Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families
美联储发布2025年消费者财务调查结果
October 09, 2026
2026年10月09日
Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families
美联储理事会发布2025年消费者财务状况调查结果，该调查为公众和政策制定者提供了关于美国家庭经济状况的详细洞察
For release at 10:00 a.m. EDT
于美国东部夏令时间上午10:00发布
The Federal Reserve Board on Friday released the results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families.
美联储理事会于周五发布了2025年消费者财务状况调查结果，该调查为公众和政策制定者提供了关于美国家庭经济状况的详细洞察。
The data provide a representative picture of what Americans own, how and how much they borrow, and how they bank. The current version of the survey has been undertaken every three years since 1989 and provides the public with an extensive time series of thorough information on the economic conditions of American families. Alongside the survey data, the Board issued its summary report entitled Changes in U.S. Family Finances from 2022 to 2025 (PDF), which examines changes in income, net worth, assets, debt, and financial vulnerability.
这些数据以具有代表性的方式呈现了美国人拥有什么、如何借贷以及借贷多少、以及如何使用银行服务。当前版本的调查自1989年以来每三年进行一次，为公众提供了关于美国家庭经济状况的详尽信息的长期时间序列。除调查数据外，理事会还发布了其摘要报告，题为2022年至2025年美国家庭财务状况变化（PDF），该报告考察了收入、净资产、资产、债务和财务脆弱性的变化。
Key findings from the 2025 survey include:
2025年调查的主要发现包括：
- Real median family income rose 7 percent between the 2022 to 2025 surveys to $82,200, while real mean family income fell 6 percent to $145,200. Families in the lower ends of the income and net worth distributions saw modest increases in median and mean income, while families in the upper ends saw declines.
- Between 2022 and 2025, real median net worth rose by 2 percent to $215,900, while real mean net worth rose by 7 percent to $1.24 million. Most families across the net worth and income distributions experienced increases in median and mean wealth.
- The homeownership rate was 66 percent in 2025, about unchanged from 2022. For families that owned a home, the median net housing value (the value of a home minus home-secured debt, such as a mortgage) rose to $230,000 in 2025 from $218,900 in 2022.
- Retirement plan participation, which includes account-type plans, individual retirement accounts, or defined benefit plans, was up slightly between 2022 and 2025 at around 65 percent. For families with account-type plans, mean and median balances rose.
- Participation in the stock market, which includes direct stock and indirect holdings, declined slightly from 58 percent in 2022 to 56 percent in 2025. Conditional on holding stock, median stock holdings grew 36 percent from $56,900 in 2022 to $77,400 in 2025.
- The fraction of families with any type of debt remained about stable at 77 percent. Median and mean debt outstanding remained unchanged from 2022.
- The fraction of families with debt payment-to-income ratios greater than 40 percent, which are families with particularly high debt payment obligations relative to their incomes, increased from 6.5 to 8.6 percent, a level last seen in the 2013 survey.
- 在2022年至2025年两次调查之间，实际家庭收入中位数上升7%，达到82,200美元，而实际家庭收入均值下降6%，至145,200美元。处于收入和净资产分布较低端的家庭，其中位数和均值收入出现温和增长，而处于较高端的家庭则出现下降。
- 2022年至2025年间，实际净资产中位数上升2%，达到215,900美元，而实际净资产均值上升7%，达到124万美元。净资产和收入分布中的大多数家庭，其中位数和均值财富均有所增加。
- 2025年住房拥有率为66%，与2022年大致持平。对于拥有住房的家庭，住房净值中位数（住房价值减去住房担保债务，如抵押贷款）从2022年的218,900美元上升至2025年的230,000美元。
- 退休计划参与率——包括账户型计划、个人退休账户或固定收益计划——在2022年至2025年间略有上升，约为65%。对于拥有账户型计划的家庭，其账户余额的均值和�中位数均有所上升。
- 股市参与率——包括直接持股和间接持股——从2022年的58%小幅下降至2025年的56%。在持有股票的条件下，股票持有量中位数从2022年的56,900美元增长36%，至2025年的77,400美元。
- 拥有任何类型债务的家庭比例基本稳定在77%。未偿债务的中位数和均值与2022年相比保持不变。
- 债务偿付与收入之比超过40%的家庭——即相对于其收入而言债务偿付义务特别高的家庭——比例从6.5%上升至8.6%，这一水平上次出现是在2013年的调查中。
In addition to the summary report, an interactive chartbook displaying changes in these financial characteristics over time is available here. Additional data from the survey, including extensive data examining other economic conditions of American families, is made available to researchers and the public here.
