Economic Insights from Lower-Income Communities: Findings from the 2024 Community Perspectives Survey

In April 2024, the Federal Reserve conducted the Community Perspectives Survey, which focuses on economic conditions in low- to moderate-income (LMI) communities and the health of organizations serving them. Overall, the survey found poor conditions for economic mobility in LMI communities. Access to housing and increasing cost of goods and services were among the top challenges. Respondents did note that continued availability of jobs was contributing positively to economic mobility. During this Connecting Communities webinar, Federal Reserve Staff and leaders from national community development organizations discussed the findings and how their organizations continue to provide vital services to LMI communities and play a part in promoting economic resilience and mobility.