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Federal Reserve Board issues Economic Well-Being of U.S. Households in 2023 report
The Federal Reserve Board on Tuesday issued its Economic Well-Being of U.S. Households in 2023 report, which examines the financial circumstances of U.S. adults and their families. Overall, the report shows that financial well-being was nearly unchanged from 2022 as higher prices remained a challenge for most households and workers continued to benefit from a strong labor market. The report draws from the Board's eleventh annual Survey of Household Economics and Decisionmaking (SHED), which was fielded in October 2023. It analyzes topics including financial well-being, income, employment, expenses, banking and ... (full story)