The Fed released a study on the economic well-being of U.S. households, with extra data from April 2020. No surprise that financial circumstances were generally positive in 2019 but that financial conditions changed dramatically for people who experienced job loss or reduced hours during March 2020 as the spread of COVID-19 intensified in the United States.
Click the image to access the Fed’s website with the full report and a short video on the report highlights.