The survey is conducted for the Board by NORC, a social science research organization at the University of Chicago. Participants in the study are chosen at random from 119 geographic areas, including metropolitan areas and rural counties across the United States, using scientific sampling procedures that aim to produce a sample representative of American families.
该调查由芝加哥大学的社会科学研究机构NORC为理事会开展。研究参与者通过科学抽样程序，从包括美国大都市区和农村县在内的119个地理区域中随机选取，旨在产生一个代表美国家庭的样本。
For media inquiries, please email [email protected] or call (202) 452-2955.
媒体垂询，请发送电子邮件至 [email protected] 或致电 (202) 452-2955。
Last Update: October 09, 2026
最后更新： 2026年10月09日
背景与资料来源
The Fed released the 2025 Survey of Consumer Finances, showing real median income up 7% to $82,200 and median net worth up 2% to $215,900 since 2022.
美联储发布2025年消费者财务调查，显示自2022年以来实际收入中位数上涨7%至82,200美元，净资产中位数上涨2%至215,900美元。
Income and net worth shifts
Real median family income rose 7 percent between the 2022 and 2025 surveys to $82,200, while real mean income fell 6 percent to $145,200. Lower-income and lower-net-worth families saw modest gains in median and mean income, while upper-end families saw declines. Real median net worth rose 2 percent to $215,900 and real mean net worth rose 7 percent to $1.24 million, with most families across both distributions gaining wealth.
收入与净资产变化
在2022年至2025年两次调查之间，家庭实际收入中位数上升7%，达到82,200美元；实际收入均值下降6%，降至145,200美元。收入与净资产分布较低端的家庭，其中位数和均值收入小幅增长，而高端家庭则出现下降。实际净资产中位数上升2%至215,900美元，实际净资产均值上升7%至124万美元，两个分布中的多数家庭财富都有所增加。
Housing, retirement and stocks
The homeownership rate was 66 percent in 2025, about unchanged from 2022. For homeowners, median net housing value rose to $230,000 from $218,900. Retirement plan participation edged up to around 65 percent, and balances rose for families with account-type plans. Stock market participation slipped from 58 percent to 56 percent, but among those holding stock, median holdings grew 36 percent, from $56,900 to $77,400.
住房、退休与股票
2025年住房拥有率为66%，与2022年大致持平。对拥有住房的家庭而言，净住房价值中位数从218,900美元升至230,000美元。退休计划参与率小幅升至约65%，拥有账户型计划的家庭余额上升。股市参与率从58%降至56%，但在持股家庭中，持股中位数增长36%，从56,900美元增至77,400美元。
Debt burdens and survey background
The share of families with any debt stayed about stable at 77 percent, and median and mean debt outstanding were unchanged from 2022. However, families with debt payment-to-income ratios above 40 percent rose from 6.5 to 8.6 percent, a level last seen in 2013. The survey has run every three years since 1989 and is conducted for the Board by NORC at the University of Chicago, sampling randomly from 119 geographic areas.
债务负担与调查背景
有任何债务的家庭比例大致稳定在77%，未偿债务的中位数和均值与2022年持平。但债务偿付与收入之比超过40%的家庭从6.5%升至8.6%，为2013年调查以来最高。该调查自1989年以来每三年进行一次，由芝加哥大学NORC为美联储执行，从119个地理区域随机抽样。
What the high-burden rise may signalAnalysis
If the rise in families with debt payment-to-income ratios above 40 percent persists, it could point to growing financial strain among a small but vulnerable group, even as overall debt levels held steady. This is an interpretation of the data, not a finding stated in the release.
高负担比例上升可能意味着什么解读
如果债务偿付与收入之比超过40%的家庭比例继续上升，可能表明一个规模不大但脆弱的群体财务压力加大，尽管整体债务水平保持稳定。这是对数据的解读，并非新闻稿中陈述的结论。
尚待确认的信息
- 调查未说明高债务偿付收入比家庭的具体构成或原因。
- 新闻稿未提供2025年调查的样本量或误差范围。
英文摘句与资料来源
英文摘句附中文翻译；上方导读为归纳与解读，全文见来源链接。
- 报道来源 · 已读取公开正文 · 2026-10-09[1] Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families ↗
Real median family income rose 7 percent between the 2022 to 2025 surveys to $82,200
在2022年至2025年两次调查之间，家庭实际收入中位数上升7%，达到82,200美元
由 AI 根据列出的资料整理 · 更新于 2026-10-09
文章信息与目录
来源：Federal Reserve · Press Releases · federalreserve.gov