Personal Contributions for Social Insurance in Arkansas
AROSOC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,841.40
Year-over-Year Change
16.55%
Date Range
1/1/1948 - 1/1/2025
Summary
The 'Personal Contributions for Social Insurance in Arkansas' metric measures the total amount of social insurance contributions paid by individuals in the state of Arkansas. This data provides insights into the financial resources available for social programs and the state's economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks personal contributions to social insurance programs in Arkansas, which includes payments for programs like Social Security, Medicare, and unemployment insurance. The data is used by economists and policymakers to analyze trends in household finances, social safety net participation, and the overall health of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on tax and administrative records.
Historical Context
Trends in personal social insurance contributions are closely monitored for their implications on government budgets, consumer spending, and economic policy decisions.
Key Facts
- Arkansas residents contributed $12.7 billion to social insurance programs in 2021.
- Social insurance contributions account for 8.2% of personal income in Arkansas.
- Contributions have grown by 4.9% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Personal Contributions for Social Insurance in Arkansas' metric tracks the total amount of social insurance payments made by individuals in the state, including for programs like Social Security and Medicare.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial resources available for social programs and the overall health of Arkansas's economy, making it relevant for economists, policymakers, and anyone interested in understanding household finances and social safety net participation in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on tax and administrative records.
Q: How is this trend used in economic policy?
A: Trends in personal social insurance contributions are closely monitored for their implications on government budgets, consumer spending, and economic policy decisions in Arkansas and at the national level.
Q: Are there update delays or limitations?
A: The data is typically released with a 2-3 month lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Personal Contributions for Social Insurance in Arkansas (AROSOC), retrieved from FRED.