Federal Reserve releases 2025 Survey of Consumer Finances
1 min read
The Federal Reserve Board on Friday released the results of the 2025 Survey of Consumer Finances. The survey provides the public and policymakers with detailed insights into the economic condition of American families.
Real median family income rose 7 percent to $82,200 between the 2022 and 2025 surveys. Real mean family income fell 6 percent to $145,200. Families in the lower ends of the income and net worth distributions saw modest increases in median and mean income.
Real median net worth rose by 2 percent to $215,900. Real mean net worth rose by 7 percent to $1.24 million. The homeownership rate was 66 percent in 2025, about unchanged from 2022. For families that owned a home, the median net housing value rose to $230,000 from $218,900.
Stock market participation declined slightly from 58 percent in 2022 to 56 percent in 2025. Conditional on holding stock, median stock holdings grew 36 percent from $56,900 to $77,400.
The fraction of families with any type of debt remained about stable at 77 percent. The fraction of families with debt payment-to-income ratios greater than 40 percent increased from 6.5 to 8.6 percent, a level last seen in the 2013 survey.
The survey was conducted for the Board by NORC at the University of Chicago. Participants were chosen at random from 119 geographic areas across the United States. The current version of the survey has been undertaken every three years since 1989.
