Report on the Economic Well-Being of U.S. Households in 2019, Featuring Supplemental Data from April 2020 May 2020 B O A R D O F G O V E R N O R S O F T H E F E D E R A L R E S E R V E S YSTEM Report on the Economic Well-Being of U.S. Households in 2019, Featuring Supplemental Data from April 2020 May 2020 B O A R D O F G O V E R N O R S O F T H E F E D E R A L R E S E R V E S YSTEM This and other Federal Reserve Board reports and publications are available online at https://www.federalreserve.gov/publications/default.htm. To order copies of Federal Reserve Board publications offered in print, see the Board’s Publication Order Form (https://www.federalreserve.gov/files/orderform.pdf) or contact: Printing and Fulfillment Mail Stop K1-120 Board of Governors of the Federal Reserve System Washington, DC 20551 (ph) 202-452-3245 (fax) 202-728-5886 (email)
[email protected] iii Preface This survey and report were prepared by the Con- Buchholz, Madelyn Marchessault, Josh Montes, sumer and Community Research Section of the Fed- Barbara Robles, Claudia Sahm, Kirk Schwarzbach, eral Reserve Board’s Division of Consumer and Susan Stawick, and Alison Weingarden provided Community Affairs (DCCA). valuable comments on the survey and report. Robynn Cox, Jennifer Doleac, Keith Finlay, Ana DCCA directs consumer- and community-related Kent, Raven Molloy, Mike Mueller-Smith, Wilbert functions performed by the Board, including con- van der Klaauw, Sara Wakefield, and Abigail Woz- ducting research on financial services policies and niak provided helpful feedback on new survey ques- practices and their implications for consumer finan- tions for the main survey and the April 2020 supple- cial stability, community development, and neighbor- mental survey.