Three quarters of Americans surveyed by the Federal Reserve last year said they ...
WASHINGTON - Three quarters of Americans surveyed by the Federal Reserve last year said they were living comfortably or doing OK in 2018, roughly unchanged from the year before but continuing a six-year trend that has reflected the ongoing economic recovery and falling unemployment, the Fed reported on Thursday.
The change over last year, however, was not considered statistically significant, evidence that a round of tax cuts, wage hikes and strong 2018 growth had not registered deeply in household sentiment that may have plateaued. Among those without a high school degree, around 68% of whites still reported doing at least OK, compared to 61% of blacks and 58% of Hispanics. For each race, the number was about 20 percentage points higher among those with a college degree, with nearly 90% of college-educated whites saying they were financially alright.
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