Update on the Economic Well-Being of U.S. Households: July 2020 Results

Abstract: In March 2020, the onset of the COVID-19 pandemic altered the financial landscape for many American families. Recognizing the unprecedented financial disruptions caused by the pandemic, the Federal Reserve conducted a pair of supplemental surveys to monitor the financial well-being of U.S. households. The first was fielded in April 2020, and the results were described in the Report on the Economic Well-Being of U.S. Households in 2019, Featuring Supplemental Data from April 2020. This report describes the responses to the second supplemental survey, fielded in July 2020. The combined results shed light on the evolution of family finances after the onset of COVID-19, the associated economic disruptions, and the likely effects of public policy responses.

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: Reports and Studies

Publication Date: 2020-09

Pages: 28

Note: Report on the Economic Well-Being of U.S. Households (SHED)

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