Black people in America did worse economically in 2025 than at any time since the Federal Reserve began its financial wellbeing survey in 2013, according to some measures published Wednesday. More notable than the depressed financial situation of Black respondents is the gap between Black people and, in some cases, every other racial and ethnic group recorded. Black adults were the only racial group who reported a notable jump in concerns about price increases, the Fed wrote in its report, up 6% year over year. The percentage of Black people "doing okay" or "living comfortably" declined by 5% from 65% in 2024 to 60% in 2025, the largest drop recorded since the Fed began collecting this data, including in 2020 during the COVID-era recession. The percentage of Hispanic respondents "doing okay" or "living comfortably" declined 1% from 63% to 62%, while Asian people's situations stayed flat with 82% feeling comfortable.