The Impact of Inflation on U.S. Household Financial Well-Being.
TL;DR
The Federal Reserve Board's Economic Well-Being of U.S. Households in 2022 report shows that higher prices have negatively affected most households and overall financial well-being declined over the prior year, though workers continued to benefit from a strong labor market. The report draws from the Board's tenth annual Survey of Household Economics and Decisionmaking, or SHED, which was conducted in October of last year. The report discusses findings related to financial well-being, income, expenses, employment, banking and credit, housing, retirement and investments, and higher education and student loans.
Topics:businesseconomy#economy#federal-reserve#financial-well-being#higher-prices#labor-market#us-households
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