All Sectors; Social Benefits Received (IMA), Transactions
ASSBREQ027S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,599,155.00
Year-over-Year Change
17.62%
Date Range
10/1/1946 - 1/1/2025
Summary
This economic trend measures the value of social benefits received by all sectors of the U.S. economy in the form of transactions. It is an important indicator for economists and policymakers analyzing social welfare programs and their economic impacts.
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
The All Sectors; Social Benefits Received (IMA), Transactions series tracks the dollar value of social benefits, such as government-provided healthcare, unemployment insurance, and other transfer payments, that are received by individuals, businesses, and other economic actors. This metric provides insight into the flow of government-to-private income transfers.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the macroeconomic effects of social welfare programs and government fiscal policy.
Key Facts
- The series dates back to 1947.
- Social benefits accounted for over 20% of U.S. GDP in 2021.
- The trend experienced rapid growth during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of social benefits, such as government-provided healthcare, unemployment insurance, and other transfer payments, received by all sectors of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the flow of government-to-private income transfers and the role of social welfare programs in the broader economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to assess the macroeconomic effects of social welfare programs and government fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, All Sectors; Social Benefits Received (IMA), Transactions (ASSBREQ027S), retrieved from FRED.