Report on the Economic Well-Being of U.S. Households
Survey of Household Economics and Decisionmaking
Adults doing worse off than 12 months ago
Percent
Characteristic | Worse off |
---|---|
2014 | 21 |
2015 | 19 |
2016 | 17 |
2017 | 15 |
2018 | 13 |
2019 | 14 |
2020 | 24 |
2021 | 20 |
2022 | 35 |
2023 | 31 |
Note: Among all adults.
Adults doing worse off than 12 months ago, by education
Percent
Characteristic | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Less than a high school degree | 34 | 31 | 28 | 20 | 23 | 18 | 36 | 33 | 40 | 37 |
High school degree or GED | 22 | 19 | 18 | 16 | 14 | 15 | 26 | 24 | 38 | 33 |
Some college or associate degree | 23 | 19 | 18 | 17 | 14 | 15 | 26 | 23 | 36 | 34 |
Bachelor's degree or more | 16 | 15 | 14 | 12 | 10 | 10 | 18 | 13 | 31 | 27 |
Note: Among all adults.
Adults doing worse off than 12 months ago, by race/ethnicity
Percent
Characteristic | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Asian | 15 | 11 | 10 | 12 | 11 | 11 | 22 | 9 | 24 | 22 |
Black | 19 | 15 | 15 | 18 | 16 | 15 | 27 | 18 | 22 | 23 |
Hispanic | 20 | 18 | 17 | 18 | 17 | 16 | 30 | 22 | 33 | 33 |
White | 22 | 20 | 19 | 14 | 12 | 13 | 22 | 21 | 38 | 33 |
Note: Among all adults.
Adults doing worse off than 12 months ago, by age
Percent
Characteristic | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|
18-29 | 18 | 16 | 18 | 17 | 15 | 15 | 26 | 20 | 29 | 29 |
30-44 | 18 | 18 | 16 | 17 | 14 | 15 | 29 | 20 | 31 | 32 |
45-59 | 24 | 21 | 19 | 15 | 13 | 15 | 26 | 21 | 37 | 35 |
60+ | 24 | 18 | 17 | 13 | 12 | 11 | 17 | 19 | 39 | 29 |
Note: Among all adults.
Adults doing worse off than 12 months ago, by metro/non-metro status
Percent
Characteristic | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Non-Metro | 23 | 22 | 18 | 15 | 14 | 15 | 27 | 24 | 40 | 38 |
Metro | 21 | 18 | 17 | 15 | 13 | 13 | 24 | 20 | 34 | 30 |
Note: Among all adults.
Worse off financially than 12 months ago, by parental status
Percent
Characteristic | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|
Parents living with own children under age 18 | 20 | 18 | 17 | 14 | 15 | 31 | 21 | 35 | 36 |
All other adults | 18 | 17 | 14 | 13 | 13 | 22 | 20 | 34 | 30 |
Note: Among all adults.
Last Update: May 21, 2024