A new survey from the Federal Reserve finds that family finances overall improved in recent years, despite the economic upheaval caused by the pandemic.
In the pandemic, a third of Americans struggle to pay usual costs, even some earning over $100,000. But living on the edge financially is nothing new in the U.S. Three households share their budgets.
Median household income jumped to $68,700 in 2019, the highest since record-keeping began in 1967. Many of those gains have likely been erased this year, as the pandemic left tens of millions jobless.