Net Change in Total Assets and Liabilities by Region: Residence in the Midwest Census Region
CXUCHGASLILB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,114.00
Year-over-Year Change
-472.41%
Date Range
1/1/1990 - 1/1/2021
Summary
This economic trend measures the net change in total assets and liabilities held by households and nonprofit organizations residing in the Midwest census region of the United States. It provides insight into the financial health and wealth accumulation patterns of Midwest consumers.
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 Net Change in Total Assets and Liabilities by Region: Residence in the Midwest Census Region tracks the monthly change in the aggregate value of all financial and non-financial assets minus liabilities for households and nonprofits located in the 12-state Midwest region. This metric is used by economists to analyze regional differences in consumer balance sheets and personal saving trends.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on household survey responses and other economic indicators.
Historical Context
Policymakers and market analysts monitor this trend to understand regional variations in consumer spending power and economic resilience.
Key Facts
- The Midwest region accounts for over 20% of U.S. household net worth.
- Consumer asset growth has outpaced liabilities in the Midwest since 2015.
- The Midwest saw the largest regional decline in net worth during the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the monthly net change in total assets and liabilities held by households and nonprofit organizations residing in the 12-state Midwest census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into regional differences in consumer balance sheets and personal saving, which is useful for economists and policymakers analyzing economic conditions and financial resilience.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on household survey responses and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to understand regional variations in consumer spending power and economic resilience, which can inform decisions around fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical 2-month lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Net Change in Total Assets and Liabilities by Region: Residence in the Midwest Census Region (CXUCHGASLILB1103M), retrieved from FRED.