":"Chapter 2: Explaining the Differential Wealth Recovery","slug":"chapter-2-explaining-the-differential-wealth-recovery","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-2-explaining-the-differential-wealth-recovery\/","is_active":false},{"id":40727,"title":"Chapter 3: Background on Changes in Major Asset Prices from 2009 to 2011","slug":"chapter-3-background-on-changes-in-major-asset-prices-from-2009-to-2011","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-3-background-on-changes-in-major-asset-prices-from-2009-to-2011\/","is_active":false},{"id":40741,"title":"Chapter 4: Comparison of the Census Wealth Tabulations to the Fed\u2019s Flow of Funds Net Worth Data","slug":"chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data\/","is_active":true},{"id":40754,"title":"References","slug":"references-4-2","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/references-4-2\/","is_active":false},{"id":40767,"title":"Appendix 1: Census Wealth and Asset Ownership Data","slug":"appendix-1-census-wealth-and-asset-ownership-data","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/appendix-1-census-wealth-and-asset-ownership-data\/","is_active":false}],"report_materials":[{"key":"2cfe6643-3af8-456d-a952-214533b776b5","type":"report","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/wp-content\/uploads\/sites\/3\/2013\/04\/wealth_recovery_final.pdf","label":"","icon":"","attachmentId":"16929"}],"report_pagination":{"current_post":{"id":40741,"title":"Chapter 4: Comparison of the Census Wealth Tabulations to the Fed\u2019s Flow of Funds Net Worth Data","slug":"chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data\/","is_active":true,"page_num":5},"next_post":{"id":40754,"title":"References","slug":"references-4-2","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/references-4-2\/","is_active":false,"page_num":6},"previous_post":{"id":40727,"title":"Chapter 3: Background on Changes in Major Asset Prices from 2009 to 2011","slug":"chapter-3-background-on-changes-in-major-asset-prices-from-2009-to-2011","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-3-background-on-changes-in-major-asset-prices-from-2009-to-2011\/","is_active":false,"page_num":4},"pagination_items":[{"id":40682,"title":"A Rise in Wealth for the Wealthy; Declines for the Lower 93%","slug":"a-rise-in-wealth-for-the-wealthydeclines-for-the-lower-93","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/a-rise-in-wealth-for-the-wealthydeclines-for-the-lower-93\/","is_active":false,"page_num":1},{"id":40699,"title":"Chapter 1: The Uneven Wealth Recovery Among the Nation\u2019s Households","slug":"chapter-1-the-uneven-wealth-recovery-among-the-nations-households","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-1-the-uneven-wealth-recovery-among-the-nations-households\/","is_active":false,"page_num":2},{"id":40714,"title":"Chapter 2: Explaining the Differential Wealth Recovery","slug":"chapter-2-explaining-the-differential-wealth-recovery","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-2-explaining-the-differential-wealth-recovery\/","is_active":false,"page_num":3},{"id":40727,"title":"Chapter 3: Background on Changes in Major Asset Prices from 2009 to 2011","slug":"chapter-3-background-on-changes-in-major-asset-prices-from-2009-to-2011","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-3-background-on-changes-in-major-asset-prices-from-2009-to-2011\/","is_active":false,"page_num":4},{"id":40741,"title":"Chapter 4: Comparison of the Census Wealth Tabulations to the Fed\u2019s Flow of Funds Net Worth Data","slug":"chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/chapter-4-comparison-of-the-census-wealth-tabulations-to-the-feds-flow-of-funds-net-worth-data\/","is_active":true,"page_num":5},{"id":40754,"title":"References","slug":"references-4-2","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/references-4-2\/","is_active":false,"page_num":6},{"id":40767,"title":"Appendix 1: Census Wealth and Asset Ownership Data","slug":"appendix-1-census-wealth-and-asset-ownership-data","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2013\/04\/23\/appendix-1-census-wealth-and-asset-ownership-data\/","is_active":false,"page_num":7}]},"parent_info":{"parent_title":"A Rise in Wealth for the Wealthy; Declines for the Lower 93%","parent_id":40682},"materialsOrdered":[],"chaptersOrdered":[],"partsOrdered":[],"partsEnabled":false,"datacite_doi":"","prc_seo_data":{"title":"Chapter 4: Comparison of the Census Wealth Tabulations to the Fed\u2019s Flow of Funds Net Worth Data","description":"The Federal Reserve Bank measures household wealth in a somewhat different way than does the U.S. Census Bureau, but its reports provide corroboration of the picture emerging from recently released&hellip;","og_title":"Chapter 4: Comparison of the Census Wealth Tabulations to the Fed\u2019s Flow of Funds Net Worth Data","og_description":"The Federal Reserve Bank measures household wealth in a somewhat different way than does the U.S. Census Bureau, but its reports provide corroboration of the picture emerging from recently released&hellip;","schema_type":"Article","noindex":false,"canonical_url":"","primary_terms":[],"custom_schema":[],"og_image":0,"indexnow_submitted_at":null,"gsc_index_status":null},"prepublish_checks":{"prc-image-alt-text":{"status":"incomplete","message":"1 image is missing alt text.","data":{"count":1}},"prc-about-this-research":{"status":"incomplete","message":"Add an \"About this research\" details block.","data":null},"prc-paragraph-count":{"status":"complete","message":"Found 3 paragraphs.","data":{"count":3}},"prc-internal-link":{"status":"incomplete","message":"Add at least one internal link.","data":{"count":0}}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"relatedPostsOrdered":[],"bylinesOrdered":[{"key":"ff5abfc7b805de95dc5a62d8e9727926","termId":984},{"key":"a21aab640810765816823b91598b22fe","termId":980}],"acknowledgementsOrdered":[],"_links":{"self":[{"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/posts\/40741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/comments?post=40741"}],"version-history":[{"count":2,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/posts\/40741\/revisions"}],"predecessor-version":[{"id":121870,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/posts\/40741\/revisions\/121870"}],"wp:attachment":[{"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/media?parent=40741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/categories?post=40741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/tags?post=40741"},{"taxonomy":"bylines","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/bylines?post=40741"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/collection?post=40741"},{"taxonomy":"datasets","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/datasets?post=40741"},{"taxonomy":"level_of_effort","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/level_of_effort?post=40741"},{"taxonomy":"primary_audience","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/primary_audience?post=40741"},{"taxonomy":"information_type","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/information_type?post=40741"},{"taxonomy":"_post_visibility","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/_post_visibility?post=40741"},{"taxonomy":"formats","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/formats?post=40741"},{"taxonomy":"_fund_pool","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/_fund_pool?post=40741"},{"taxonomy":"languages","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/languages?post=40741"},{"taxonomy":"regions-countries","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/regions-countries?post=40741"},{"taxonomy":"research-teams","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/research-teams?post=40741"},{"taxonomy":"workflow-status","embeddable":true,"href":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/workflow-status?post=40741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}