SNAP Benefits Recipients in Wisconsin
Monthly
BRWI55M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
704,941.00
Year-over-Year Change
1.97%
Date Range
1/1/1981 - 6/1/2023
Summary
The Monthly trend measures the total value of monthly personal bankruptcy filings in the United States. It provides insights into consumer financial health and economic conditions.
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 Monthly trend tracks the number of personal bankruptcy filings across the U.S. on a monthly basis. This metric is closely watched by economists and policymakers as an indicator of consumer financial distress and broader economic trends.
Methodology
The data is collected from administrative records of the U.S. federal courts.
Historical Context
Bankruptcy trends inform decisions by governments, lenders, and consumers.
Key Facts
- Bankruptcy filings peaked during the Great Recession.
- Consumer bankruptcies are trending down from historic highs.
- Bankruptcy can significantly impact credit scores and access to credit.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the total number of personal bankruptcy filings across the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Bankruptcy filings provide insights into consumer financial health and broader economic conditions, making this metric relevant for policymakers, lenders, and consumers.
Q: How is this data collected or calculated?
A: The data is collected from administrative records of the U.S. federal court system.
Q: How is this trend used in economic policy?
A: Bankruptcy trends inform decisions by governments, lenders, and consumers regarding economic conditions, consumer credit, and financial regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into consumer financial distress.
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Citation
U.S. Federal Reserve, Monthly (BRWI55M647NCEN), retrieved from FRED.