This survey and report were prepared by the Consumer and Community 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 Alicia Lloro, Ellen Merry, Kenneth Brevoort, Kayla Jones, Jeff Larrimore, Jacob Lockwood, Anna Tranfaglia, Erin Troland, Douglas Webber, and Mike Zabek prepared this report. Federal Reserve staff members Laura Benedict, Andrea Brachtesende, David Buchholz, Ellen Levy, Madelyn Marchessault, Kirk Schwarzbach, and Pamela Wilson provided valuable feedback on the report. The authors would like to thank Eric Belsky, Anna Alvarez Boyd, Eileen Divringi, Dan Gorin, Simona Hannon, Geng Li, Tenisha Noel, Kamila Sommer, Sarah Stein, and Ann Thompson for their contributions to new survey questions. The authors would also like to thank Bob Torongo, Frances Barlas, Poom Nukulkij, and Alyssa Marciniak for their assistance fielding the survey.

If you have questions about the survey or this report, please email [email protected].

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Last Update: June 02, 2022