There was some good news and some not so good news in the Fed’s latest annual Report on the Economic Well-Being of U.S. Households.  First the good news. The report, based on the Board’s fourth annual Survey of Household Economics and Decisionmaking conducted in October 2016, presents a “picture of improving financial well-being among Americans”, at least according to the report (read on to see if this is merited). Overall, 70% of the more than 6,600 respondents said

they were either “living comfortably” or “doing okay,” up 1% from 2015 and up 8% from the first survey results in 2013.Not surprisingly, the highest percentage, or 92%, of those who responded they were “living comfortably” was among the group with more than $100,000 in family income. For Americans making less than $40,000 the breakdown was almost evenly split with 49% saying they are “just getting by.” FULL REPORT