Annual Overview

Financial Health Pulse® Research 2023

After reaching a historic high in 2021, our 2023 U.S. Trends Report finds that the financial health of Americans has declined to pre-pandemic levels. In 2023, we examined the financial health of newly added demographic and socioeconomic groups, which expands our analysis to over a dozen groups. The report reveals a concerning shift toward financial vulnerability – particularly among historically disadvantaged populations.

Key Findings

Worried man checking bills at home

A Shift Toward Financial Vulnerability

The share of Financially Vulnerable Americans grew to 17% in 2023 from 15% in 2022.

young couple reviewing their finances

Disproportionate Vulnerability

Black, Latinx, and younger Americans disproportionately experienced an increase in financial vulnerability.

Young woman using a calculator on smart phone when sorting out her financial bills

Banking and Employment Status

Unbanked households and workers whose businesses employ under 100 employees were more frequently Financially Vulnerable.

2023 Featured Research

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Our Pulse Partners

The Financial Health Pulse® initiative is made possible through generous support from funders, partners, and advisors who share our commitment to improving financial health.

Citi Foundation
USCDornsife

Meet Our Experts

Kennan Cepa, Ph.D.

Director, Policy and Research
 

Wanjira Chege

Associate, Research
Financial Health Network

Necati Celik, Ph.D.

Manager, Research
Financial Health Network

Andrew Warren

Manager, Research
Financial Health Network

Riya Patil

Senior Associate, Workplace Solutions
Financial Health Network