Personal Contributions for Social Insurance in Delaware
DEOSOC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,077.40
Year-over-Year Change
18.84%
Date Range
1/1/1948 - 1/1/2025
Summary
The Personal Contributions for Social Insurance in Delaware measure the amount that residents of Delaware pay into social insurance programs like Social Security and Medicare. This metric is important for understanding the state's economic and demographic trends.
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 tracks the total amount paid by Delaware residents for social insurance, which includes mandatory contributions to programs like Social Security and Medicare. It provides insight into the state's workforce, income levels, and participation in the social safety net.
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 metric to analyze the financial health and retirement security of Delaware's population.
Key Facts
- Delaware residents contributed over $9 billion to social insurance programs in 2021.
- Social insurance contributions account for nearly 10% of personal income in Delaware.
- The share of Delaware's population enrolled in social insurance programs has increased in recent years.
FAQs
Q: What does this economic trend measure?
A: The Personal Contributions for Social Insurance in Delaware metric tracks the total amount paid by state residents into social insurance programs like Social Security and Medicare.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into Delaware's workforce, income levels, and participation in the social safety net, which are crucial for understanding the state's economic and demographic trends.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the financial health and retirement security of Delaware's population, which informs decisions around social insurance programs and economic development.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be some delays in reporting due to the time required for data collection and processing.
Related Trends
Value of Exports to Hungary from Delaware
DEHUNA052SCEN
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Delaware
DESLGRTAX
All Employees: Private Service Providing in Delaware
SMS10000000800000001
Housing Inventory: Median Listing Price in Delaware
MEDLISPRIDE
Average Hourly Earnings of All Employees: Manufacturing in Delaware
SMU10000003000000003A
Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Delaware
DEDATAWWWNGSP
Citation
U.S. Federal Reserve, Personal Contributions for Social Insurance in Delaware (DEOSOC), retrieved from FRED.