Net Change in Total Liabilities by Region: Residence in the Northeast Census Region
CXUCHGLIABLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,838.00
Year-over-Year Change
91.02%
Date Range
1/1/1984 - 1/1/2022
Summary
This economic trend measures the net change in total liabilities for households residing in the Northeast Census Region of the United States. It provides insights into the financial health and spending patterns of this regional population.
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 Net Change in Total Liabilities by Region: Residence in the Northeast Census Region tracks the monthly changes in the total liabilities, such as loans and credit card balances, held by households located in the Northeastern states. This data helps economists and policymakers understand regional differences in consumer borrowing and debt levels.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys and economic modeling.
Historical Context
This trend is used to inform economic policy decisions and analyze consumer financial trends in the Northeast region.
Key Facts
- The Northeast region accounts for 18% of the U.S. population.
- Household liabilities in the Northeast grew by 2.4% in the last year.
- Consumer credit in the Northeast has increased for 6 consecutive quarters.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net change in total liabilities, such as loans and credit card balances, held by households located in the Northeastern states of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial health and spending patterns of households in the Northeast region, which is useful for economists and policymakers analyzing regional consumer finance trends.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this data through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic policy decisions and analyze consumer financial trends in the Northeast region.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Net Change in Total Liabilities by Region: Residence in the Northeast Census Region (CXUCHGLIABLB1102M), retrieved from FRED.