SNAP Benefits Recipients in New York
Annual
BR36000NYA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,889,220.00
Year-over-Year Change
-2.30%
Date Range
1/1/1989 - 1/1/2022
Summary
The Annual trend measures the annual percent change in U.S. consumer debt balances. It provides insight into household borrowing and spending patterns, which are key indicators of consumer confidence and economic activity.
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 Annual trend tracks the year-over-year percent change in total consumer credit outstanding, including credit card balances, auto loans, and student loans. It is a widely followed economic indicator that reflects consumer behavior and financial conditions.
Methodology
The data is collected and calculated by the Federal Reserve based on financial institution reporting.
Historical Context
Policymakers and analysts use this metric to assess consumer demand and the health of household finances.
Key Facts
- Consumer debt balances grew 3.1% year-over-year as of the latest data.
- Credit card balances account for over one-third of total consumer debt.
- Annual percent change in consumer debt has averaged 4.8% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in total consumer credit outstanding, including credit cards, auto loans, and student loans.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household borrowing and spending patterns, which are key indicators of consumer confidence and economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve based on financial institution reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer demand and the health of household finances.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Annual (BR36000NYA647NCEN), retrieved from FRED.