Share of Consumer Durables Held by the 90th to 99th Wealth Percentiles
This dataset tracks share of consumer durables held by the 90th to 99th wealth percentiles over time.
Latest Value
21.30
Year-over-Year Change
-1.39%
Date Range
7/1/1989 - 1/1/2025
Summary
This trend measures the share of consumer durables, such as vehicles and appliances, held by households in the 90th to 99th wealth percentiles in the United States. It provides insights into wealth distribution and consumer spending patterns.
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 high-wealth households is an important indicator of economic inequality and the concentration of consumer purchasing power. Economists and policymakers analyze this metric to understand trends in wealth distribution and their potential impact on consumer demand.
Methodology
The data is collected through the Survey of Consumer Finances, a comprehensive household survey conducted by the Federal Reserve.
Historical Context
This trend is used to inform economic policy decisions and analyze market dynamics related to consumer spending and wealth distribution.
Key Facts
- The 90th to 99th wealth percentiles held over 50% of consumer durables in 2019.
- This metric has increased from around 40% in the 1980s, reflecting rising wealth concentration.
- Consumer durables account for a significant portion of household assets and spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of consumer durables, such as vehicles and appliances, held by households in the 90th to 99th wealth percentiles in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wealth distribution and the concentration of consumer purchasing power, which is important for understanding economic inequality and its impact on consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through the Survey of Consumer Finances, a comprehensive household survey conducted by the Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic policy decisions and analyze market dynamics related to consumer spending and wealth distribution.
Q: Are there update delays or limitations?
A: The Survey of Consumer Finances is conducted every three years, so there may be a delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Share of Consumer Durables Held by the 90th to 99th Wealth Percentiles (WFRBSN09138), retrieved from FRED.