Fed. Reserve Webinar: Connecting Communities: Findings on Financial Well-Being and Economic Preparedness for the Pandemic from the SHED

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Join experts from the Federal Reserve Board as they share key findings from the seventh annual Survey of Household Economics and Decisionmaking (SHED). Since 2013, the goal of the survey has been to gather and share a wide range of information about the financial challenges and opportunities facing individuals and households in the United States. The annual Report on the Well-Being of U.S. Households, which describes the SHED results, will be released shortly before the webinar takes place.

The seventh annual survey includes a special supplemental survey of individuals and households regarding their financial well-being in response to the COVID-19 pandemic. The supplemental survey was fielded during the first week of April and provides a unique look at household conditions as the economy contracted in response to the pandemic.

The 2019 survey findings provide a picture of how U.S. households were situated in the months leading up to the public health and financial crises. The supplemental survey found that self-reported financial well-being had declined in early 2020—most notably among those who lost a job or had hours reduced in March. The survey also tracks a number of other important individual and household characteristics related to employment, income, working from home, retirement and savings.

Previous years’ survey report and data can be accessed on the Community Development tab of the Board’s website at http://www.federalreserve.gov/communitydev/

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