Still, the central bank found pain points in examining factors including housing, savings, student loans and retirement, among others. The most common reason for renters not being able to afford a home was inability to pay a down payment.
Read MoreEconomists, markets mixed on 2015 rate hike
Nearly half of part-time workers said they would prefer to work more hours at their current wage. While 63 percent of respondents noted that they had saved at least some money in the year leading up to the survey, 20 percent said they spent more than they made in that period.
Roughly 40 percent of non-retirees had given little or no thought to retirement planning, while 31 percent had no retirement savings or pension.
Other findings include:
- Sixty-five percent of those surveyed said their families were "doing okay" or "living comfortably," a slight improvement from the previous year.
- Nearly half of respondents said they could not cover an emergency expense of $400 or more, or would afford it by selling something or borrowing.
- About one-third reported forgoing medical care because it was too expensive.
- Roughly a quarter of adults said they have some form of education debt.
- A higher percentage of Americans with a household income exceeding $100,000 expect income to rise than those with a household income under $40,000.
About 5,900 responded to the survey, which the Fed conducted last October. It emphasized surveying individuals with incomes under $40,000 to accurately compare demographics.
Read MoreRates rising in 2015 if economy improves: Yellen