Household Financial Well-Being Improves

The Federal Reserve Board has released the fifth annual Report on the Economic Well-Being of U.S. Households. The report provides a snapshot of the financial and economic well-being of U.S. households and the issues they face. Based on the Board's annual Survey of Household Economics and Decisionmaking conducted last November and December, the report reveals that overall financial well-being continued to improve in 2017, extending the gains over the past five years. Yet, notable differences in well-being remain across race, ethnicity, education groups, and locations.

The report also provides insights into individuals' employment experiences, emergency savings, bank and credit access, housing decisions, education, student loans, and retirement planning. Among the new topics covered in this year's report is the relationship between the opioid epidemic and local economic conditions.

You can access the report, view a video summarizing the survey's findings, and download the survey data on the Board's website at federalreserve.gov/consumerscommunities/shed.htm.