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
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