Connecting Communities: Highlights from the 2024 Survey of Household Economics and Decisionmaking

This session will share the major findings from the annual Survey of Household Economics and Decisionmaking (SHED), which was fielded in October 2024 and will be released in May 2025 before the session. The survey is a key tool of the Federal Reserve Board for understanding the financial circumstances of low-income families and understanding potential risks to their financial health. In this Connecting Communities webinar, researchers from the Board will discuss the trends in family finances, employment, and financial risks experienced by U.S. adults.

In addition to monitoring major aspects of household financial circumstances on an ongoing basis, each year the survey also covers other topics that can directly affect financial well-being. In 2024, the survey included new questions on financial fraud, brought back questions on gig work, and expanded the modules on caregiving and homeowners insurance—some of which will be covered in the session. Additionally, the survey continues to ask questions on the use of credit products, savings, and housing.

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