Share of Consumer Durables Held by the Bottom 50% (1st to 50th Wealth Percentiles)
This dataset tracks share of consumer durables held by the bottom 50% (1st to 50th wealth percentiles) over time.
Latest Value
23.60
Year-over-Year Change
0.43%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the share of consumer durables held by households in the bottom 50% of the wealth distribution. It provides insights into the wealth and consumption patterns 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 Share of Consumer Durables Held by the Bottom 50% is an important indicator of wealth inequality and household purchasing power. It tracks the percentage of durable goods like vehicles, appliances, and electronics owned by the less wealthy half of the population.
Methodology
This data is collected and calculated by the U.S. Federal Reserve as part of its Survey of Consumer Finances.
Historical Context
Policymakers and economists use this trend to assess the financial health and spending capacity of lower-income households.
Key Facts
- The bottom 50% of households own approximately 13% of total consumer durables.
- Ownership of durable goods is concentrated among higher-wealth households.
- This metric has declined from around 17% in the 1980s to 13% today.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of consumer durable goods, such as vehicles, appliances, and electronics, that are owned by households in the bottom 50% of the wealth distribution.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wealth inequality and the purchasing power of lower-income households, which is important for policymakers and economists analyzing the financial health of the consumer sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its Survey of Consumer Finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the financial well-being and spending capacity of lower-income households, which can inform decisions related to tax policy, social programs, and consumer-focused regulations.
Q: Are there update delays or limitations?
A: The data is updated triennially as part of the Federal Reserve's Survey of Consumer Finances, so there may be a 2-3 year delay in the most recent information.
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Citation
U.S. Federal Reserve, Share of Consumer Durables Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBSB50192), retrieved from FRED.