Thursday, August 7, 2014

New Federal Reserve Report on Economic Well-Being of U.S. Households

The Federal Reserve released a new report on the economic well-being of U.S. households. The data for the report was collected in September 2013, covering topics such house housing, credit availability, education borrowing, savings, retirement, and medical expenses.

The report found that, “Overall… many households were faring well, but that sizable fractions of the population were at the same time displaying signs of financial stress.” Notably, 34% of respondents felt they were worse off financially than before the recession and 61% expect their income to remain the same in the next 12 months.

Read the press release. Read the key findings. Read the report.

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