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Share of Americans in Financial Distress Reaches High Levels

Author

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  • Masataka Mori
  • Juan M. Sanchez

Abstract

A smaller share of Americans were in financial distress in 2021 than before the pandemic. Depending on the type of debt, the incidence of financial distress has returned to a high level in 2023.

Suggested Citation

  • Masataka Mori & Juan M. Sanchez, 2023. "Share of Americans in Financial Distress Reaches High Levels," On the Economy 97542, Federal Reserve Bank of St. Louis.
  • Handle: RePEc:fip:l00001:97542
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    File URL: https://www.stlouisfed.org/on-the-economy/2023/dec/share-americans-financial-distress-reaches-high-levels
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    Keywords

    financial distress;

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