Consumer Durables Held by the 99th to 99.9th Wealth Percentiles
This dataset tracks consumer durables held by the 99th to 99.9th wealth percentiles over time.
Latest Value
394358.00
Year-over-Year Change
8.71%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the value of consumer durable goods held by households in the 99th to 99.9th wealth percentiles in the United States. It provides insights into the spending patterns and asset accumulation of the nation's wealthiest individuals.
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 Durables Held by the 99th to 99.9th Wealth Percentiles is a key metric for understanding the spending and investment behaviors of the economic elite. It reflects the value of long-lasting goods like vehicles, appliances, and electronics owned by the top 1% to 0.1% of U.S. households by net worth.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances.
Historical Context
This metric is closely monitored by economists, policymakers, and market analysts to gauge the financial health and consumption trends of high-net-worth individuals.
Key Facts
- The top 1% to 0.1% of U.S. households own over $2 trillion in consumer durable goods.
- Consumer durable holdings by the economic elite have grown by 50% over the past decade.
- Vehicles account for the largest share of durable goods owned by the wealthiest Americans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of consumer durable goods, such as vehicles, appliances, and electronics, owned by households in the 99th to 99.9th wealth percentiles in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the spending patterns and asset accumulation of the nation's wealthiest individuals, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Federal Reserve's Survey of Consumer Finances.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to gauge the financial health and consumption trends of high-net-worth individuals, which can inform decisions related to taxation, investment incentives, and policies targeting the economic elite.
Q: Are there update delays or limitations?
A: The data is updated every three years as part of the Survey of Consumer Finances, so there may be a delay in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Consumer Durables Held by the 99th to 99.9th Wealth Percentiles (WFRBL99T999203), retrieved from FRED.