American Households Haven’t Recovered from the Great Recession

A new Federal Reserve survey finds more Americans say their finances are worse off following the great recession.

The study finds 34% of households say their finances are worse compared to 2008. 30% say their financial situation has improved since that time.

From the Wall Street Journal:

Considering that respondents were asked to compare their incomes to 2008, during the depths of the recession, “the fact that over two-thirds of respondents reported being the same or worse off financially highlights the uneven nature of the recovery,” the Fed report said.

Despite relatively few Americans feeling their finances are improving, most appear to be faring relatively well. The survey found 23% reported “living comfortably” and 37% said they were “doing OK.” Less than 40% said they were “just getting by” or otherwise struggling.