Income and wealth
The Federal Reserve released its 2025 Survey of Consumer Finances on October 9. After adjusting for inflation, median family income rose 7% from 2022 to $82,200. Mean income fell 6% to $145,200.
Median net worth increased 2% to $215,900, while mean net worth rose 7% to $1.24 million. The median describes the middle family; the mean is the average across families.
Debt payments
About 77% of families held debt, little changed from 2022. The share with debt payments exceeding 40% of income increased from 6.5% to 8.6%.
The survey provides a national picture of family assets, borrowing and banking. Its current form has been conducted every three years since 1989.