Financial security of US households ‘fell sharply’ in 2022
Inflation comes first in list of financial worries, Fed survey finds
The US experienced a decline in financial wellbeing over 2021–22, according to a Federal Reserve survey published May 22.
The share of respondents reporting they were either “living comfortably” or “doing okay” dropped five percentage points from 2021, to 73%.
“It is important that we continue to refine our understanding of the economic challenges facing US households,” said Federal Reserve board member Michelle Bowman.
The proportion of university degree-holders in these categories fell from
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