The Center for Household Financial Stability was launched by the Federal Reserve Bank of St. Louis in 2013 to research and strengthen the financial health of struggling families in the U.S.
We especially focus on what a family saves, owns and owes—also called a family’s wealth.
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As COVID-19 negatively and disproportionately impacts the health and financial well-being of disadvantaged groups, notably black Americans, and in the midst of the tragic deaths of George Floyd, Ahmaud Arbery, Breonna Taylor and others, we write to call attention to an underlying economic inequity that may be contributing—at least in part—to the heightened racial tensions we’re all witnessing today. Learn more.
As of late July, 12.5% of Americans were experiencing housing distress. Of those families, distress varied significantly by demographic factors and renter status.
A worker’s paycheck-to-paycheck challenges illustrate who is most at risk.
Policy Analyst Ana Kent discusses devastating financial setbacks millennials face amidst COVID-19.
Mortgage rates tend to move in lockstep with longer-term Treasury yields. Factors in the retail mortgage market may explain why this isn’t happening.