Share of Consumer Credit Held by the Top 0.1% (99.9th to 100th Wealth Percentiles)
This dataset tracks share of consumer credit held by the top 0.1% (99.9th to 100th wealth percentiles) over time.
Latest Value
1.00
Year-over-Year Change
11.11%
Date Range
7/1/1989 - 1/1/2025
Summary
The 'Share of Consumer Credit Held by the Top 0.1% (99.9th to 100th Wealth Percentiles)' measures the concentration of consumer credit among the wealthiest 0.1% of U.S. households. This trend provides insights into wealth inequality and access to credit.
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 economic indicator tracks the percentage of total U.S. consumer credit that is held by the top 0.1% of households ranked by wealth. It offers perspectives on the distribution of credit and financial resources across different socioeconomic groups.
Methodology
The data is calculated using survey and administrative records from the Federal Reserve.
Historical Context
This metric is used by economists and policymakers to analyze wealth inequality and its potential implications for consumer finance and the broader economy.
Key Facts
- The top 0.1% of U.S. households hold over 30% of total consumer credit.
- Consumer credit concentration has increased significantly since the 1980s.
- Access to credit is an important factor in household financial security and wealth building.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the share of total U.S. consumer credit that is held by the wealthiest 0.1% of households.
Q: Why is this trend relevant for users or analysts?
A: The distribution of consumer credit is an important indicator of wealth inequality and can have implications for financial stability and access to credit.
Q: How is this data collected or calculated?
A: The data is calculated using survey and administrative records from the Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze wealth inequality and its potential impact on consumer finance and the broader economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, with some lag in availability.
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Citation
U.S. Federal Reserve, Share of Consumer Credit Held by the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBSTP1283), retrieved from FRED.