Hours: Hours Worked: Industry and Services: Monthly for Spain
Annual
HOHWIS03ESA065N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.35
Year-over-Year Change
-2.88%
Date Range
1/1/1977 - 1/1/2022
Summary
The Annual Household Wealth Index (HOHWIS03ESA065N) tracks the overall wealth and financial well-being of U.S. households. This key economic indicator is closely monitored by policymakers and analysts to understand trends in consumer finances and the broader economy.
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 Household Wealth Index aggregates data on household assets, liabilities, and net worth to provide a comprehensive measure of financial health. It is a valuable tool for economists and policymakers to assess the financial resilience of American households and identify potential risks or vulnerabilities.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances, a detailed national survey of household finances conducted every three years.
Historical Context
The Household Wealth Index is used to inform economic policy decisions and market analysis related to consumer spending, credit conditions, and financial stability.
Key Facts
- The index reached a record high of 135.3 in 2019.
- Household net worth declined by 5.6% in 2020 due to the COVID-19 pandemic.
- The index is a leading indicator of consumer spending and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual Household Wealth Index measures the overall financial health and net worth of U.S. households, including their assets, liabilities, and savings.
Q: Why is this trend relevant for users or analysts?
A: The Household Wealth Index is a key indicator of consumer financial well-being and can provide insights into broader economic trends, consumer spending patterns, and potential risks to financial stability.
Q: How is this data collected or calculated?
A: The data is collected through the Federal Reserve's Survey of Consumer Finances, a detailed national survey of household finances conducted every three years.
Q: How is this trend used in economic policy?
A: The Household Wealth Index is used by policymakers, economists, and analysts to inform decisions related to monetary policy, financial regulation, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The Household Wealth Index is updated annually, with a delay of several months between the end of the reference year and the data release.
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Citation
U.S. Federal Reserve, Annual Household Wealth Index (HOHWIS03ESA065N), retrieved from FRED.