Nonfinancial Noncorporate Business; Consumer Credit; Asset, Level
CCABSNNB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
10/1/1945 - 1/1/2025
Summary
The 'Nonfinancial Noncorporate Business; Consumer Credit; Asset, Level' metric measures the level of consumer credit assets held by the U.S. nonfinancial noncorporate business sector. This provides insights into consumer lending activities and household financial 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
This economic series tracks the total value of consumer credit assets, such as loans and accounts receivable, held by unincorporated businesses in the U.S. It offers a window into the lending practices and financial position of the noncorporate business sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of the Flow of Funds Accounts.
Historical Context
This metric is used by economists and policymakers to assess trends in consumer credit extension and the financial health of households and small businesses.
Key Facts
- The metric reached a record high of $501 billion in Q4 2021.
- Consumer credit assets have grown by over 50% since the Great Recession.
- Noncorporate businesses account for over 50% of U.S. private sector employment.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total level of consumer credit assets, such as loans and accounts receivable, held by the U.S. nonfinancial noncorporate business sector.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer lending activities and the financial health of households and small businesses, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of the Flow of Funds Accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess trends in consumer credit extension and the financial position of households and small businesses, which informs economic and financial policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical lag of 3 months.
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Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Consumer Credit; Asset, Level (CCABSNNB), retrieved from FRED.