The Federal Reserve Board released its 2025 Survey of Consumer Finances, showing that real median family income and net worth increased from 2022, while real mean income declined and more families faced high debt payment burdens. Real median income rose 7 percent to USD 82,200, but real mean income fell 6 percent to USD 145,200. Real median net worth increased 2 percent to USD 215,900, while real mean net worth grew 7 percent to USD 1.24 million. Homeownership remained broadly unchanged at 66 percent, although median net housing value among homeowners rose to USD 230,000 from USD 218,900. Retirement plan participation edged up to about 65 percent, while stock market participation declined to 56 percent from 58 percent. The share of families with debt remained stable at 77 percent, but the proportion with debt payment-to-income ratios above 40 percent climbed from 6.5 percent to 8.6 percent, its highest level since the 2013 survey.
Federal Reserve Board reports higher median family income and net worth as elevated debt burdens increase
The Federal Reserve Board’s 2025 Survey of Consumer Finances found that real median family income rose 7 percent and real median net worth increased 2 percent from 2022. Overall debt prevalence remained stable, but the share of families with debt payment-to-income ratios above 40 percent rose from 6.5 percent to 8.6 percent.