Source: Federal Reserve
Published: May 2019
n = 11,000 U.S. adults
Well-Being of U.S. Households
Circulated: November 21, 2019
- 75% are doing okay or living comfortably. (+1200 basis points compared to 2013. Note: 100 basis points = 1%).
- 56% are better off than their parents were at the same age and 20% report being worse off."
- 30% have family income that varies from month to month.
- 10% receive some financial support from someone living outside their home, mainly from parents. For under the age of 30, it increases to 25%.