Share of Deferred and Unpaid Life Insurance Premiums Held by the 90th to 99th Wealth Percentiles
This dataset tracks share of deferred and unpaid life insurance premiums held by the 90th to 99th wealth percentiles over time.
Latest Value
31.90
Year-over-Year Change
0.95%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the share of deferred and unpaid life insurance premiums held by households in the 90th to 99th wealth percentiles in the United States. It provides insights into the savings and insurance habits of high-wealth individuals.
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 90th to 99th Wealth Percentiles is an important indicator of wealth distribution and financial behavior among high-net-worth households. It sheds light on how this demographic manages long-term savings and risk protection through life insurance.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on household balance sheet surveys.
Historical Context
This trend is useful for policymakers, financial analysts, and economists to understand wealth inequality and household financial decision-making.
Key Facts
- The 90th to 99th wealth percentiles hold a significant share of deferred and unpaid life insurance premiums.
- This trend has remained relatively stable over the past two decades.
- High-wealth households use life insurance as a tool for long-term savings and risk management.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of deferred and unpaid life insurance premiums 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 trend provides insights into the financial behavior and savings habits of high-net-worth households, which is important for understanding wealth distribution and household risk management.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on household balance sheet surveys.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, financial analysts, and economists to understand wealth inequality and household financial decision-making, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delays in availability due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Share of Deferred and Unpaid Life Insurance Premiums Held by the 90th to 99th Wealth Percentiles (WFRBSN09160), retrieved from FRED.