Share of Consumer Durables Held by the Top 1% (99th to 100th Wealth Percentiles)
WFRBST01111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.80
Year-over-Year Change
1.59%
Date Range
7/1/1989 - 1/1/2025
Summary
The 'Share of Consumer Durables Held by the Top 1% (99th to 100th Wealth Percentiles)' tracks the concentration of consumer durables, such as vehicles and household appliances, among the wealthiest 1% of U.S. households. This metric provides insights into wealth inequality and consumption 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
This series represents the proportion of total consumer durables held by households in the 99th to 100th wealth percentiles, the top 1% of U.S. wealth distribution. It offers a lens into how wealth is concentrated at the top and how this affects the ownership of durable goods.
Methodology
The data is calculated from the Federal Reserve's Survey of Consumer Finances.
Historical Context
Policymakers and economists analyze this trend to understand wealth inequality and its implications for consumer markets and the broader economy.
Key Facts
- The top 1% held over 40% of consumer durables in 2019.
- Consumer durables account for a significant portion of household wealth.
- Wealth concentration at the top has increased in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total consumer durables, such as vehicles and household appliances, that are held by the wealthiest 1% of U.S. households.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wealth inequality and how it affects the ownership of durable consumer goods, which has implications for consumer markets and the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated from the Federal Reserve's Survey of Consumer Finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand wealth inequality and its effects on consumer spending and the distribution of economic resources.
Q: Are there update delays or limitations?
A: The data is updated periodically based on the Federal Reserve's Survey of Consumer Finances, which is conducted every three years.
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Citation
U.S. Federal Reserve, Share of Consumer Durables Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01111), retrieved from FRED.