Consumer Finance

Our Consumer Finance Institute researches how people earn, spend, save, and invest, as well as how credit markets and payment systems affect the economy. Our goal is to foster a healthy consumer sector, a stable financial system, and a resilient regional and national economy.

Cryptocurrency Ownership in 2026 – Fewer New Owners Among LIFE Survey Respondents

Between April 2024 and April 2026, data collected via the LIFE Survey show that cryptocurrency ownership rates among survey respondents are flat and (in the last six quarters) became decoupled from changes in the market price of Bitcoin.

President Anna Paulson speaks with Fed's Payments Chief Mark Gould in a fireside chat at the 2026 Fintech Conference.

Payment Systems

Article

Fintech’s Next Chapter: Five Insights from the Fed’s Payments Chief

At the 10th Annual Fintech Conference, Philadelphia Fed President and CEO Anna Paulson sat down with Federal Reserve Chief Payments Executive Mark Gould for a conversation on the past and future of payments.

Aerial view of a suburb

Home Mortgage Disclosure Act (HMDA) Lender File

The HMDA Lender File includes characteristics of firms receiving mortgage applications and originating loans. The data set enables users to connect HMDA filers to their parent organizations and compare a filer’s lending over time.

Buying a Home Is Viewed as the Best Wealth-Building Tool but Less So Among Young Adults

To understand how Americans view the most effective ways to build wealth, we surveyed about 5,000 U.S. adults in 2026, asking how they would advise someone to use a financial windfall to build future wealth.

Are Household Perceptions of Borrowing Costs Creating Spending Headwinds?

Financing conditions in credit markets play a critical role in household and business spending, thereby influencing overall economic activity.

Education Finance

Discussion Paper

Apprenticeship and Postsecondary Education Are Intertwined: New Evidence on Apprenticeship Pathways in the United States

DP 26-02 – This paper uses a large sample of online job postings and individual worker profiles to study apprenticeship in the United States.