Perspective on Inequality and Opportunity from the Survey of Consumer Finances. Board of Governors of the Federal Reserve System https://www.federalreserve.gov/newsevents/speech/yellen20141017a.htm 10 Survey of Consumer Finances, Board of Governors of the Federal Reserve System https://www.federalreserve.gov/econres/scfindex.htm. 11 Survey of Consumer Finances, Board of Governors of the Federal Reserve System https://www.federalreserve.gov/econres/scfindex.htm. See also Bhutta, Chang, Dettling & Hsu (2020).
*  *  *  I would like to thank the subcommittee for inviting me to discuss H.R. 5414, the proposed Check Clearing for the 21st Century Act.