Most measures of economic well-being and financial resilience in 2018 are similar to or slightly better than in 2017. Many families have experienced substantial gains since the survey began in 2013, in line with the nation’s ongoing economic expansion during that period. Even so, another year of economic expansion and the low national unemployment rates did little to narrow the persistent economic disparities by race, education, and geography.
The large number of people reporting that they are doing at least okay financially mirrors the results in the prior survey, maintaining the significant gains since the survey began in 2013.2 This generally positive assessment of economic well-being is consistent with the continued economic expansion and the low national unemployment rate. Even so, the rate of improvement in well-being was small relative to some previous years, and disparities persist across education, race, and neighborhoods.