A new report from the U.S. Federal Reserve draws from the Board’s sixth annual Survey of Household Economics and Decisionmaking (SHED) and examines the economic well-being and financial lives of Americans and their families. A key theme of this year’s report was exploring the sources and effects of financial fragility across several domains, from employment to banking to managing expenses. The report contains a lot of interesting housing data that’s worth sifting through. Interestingly, respondents satisfaction with their current living arrangements was revealing:
“People’s housing and living arrangements can affect their financial lives, access to desired amenities and resources, and overall happiness. Nearly three quarters of adults are currently satisfied with their housing, and a similar share are satisfied with their neighborhood. However, satisfaction with either is notably lower in low-income communities. Renters, in particular, are less likely to be satisfied with their housing quality than homeowners, and some report difficulties with their landlords.”
Click here to read the full report at federalreserve.gov.
