"As part of our mission to make the U.S. economy stronger and the financial system more stable for all segments of society, the New York Fed issues periodic reports on credit access for low-income Americans in a series called 'The State of Low-Income America.'

The 2024 report, 'The State of Low-Income America: Credit Access & Housing,' examines low-income households' access to credit, ability to repay loans, and use of mortgage refinancing through Q3 of 2023."