Changes in U.S. Family Finances from 2022 to 2025 (Federal Reserve Board)
Summary
- Real median family income rose 7 percent between the 2022 to 2025 surveys, while real mean family income fell 6 percent.p.7
- Real median net worth rose by 2 percent between 2022 and 2025, while real mean net worth rose by 7 percent.p.8
- The homeownership rate was 66 percent in 2025, about unchanged from 2022.p.8
- Participation in the stock market declined from 58 percent in 2022 to 56 percent in 2025.p.8
- The fraction of families with any type of debt remained about stable at 77 percent between 2022 and 2025.p.9
- The share of families that reported being behind on loan payments sharply increased from about 12 percent to almost 20 percent between 2022 and 2025.p.9
Key insights
- Real median family income increased by 7 percent between the 2022 and 2025 surveys.p.7
- Real median net worth rose by 2 percent to $215,900 between 2022 and 2025.p.17
- Median net housing value for homeowner families rose to $230,000 in 2025 from $218,900 in 2022.p.8
- The proportion of families with debt payment-to-income ratios greater than 40 percent increased from 6.5 to 8.6 percent.p.9
- Conditional on holding stock, median stock holdings grew 36 percent from $56,900 in 2022 to $77,400 in 2025.p.8
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