CFPB report finds household financial health is declining

The Consumer Financial Protection Bureau recently released its annual Making Ends Meet report for 2022 which covers the financial health of American households. Since 2019, the survey has seen improvements in financial health, in part from pandemic-related relief programs, reductions in consumer spending, and a tight labor market. The data from 2022, however, shows a decline in several key measures of financial health. Read on for more details.