Comment on The economic well-being of average Americans

The economic well-being of average Americans

Last month, the Federal Reserve released a new report: Economic Well-Being of U.S. Households in 2021 [PDF]. This annual survey gauges American financial health and attitudes. The 2021 edition was conducted last November. Here are some highlights from the report: Seventy-eight percent of adults were either doing okay or living comfortably financially, the highest share with this level of financial well-being since the survey began in 2013. Fifteen percent of adults with income less than $50,000 struggled to pay their bills because of varying monthly income. Fifteen percent of workers said they were in a different job than twelve months earlier.

 

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