Government social insurance funds: Current federal receipts
A2046C1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,881.05
Year-over-Year Change
64.64%
Date Range
1/1/1929 - 1/1/2023
Summary
This economic trend measures the current federal receipts of government social insurance funds, which are mandatory contributions paid by employers and employees to programs like Social Security and Medicare.
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 government social insurance funds current federal receipts series tracks the flow of money into federal programs that provide social benefits to the public. This data is used by economists and policymakers to analyze the financing of the social safety net.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is important for understanding federal budget and fiscal policy.
Key Facts
- Contributions to social insurance funds were $1.58 trillion in 2021.
- Social Security and Medicare account for the majority of social insurance funds.
- Social insurance receipts fund important social programs for the elderly, disabled, and low-income populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current federal receipts of government social insurance funds, which are mandatory contributions paid by employers and employees to programs like Social Security and Medicare.
Q: Why is this trend relevant for users or analysts?
A: This data is used by economists and policymakers to analyze the financing of the social safety net and understand federal budget and fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is important for understanding federal budget and fiscal policy, as social insurance fund receipts represent a significant portion of government revenues.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Government social insurance funds: Current federal receipts (A2046C1A027NBEA), retrieved from FRED.