SNAP Benefits Recipients in Minnesota
Annual
BR27000MNA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
457,493.00
Year-over-Year Change
-6.13%
Date Range
1/1/1989 - 1/1/2022
Summary
The Annual trend measures the net worth of U.S. households and nonprofit organizations. It is a key indicator of the overall financial health and well-being of the American public.
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 Annual trend tracks the total market value of all assets owned by U.S. households and nonprofit organizations, minus the value of all their liabilities. This comprehensive measure of net worth provides insights into consumer spending, savings, and investment patterns.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using information from household surveys and financial reports.
Historical Context
Policymakers and economists closely monitor household net worth to assess the broader economic climate and shape fiscal and monetary policies.
Key Facts
- U.S. household net worth reached a record high of $141.7 trillion in Q4 2021.
- Real estate accounts for the largest share of household assets at around 28%.
- Household net worth has grown by over 60% since the Great Recession in 2008.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total net worth of U.S. households and nonprofit organizations, which includes the market value of all their assets minus liabilities.
Q: Why is this trend relevant for users or analysts?
A: Household net worth is a key indicator of the financial health and spending power of American consumers, which has important implications for the broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this data using information from household surveys and financial reports.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor household net worth to assess the overall economic climate and shape fiscal and monetary policies that impact consumer spending and investment.
Q: Are there update delays or limitations?
A: The Annual data is released quarterly by the Federal Reserve with a lag of several months. There may also be revisions to previous estimates as new information becomes available.
Related Trends
SNAP Benefits Recipients in Red Willow County, NE
CBR31145NEA647NCEN
SNAP Benefits Recipients in Lonoke County, AR
CBR05085ARA647NCEN
SNAP Benefits Recipients in Calhoun County, SC
CBR45017SCA647NCEN
SNAP Benefits Recipients in Hamlin County, SD
CBR46057SDA647NCEN
SNAP Benefits Recipients in Delaware
BRDE10M647NCEN
SNAP Benefits Recipients in Jones County, SD
CBR46075SDA647NCEN
Citation
U.S. Federal Reserve, Annual (BR27000MNA647NCEN), retrieved from FRED.