This survey and report were prepared by the Consumer and Community Development Research Section of the Federal Reserve Board's Division of Consumer and Community Affairs (DCCA).

DCCA directs consumer- and community-related functions performed by the Board, including conducting research on financial services policies and practices and their implications for consumer financial stability, community development, and neighborhood stabilization.

DCCA staff members Jeff Larrimore, Mario Arthur-Bentil, Sam Dodini, and Logan Thomas prepared this report. Federal Reserve staff members Eric Belsky, Anna Alvarez Boyd, Andrea Brachtesende, Alexandra Brown, David Buchholz, Angelyque Campbell, Lisa Dettling, Allen Fishbein, Daniel Gorin, Arturo Gonzalez, Joanne Hsu, Geng Li, Barbara Lipman, Alejandra Lopez-Fernandini, Ellen Merry, Barbara Robles, John Sabelhaus, Maximilian Schmeiser, Jenny Schuetz, and PJ Tabit provided valuable comments and feedback on the design of the survey and drafting of this report. The authors would also like to thank Don Dillman at Washington State University for his insights on the survey.