Share of Deferred and Unpaid Life Insurance Premiums Held by the Bottom 50% (1st to 50th Wealth Percentiles)
This dataset tracks share of deferred and unpaid life insurance premiums held by the bottom 50% (1st to 50th wealth percentiles) over time.
Latest Value
8.60
Year-over-Year Change
-1.15%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the share of deferred and unpaid life insurance premiums held by individuals in the bottom 50% of the wealth distribution. It provides insights into the financial resilience and protection of lower-income households.
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 deferred and unpaid life insurance premiums held by the bottom 50% of wealth percentiles is an indicator of the financial health and insurance coverage of lower-income households. It highlights the accessibility and affordability of life insurance products for economically vulnerable populations.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on household wealth and life insurance premium information.
Historical Context
This trend is relevant for policymakers and analysts assessing the equity and inclusiveness of the life insurance market.
Key Facts
- The bottom 50% of wealth percentiles held 7.8% of deferred and unpaid life insurance premiums in 2019.
- Lower-income households often face barriers to accessing and maintaining life insurance coverage.
- Improving life insurance affordability and inclusion can enhance financial security for vulnerable populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of deferred and unpaid life insurance premiums held by individuals in the bottom 50% of the wealth distribution.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial resilience and insurance coverage of lower-income households, which is important for assessing equity and inclusiveness in the life insurance market.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on household wealth and life insurance premium information.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing the accessibility and affordability of life insurance products for economically vulnerable populations.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve, and there may be some delays in the availability of the most recent information.
Related News
U.S. Stock Markets Hit Record Highs Amid Nvidia, OpenAI Partnership
Nvidia's OpenAI Partnership Excites U.S. Markets The unprecedented performance of the U.S. stock markets can be largely attributed to Nvidia's exciting partnership with OpenAI. This collaboration is not only setting new records for Nvidia shares but is also invigorating other tech stocks, leading to historic highs in indices like the Dow Jones, S&P 500, and Nasdaq. Record-high stocks signify significant investment opportunities, underscored by revolutionary artificial intelligence innovations.
Federal Reserve's Interest Rate Policy and Economic Dissent
Interest Rate Debate: The Federal Reserve’s Dissent and Policy Implications The effective federal funds rate affects various aspects of daily life, including mortgage payments and savings returns. This rate forms the crux of economic policy overseen by the Federal Reserve, the entity responsible for adjusting interest rates to steer the U.S. economy. Currently, a range of opinions exists regarding these adjustments, as debates within the Federal Reserve persist about balancing inflation managem
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
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
Similar WFRBSB Trends
Share of Consumer Credit Held by the Bottom 50% (1st to 50th Wealth Percentiles)
WFRBSB50211
Share of Consumer Durables Held by the Bottom 50% (1st to 50th Wealth Percentiles)
WFRBSB50192
Share of Corporate and Foreign Bonds Held by the Bottom 50% (1st to 50th Wealth Percentiles)
WFRBSB50199
Share of Corporate Equities and Mutual Fund Shares Held by the Bottom 50% (1st to 50th Wealth Percentiles)
WFRBSB50203
Share of Debt Securities Held by the Bottom 50% (1st to 50th Wealth Percentiles)
WFRBSB50197
Share of Depository Institutions Loans N.E.C. Held by the Bottom 50% (1st to 50th Wealth Percentiles)
WFRBSB50212
Citation
U.S. Federal Reserve, Share of Deferred and Unpaid Life Insurance Premiums Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBSB50214), retrieved from FRED.