APPENDIX A FEDERAL RESERVE BOARD’S SURVEY OF HOUSEHOLD ECONOMICS AND DECISIONMAKING (SHED) Overview Since 2013, the Federal Reserve Board has conducted the Survey of Household Economics and Decisionmaking (SHED), which evaluates the economic well-being of U.S. households and identifies potential risks to their financial stability. The survey includes modules on a range of topics of current relevance to financial well-being, including credit access and behaviors, savings, retirement, economic fragility, and education and student loans. For more information: https://www.federalreserve.gov/publications/report-economic-well-being-us-households.htm
Who Conducted the Survey? The Board of Governors of the Federal Reserve System
Data Collection Method Online survey using a nationally representative panel (Ipsos Knowledge Panel)
Frequency/Timing Surveys included in this analysis were: • Survey of Household Economics and Decisionmaking conducted in October 2019 • COVID-19 supplemental survey conducted in July 2020 (focused on pandemic impacts) • Survey of Household Economics and Decisionmaking conducted in November 2020
Sample Size N-November 2020= 11,648; N-July 2020= 4,174; N-October 2019= 12,173
ALICE Calculations and Considerations The ALICE Threshold status of survey participants’ households were determined using three key components: 1) household income, 2) location, and 3) household composition. Location and family composition were used to identify the appropriate Household Survival Budget (based on 2018 United For ALICE data), which was then compared to the respondent’s household income to determine their ALICE Threshold status.
ALICE NATIONAL COVID SURVEY REPORT
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OCTOBER 2021
