Revenue from Households for Data Processing, Hosting, and Related Services, Establishments Subject to Federal Income Tax
Percent Change
HHD518TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.40
Year-over-Year Change
785.71%
Date Range
1/1/2004 - 7/1/2020
Summary
The Percent Change trend measures the quarterly change in household disposable income, excluding taxes, in the United States. This metric is closely watched by economists and policymakers to gauge the financial well-being of American households.
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 Percent Change trend tracks the quarter-over-quarter movement in household disposable income, which represents the total income available to households for spending and saving after accounting for taxes. This indicator provides insight into the financial resources and purchasing power of consumers, which is a key driver of economic growth.
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
Policymakers use this metric to inform decisions on fiscal, monetary, and regulatory policies that impact household finances and consumption.
Key Facts
- Household disposable income accounts for over two-thirds of U.S. GDP.
- The Percent Change trend reached a record high of 12.9% in 2020 Q2.
- Consumer spending makes up approximately 70% of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: The Percent Change trend measures the quarterly change in household disposable income, which is the total income available to U.S. households for spending and saving after accounting for taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial resources and purchasing power of American consumers, which is a key driver of economic growth and a focus for policymakers and 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: Policymakers use this metric to inform decisions on fiscal, monetary, and regulatory policies that impact household finances and consumption, which are critical to overall economic performance.
Q: Are there update delays or limitations?
A: The Percent Change data is released quarterly by the Bureau of Economic Analysis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change (HHD518TAXABL157QNSA), retrieved from FRED.