Acknowledgements
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 surveys and research to advance understanding of financial and economic conditions of low- and moderate-income communities and households. DCCA staff members Alicia Lloro, Ellen Merry, Anna Tranfaglia, Mike Zabek, Kenneth Brevoort, Fatimah Shaalan, and Miki Wang prepared this report.
Federal Reserve staff members Laura Benedict, Andrea Brachtesende, Angelyque Campbell, Jeff Larrimore, Ellen Levy, Laura Lipscomb, David Newville, Madelyn Marchessault, Karen Santana-Garces, and Kirk Schwarzbach provided valuable feedback and contributions to the report. Additionally, Kabir Dasgupta, Alejandra Lopez-Fernandini, Erin Troland, Douglas Webber and Hector Ortiz made valuable contributions to the development of this year's survey questionnaire. The authors would also like to thank Elisa Chan, Leticia Maciel, Poom Nukulkij, Ying Wang, Zachary Lewis, and Dina Rezk for their assistance fielding the survey.
Mention or display of a trademark, proprietary product, or firm in the report does not constitute an endorsement or criticism by the Federal Reserve System and does not imply approval to the exclusion of other suitable products or firms.
If you have questions about the survey or this report, please email [email protected]. Please cite this report as: Board of Governors of the Federal Reserve System, Economic Well-Being of U.S. Households in 2025 (Washington: Board of Governors, 2026), https://doi.org/10.17016/8960.2.
Please cite the use of SHED data as: Board of Governors of the Federal Reserve System, Survey of Household Economics and Decisionmaking [dataset] (Washington: Board of Governors, 2026), https://doi.org/10.17016/datasets.002.