Since 2013, the Federal Reserve Board has conducted the Survey of Household Economics and Decisionmaking (SHED), which measures the economic well-being of U.S. households and identifies potential risks to their finances. The survey includes modules on a range of topics of current relevance to financial well-being including credit access and behaviors, savings, retirement, economic fragility, and education and student loans.

Current Survey

Economic Well-Being of U.S. Households in 2023
May 21, 2024
The report draws from the Board's 11th annual Survey of Household Economics and Decisionmaking, (SHED), which examines the financial lives of U.S. adults and their families. The survey of more than 11,000 adults was conducted in October 2023. The report discusses findings related to financial well-being, income, employment, expenses, banking and credit, housing, higher education and student loans, and retirement and investments.

Economic Well-Being of U.S. Households in 2023 Fact Sheet (PDF)

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Economic Well-Being of U.S. Households in 2023: Appendixes

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DOI Identifier
Board of Governors of the Federal Reserve Board
Economic Well-Being of U.S. Households in 2023
Results from the 2023 Survey of Household Economics and Decisionmaking (SHED) indicate that people’s overall financial well-being was nearly unchanged from the previous year but below the high reached in 2021. Despite the moderating pace of inflation, many adults continued to indicate that higher prices were a challenge in managing their finances. The survey, which was fielded in October 2023, showed similar patterns for other measures of financial resiliency as well. Both the share of adults who spent less than their income in the month before the survey and the share who would pay for an unexpected $400 expenses with cash or the equivalent were nearly unchanged from 2022, yet both were down from 2021. Among adults who were not retired, the share who felt that their retirement savings plan was on track rose slightly from 2022, possibly reflecting stock market gains, but remained below the share who felt their retirement savings was on track in 2021.
Board of Governors of the Federal Reserve System
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Last Update: May 21, 2024