Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, providing detailed insights into the economic condition of American families

WASHINGTON — The Federal Reserve Board on Friday released the highly anticipated results of the 2025 Survey of Consumer Finances, a comprehensive triennial study that equips the public, researchers, and policymakers with detailed, granular insights into the financial and economic condition of American families across the nation.

For release at 10:00 a.m. EDT, the newly published data offer a representative, nationwide picture of what American households own, how and how much they borrow, and how they utilize banking and financial services. The current version of the survey is part of a long-standing tradition, having been undertaken every three years since 1989. Over more than three decades, this initiative has provided the public with an extensive time series of thorough information, allowing economists and policymakers to track structural shifts and cyclical developments in the economic conditions of American families over time.

Alongside the raw survey data, the Board issued its official summary report entitled Changes in U.S. Family Finances from 2022 to 2025. This accompanying publication closely examines the macro and microeconomic shifts experienced by households during the intervening years, tracking vital financial metrics such as household income, overall net worth, accumulated assets, outstanding debt burdens, and varying levels of financial vulnerability.

The Survey of Consumer Finances serves as an indispensable tool for understanding the financial health of the United States population. Unlike other datasets that capture only single dimensions of household wealth, this survey integrates a wide array of financial variables into a unified framework. It details the distribution of wealth and debt across different demographic groups, shedding light on the economic realities faced by families in diverse geographic regions, income brackets, and stages of life.

To make the extensive findings accessible to a broad audience, the Federal Reserve Board has accompanied the release with a series of digital resources. In addition to the comprehensive summary report, an interactive chartbook displaying changes in these financial characteristics over time has been made available online for public exploration. This interactive tool allows users to visualize trends and compare financial indicators across multiple survey cycles. Furthermore, extensive microdata and supplementary documentation examining other specific economic conditions of American families are made available to academic researchers, financial analysts, and the general public through the Federal Reserve’s research portals.

The collection of this critical economic data is a massive undertaking, requiring rigorous methodology and meticulous execution. The survey is conducted on behalf of the Board by NORC, an independent social science research organization located at the University of Chicago. To ensure that the findings accurately reflect the broader U.S. population, participants in the study are chosen at random from 119 carefully selected geographic areas. This scientific sampling procedure encompasses a diverse cross-section of the country, including both bustling metropolitan areas and quiet rural counties across the United States. By casting a wide and scientifically controlled net, the survey aims to produce a sample that is fully representative of American families in all their economic diversity.

The release of the 2025 data comes at a time of continued economic evaluation, where policymakers rely heavily on empirical evidence to understand how households are navigating broader macroeconomic trends, interest rate environments, and labor market dynamics. By providing a clear and objective baseline of family balance sheets, the Survey of Consumer Finances remains a cornerstone of economic research and public policy formulation in the United States.

For members of the media seeking further information, official press inquiries regarding the 2025 Survey of Consumer Finances can be directed to the Federal Reserve Board’s media relations office via email at [email protected] or by telephone at (202) 452-2955.