Federal Reserve Releases Results on the Economic Well-Being of U.S. Households

According to the recently released Federal Reserve Board Report on the Economic Well-Being of U.S. Households, which provides the results of responses to the 2019 Survey of Household Economics and Decision Making (SHED), as well as a follow up survey conducted in April of this year, at the end of 2019, 76% of adults surveyed in the U.S. reported ‘doing okay’ or living comfortably financially’, which was unchanged from 2018. However, it is was 13% higher than when the survey began in 2013. The report showed how homeownership is closely intertwined with a household’s finances. The report does not take into consideration the COVID-19 pandemics impact on the U.S. economy and households.