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Last year, the United States faced unprecedented challenges stemming from the pandemic. The Federal Reserve Board’s annual Survey of Household Economics and Decisionmaking (SHED) provides insights into the challenges that people faced as a result of COVID-19, as well as who was most affected by the disruptions.

During this session, experts will discuss the results from the 2020 SHED, which asked over 11,000 people how their finances fared near the end of 2020. Findings showed nearly one-fourth of adults were doing worse in 2020 than they were a year earlier; despite this setback, most people noted their finances were “at least okay” overall.

The virtual event will cover findings from the SHED on the ways families fared across a range of dimensions, including employment, children’s schooling and childcare, and finances. Speakers will also discuss recent trends on disparities in financial well-being by education, race, and ethnicity.

Speakers:

  • Jeff Larrimore, chief, Consumer and Community Research Section, Board of Governors
  • Alicia Lloro, senior economist, Consumer and Community Research Section, Board of Governors
  • Matuschka Lindo Briggs, director, Federal Reserve Bank of St. Louis (moderator)