Federal Government; Loans, Excluding Mortgages; Asset, Level
Annual
FGSTLAA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,098,196.00
Year-over-Year Change
154.19%
Date Range
1/1/1945 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in the personal saving rate, providing insight into consumer spending and saving behavior.
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 personal saving rate, which represents the percentage of disposable personal income that households save. This metric is closely watched by economists and policymakers to gauge consumer confidence and the overall health of the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Changes in the personal saving rate can inform economic and monetary policy decisions.
Key Facts
- The personal saving rate averaged 7.3% in 2021.
- Saving rates spiked during the COVID-19 pandemic as consumer spending declined.
- Historically, the US personal saving rate has ranged from around 3% to 15%.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the personal saving rate, which represents the percentage of disposable personal income that households save.
Q: Why is this trend relevant for users or analysts?
A: The personal saving rate is a key indicator of consumer spending and confidence, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Changes in the personal saving rate can inform economic and monetary policy decisions, as it reflects the financial health and spending patterns of households.
Q: Are there update delays or limitations?
A: The Annual personal saving rate data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual (FGSTLAA027N), retrieved from FRED.