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, Jeff Larrimore, Jacob Lockwood, Zofsha Merchant, and Anna Tranfaglia prepared this report.

Federal Reserve staff members Laura Benedict, Andrea Brachtesende, David Buchholz, Ellen Levy, Madelyn Marchessault, Kirk Schwarzbach, and Nitish Sinha provided valuable feedback and contributions to the report. Additionally, Kenneth Brevoort, Kabir Dasgupta, Katherine Lim, Ryan Nunn, Jake Orchard, Erin Troland, Douglas Webber, and Mike Zabek made valuable contributions to the development of this year's survey questionnaire. The authors would also like to thank Bob Torongo, Frances Barlas, Zachary Lewis, 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, 2023