Federal Reserve Reports on Economic Well-Being of U.S. Households

The Federal Reserve Board Report on the Economic Well-Being of U.S. Households in 2016, which provides insights into the well-being of households and examines how individuals and their families are faring in the economy, finds that Americans’ sense of their overall financial health improved modestly last year, but adults without any college education reported no improvement in their financial well-being for the first time since 2013. The study also notes that day-to-day finances remain precarious for many Americans, as 44 percent of respondents said they would not be able to cover an unexpected $400 expense or would have to borrow money or sell something to gather the funds. In addition, the report shows that 9 percent of renters who moved in the previous two years reported moving due to eviction or facing the threat of eviction.

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