Consumer Credit Held by the 99th to 99.9th Wealth Percentiles
This dataset tracks consumer credit held by the 99th to 99.9th wealth percentiles over time.
Latest Value
109577.00
Year-over-Year Change
16.98%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the level of consumer credit held by individuals in the 99th to 99.9th wealth percentiles in the United States. It provides insights into the borrowing and spending habits of the wealthiest segment of the population.
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 Consumer Credit Held by the 99th to 99.9th Wealth Percentiles series represents the outstanding amount of consumer debt, such as credit cards, auto loans, and student loans, held by households in the top 1% to 0.1% of the wealth distribution. This data point is used by economists and policymakers to analyze consumption patterns and financial risk among the highest-income Americans.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using household survey information.
Historical Context
This trend is relevant for understanding the broader economic implications of debt accumulation and spending behavior among the affluent.
Key Facts
- The 99th to 99.9th wealth percentiles account for approximately 1% of the U.S. population.
- Consumer credit held by this group has grown by over 50% in the past decade.
- Debt levels among the wealthiest Americans can impact broader economic trends and financial stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of consumer credit, such as credit cards, auto loans, and student loans, held by individuals in the 99th to 99.9th wealth percentiles in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the borrowing and spending habits of the wealthiest segment of the population, which can have broader implications for economic growth, consumption patterns, and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using household survey information.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the financial behavior and risk profiles of high-income households, which can inform policies related to consumer spending, wealth distribution, and financial regulation.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying household survey, which may result in occasional update delays or revisions.
Related News
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
U.S. Economy Weak in August, Retail Sales Show Potential Resilience
Resilient Retail: Analyzing August’s Economic Trends in U.S. Retail Sales Recent trends in U.S. retail sales offer an intriguing glimpse into economic resilience amidst the challenges of August. The retail sector demonstrated its strength, even as broader economic indicators painted a less optimistic picture. In August, consumer spending and the retail sector were noteworthy, providing insights into economic resilience and offering a beacon of optimism. This anomaly invites a closer look into c
US Fed rate cut depends on upcoming CPI inflation report
How the CPI Inflation Report Could Shape the Next Fed Rate Cut Decision The Consumer Price Index (CPI) inflation report plays a vital role in shaping U.S. economic policy, particularly concerning the Federal Reserve's decisions. As the primary measure of inflation for urban consumers, understanding CPI figures can steer expectations about potential rate cuts. This report influences a host of financial metrics including interest rates, US inflation, and the overall health of financial markets. A
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
Similar WFRBL99T Trends
Consumer Durables Held by the 99th to 99.9th Wealth Percentiles
WFRBL99T999203
Corporate And Foreign Bonds Held by the 99th to 99.9th Wealth Percentiles
WFRBL99T999204
Corporate Equities And Mutual Fund Shares Held by the 99th to 99.9th Wealth Percentiles
WFRBL99T999205
Debt Securities Held by the 99th to 99.9th Wealth Percentiles
WFRBL99T999206
Deferred And Unpaid Life Insurance Premiums Held by the 99th to 99.9th Wealth Percentiles
WFRBL99T999207
Depository Institutions Loans N.E.C. Held by the 99th to 99.9th Wealth Percentiles
WFRBL99T999208
Citation
U.S. Federal Reserve, Consumer Credit Held by the 99th to 99.9th Wealth Percentiles (WFRBL99T999202), retrieved from FRED.