SNAP Benefits Recipients in Tennessee
Annual
BR47000TNA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
796,078.00
Year-over-Year Change
-37.32%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the annual percentage change in net worth for U.S. households and non-profit organizations. It is a key indicator of the overall financial health and economic well-being of the private sector.
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 percentage change in net worth represents the year-over-year growth rate in the total assets held by U.S. households and non-profit organizations, minus their total liabilities. This metric reflects changes in asset values, savings, and debt levels, providing insight into the broader state of consumer finances.
Methodology
The Federal Reserve calculates this series based on data from the Financial Accounts of the United States.
Historical Context
Economists and policymakers closely monitor this trend to assess consumer financial conditions and the potential for changes in spending, investment, and economic growth.
Key Facts
- Household net worth hit a record high of $143.8 trillion in Q4 2021.
- The annual growth rate in net worth peaked at 20.1% in 2021 after contracting in 2020.
- Rapid asset appreciation, especially in stocks and real estate, has been a key driver of rising net worth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in the total net worth of U.S. households and non-profit organizations, which includes their assets minus liabilities.
Q: Why is this trend relevant for users or analysts?
A: The annual change in household net worth is a key indicator of consumer financial health and a driver of economic growth through its impact on spending and investment.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this series based on data from the Financial Accounts of the United States.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor changes in household net worth to assess the financial standing of consumers and the potential for shifts in spending, saving, and economic growth.
Q: Are there update delays or limitations?
A: This data is released quarterly by the Federal Reserve with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Annual (BR47000TNA647NCEN), retrieved from FRED.