Fed Report Shows Financial Well-Being Falls for Black Americans, Young Adults

Financial well-being deteriorated among Black Americans, young adults and lower-income households in 2025, even as 73% of U.S. adults said they were doing OK financially or living comfortably, the Federal Reserve said in a report published May 13, 2026. The Fed said 60% of Black adults reported financial stability in 2025, down from 65% in 2024. Among adults ages 18 to 29, 63% said they were doing OK or comfortable. The report cited weak payroll growth, higher unemployment among recent college graduates and increased reliance on family housing as pressures on younger adults. Forty-nine percent of people under 30 lived with their parents in 2025, up 12 percentage points from 2019. Price increases remained the top financial concern. Sixty-six percent of adults earning less than $50,000 cited inflation as a major concern, compared with 42% of those earning more than $100,000. Views of the national economy worsened, with 26% rating it good or excellent, down sharply from 50% in 2019.