Personal Contributions for Social Insurance in District of Columbia
DCOSOC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,146.90
Year-over-Year Change
15.97%
Date Range
1/1/1948 - 1/1/2025
Summary
The Personal Contributions for Social Insurance in District of Columbia tracks the total amount of personal social insurance contributions made by residents of the District of Columbia. This metric is an important indicator of economic activity and household financial health.
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 measures the total amount of money contributed by D.C. residents to social insurance programs like Social Security and Medicare. It provides insight into the financial capacity and confidence of households in the region.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and economists use this data to assess the economic well-being of D.C. residents and make informed decisions about social programs and taxes.
Key Facts
- D.C. residents contributed $9.7 billion in personal social insurance in 2021.
- Contributions have grown by 45% over the past decade.
- Social Security and Medicare make up the majority of these contributions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of personal contributions made by residents of the District of Columbia to social insurance programs like Social Security and Medicare.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the financial capacity and confidence of D.C. households, which is useful for policymakers and economists analyzing the regional economy.
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: Policymakers and economists use this data to assess the economic well-being of D.C. residents and make informed decisions about social programs and taxes.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Personal Contributions for Social Insurance in District of Columbia (DCOSOC), retrieved from FRED.