Contributions for government social insurance: Employee and self-employed contributions: Federal social insurance funds: Old-age, survivors, disability, and hospital insurance
A1586C1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
846.62
Year-over-Year Change
138.01%
Date Range
1/1/1937 - 1/1/2023
Summary
This economic trend measures the total employee and self-employed contributions to federal social insurance funds, including old-age, survivors, disability, and hospital insurance. It provides insight into the government's social insurance programs and workforce participation.
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 Contributions for government social insurance trend represents the total mandatory payroll tax contributions by employees and self-employed individuals that fund major federal social insurance programs such as Social Security and Medicare. This data is a key indicator of workforce and economic activity.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the health of government social insurance programs and the broader economy.
Key Facts
- Contributions fund major federal social insurance programs.
- Data reflects both employee and self-employed contributions.
- Trend indicates workforce participation and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total mandatory payroll tax contributions by employees and self-employed individuals that fund major federal social insurance programs such as Social Security and Medicare.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and funding of government social insurance programs, as well as broader economic conditions and workforce participation.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and financial analysts to assess the sustainability of government social insurance programs and the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the data source.
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Citation
U.S. Federal Reserve, Contributions for government social insurance: Employee and self-employed contributions: Federal social insurance funds: Old-age, survivors, disability, and hospital insurance (A1586C1A027NBEA), retrieved from FRED.