Revenue from Households for Management, Scientific, and Technical Consulting Services, Establishments Subject to Federal Income Tax
Percent Change
HHD5416TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.40
Year-over-Year Change
-547.62%
Date Range
10/1/2004 - 7/1/2011
Summary
The Percent Change economic trend measures the quarterly change in disposable personal income, which is a key indicator of consumer spending power and economic growth.
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 data series tracks the percent change in disposable personal income, which represents the amount of income households have available for spending and saving after taxes and other deductions. It's a widely followed metric for assessing consumer demand and overall economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on personal income and tax records.
Historical Context
Percent change in disposable income is closely watched by policymakers, analysts, and investors to gauge the strength of consumer spending and the broader economy.
Key Facts
- Disposable income powers around 70% of U.S. economic activity.
- Percent change in disposable income averaged 3.3% annually from 2010-2019.
- Disposable income fell sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Percent Change series tracks the quarterly percent change in disposable personal income, which is the total income consumers have available for spending and saving after taxes and other deductions.
Q: Why is this trend relevant for users or analysts?
A: Percent change in disposable income is a key indicator of consumer spending power and a closely watched metric for assessing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on personal income and tax records.
Q: How is this trend used in economic policy?
A: Percent change in disposable income is monitored by policymakers, analysts, and investors to gauge consumer demand and inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The Percent Change data is published quarterly with a lag of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change (HHD5416TAXABL157QNSA), retrieved from FRED.