Annual
LFEAICTTO1A647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128,629,000.00
Year-over-Year Change
-3.46%
Date Range
1/1/2008 - 1/1/2016
Summary
The Annual trend measures the total income earned by families and individuals in a given year. It is a key indicator of economic well-being and consumer spending power.
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 total personal income, including wages, salaries, interest, dividends, and government transfers. It provides a comprehensive view of household income and financial resources, which are important for understanding consumer behavior and the broader economic climate.
Methodology
The data is collected through surveys of households and individuals by the U.S. Census Bureau.
Historical Context
Policymakers and economists use the Annual trend to assess the financial health of households and monitor changes in consumer spending and saving patterns.
Key Facts
- Annual personal income in the U.S. was $18.8 trillion in 2021.
- Wages and salaries account for over 60% of total personal income.
- Personal income has grown by an average of 4.3% per year since 2010.
FAQs
Q: What does the Annual economic trend measure?
A: The Annual trend measures the total income earned by families and individuals in a given year, including wages, salaries, interest, dividends, and government transfers.
Q: Why is the Annual trend relevant for users or analysts?
A: The Annual trend is a key indicator of economic well-being and consumer spending power, which are important for understanding household financial health and the broader economic climate.
Q: How is the Annual data collected or calculated?
A: The data is collected through surveys of households and individuals by the U.S. Census Bureau.
Q: How is the Annual trend used in economic policy?
A: Policymakers and economists use the Annual trend to assess the financial health of households and monitor changes in consumer spending and saving patterns.
Q: Are there update delays or limitations for the Annual trend?
A: The Annual data is typically released with a lag of several months, but it provides a comprehensive view of personal income that is valuable for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, Annual (LFEAICTTO1A647S), retrieved from FRED.