Consumer Durables Held by the Top 1% (99th to 100th Wealth Percentiles)
This dataset tracks consumer durables held by the top 1% (99th to 100th wealth percentiles) over time.
Latest Value
1057474.00
Year-over-Year Change
15.11%
Date Range
7/1/1989 - 1/1/2025
Summary
Tracks consumer durables ownership among the top 1% of wealth holders. Offers insights into luxury consumption and economic stratification.
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
Measures durable goods ownership in the highest wealth percentile. Helps analyze consumption patterns and economic inequality.
Methodology
Collected through comprehensive wealth and consumer surveys by Federal Reserve.
Historical Context
Used in studying consumer behavior and economic resource distribution.
Key Facts
- Represents durable goods ownership by top 1%
- Indicates luxury consumption patterns
- Reflects economic resource concentration
FAQs
Q: What are consumer durables?
A: Durable goods are long-lasting consumer products like appliances, vehicles, and electronics.
Q: How frequently is this data updated?
A: Typically updated annually through the Survey of Consumer Finances.
Q: Why track top 1% durable goods ownership?
A: Provides insights into consumption patterns and economic inequality across wealth segments.
Q: How do these holdings compare to other wealth groups?
A: Top 1% typically own significantly more and higher-value durable goods compared to lower wealth percentiles.
Q: What economic insights can be drawn?
A: Reveals consumption disparities and potential economic concentration trends.
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Citation
U.S. Federal Reserve, Consumer Durables Held by the Top 1% (WFRBLT01003), retrieved from FRED.