Board of Governors of the Federal Reserve System – Report on the Economic Well-Being of U.S. Households, May 2016

Key Findings – “Overall, individuals and their families continue to express mild improvements in their general well-being relative to that seen in 2013 and 2014. However, a number of adults still indicate that they are experiencing financial challenges, and optimism about the future tempered in 2015.
•Sixty-nine percent of adults report that they are either “living comfortably” or “doing okay,” com- pared to 65 percent in 2014 and 62 percent in 2013. However, 31 percent, or approximately 76 million adults, are either “struggling to get by” or are “just getting by.”
•Individuals are 9 percentage points more likely to say that their financial well-being improved during the prior year than to say that their financial well- being declined.
•Twenty-two percent of employed adults indicate that they are either working multiple jobs, doing informal work for pay in addition to their main job, or both.
•Twenty-three percent of respondents expect their income to be higher in the year after the survey, down from 29 percent who expected income growth in the year after the 2014 survey.”