Other Loans and Advances (Assets) Held by the Bottom 50% (1st to 50th Wealth Percentiles)
WFRBLB50093 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,556.00
Year-over-Year Change
-33.51%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the value of other loans and advances held as assets by the bottom 50% of U.S. households by wealth. It provides insights into the financial holdings and debt levels of lower-income Americans.
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 'Other Loans and Advances (Assets)' metric tracks non-mortgage debt instruments like personal loans, student loans, and credit card balances held by households. Analyzing this data for the bottom wealth quintile offers economists and policymakers a window into the financial health and credit access of lower-income populations.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances, a comprehensive national household finance survey.
Historical Context
This indicator can inform policies related to consumer credit, wealth inequality, and financial inclusion.
Key Facts
- Tracked asset class includes personal loans, student loans, and credit card balances.
- Data covers the bottom 50% of U.S. households by wealth.
- Provides insights into financial health and credit access of lower-income Americans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of non-mortgage debt instruments like personal loans, student loans, and credit card balances held as assets by the bottom 50% of U.S. households by wealth.
Q: Why is this trend relevant for users or analysts?
A: Analyzing this data for lower-income households offers insights into the financial health and credit access of more vulnerable populations, informing policies related to consumer credit, wealth inequality, and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected through the Federal Reserve's Survey of Consumer Finances, a comprehensive national household finance survey.
Q: How is this trend used in economic policy?
A: This indicator can inform policies related to consumer credit, wealth inequality, and financial inclusion by providing a window into the debt levels and financial holdings of lower-income Americans.
Q: Are there update delays or limitations?
A: The Survey of Consumer Finances is conducted every three years, so there may be delays in data availability. Additionally, the survey has sample size limitations that should be considered when interpreting the results.
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Citation
U.S. Federal Reserve, Other Loans and Advances (Assets) Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLB50093), retrieved from FRED.