Report on the Economic Well-Being of U.S. Households in 2016

Abstract: In order to monitor the economic status of American consumers, the Federal Reserve Board conducted the fourth annual Survey of Household Economics and Decisionmaking in October 2016. This survey provides insights into the well-being of U.S. households and consumers, and provides important information about how individuals and their families are faring in the economy. Topics examined in the survey include individuals’ overall financial well-being, employment experiences, income and savings behaviors, economic preparedness, access to banking and credit, housing and living arrangement decisions, education and human capital, student loans, and retirement planning. Key findings from the survey across these areas of individuals’ financial lives include: Overall Financial Well-Being; Employment, Multiple Jobs, and Informal Work; Income and Savings; Economic Preparedness and Emergency Savings; Banking and Credit; Housing and Living Arrangements; Higher Education; Education Debt and Student Loans; and Retirement.

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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: 2017-05

Pages: 172

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