Net Change in Total Assets by Race: Black or African American
CXUCHGASSETLB0905M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,124.00
Year-over-Year Change
515.05%
Date Range
1/1/1984 - 1/1/2021
Summary
This economic trend measures the net change in total assets held by Black or African American households in the United States. It provides insights into wealth accumulation and disparities across racial groups.
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 by Race: Black or African American series tracks the month-over-month change in total assets owned by Black or African American households. This metric is used by economists and policymakers to analyze trends in household wealth and financial inclusion.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances.
Historical Context
This trend is relevant for understanding racial wealth gaps and informing policies aimed at promoting economic equity.
Key Facts
- Black households hold significantly less wealth than white households.
- The racial wealth gap has persisted for decades.
- Asset ownership is a key indicator of financial well-being.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net change in total assets held by Black or African American households in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wealth accumulation and disparities across racial groups, which is crucial for understanding and addressing the persistent racial wealth gap.
Q: How is this data collected or calculated?
A: The data is collected through the Federal Reserve's Survey of Consumer Finances.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform policies aimed at promoting economic equity and financial inclusion for Black households.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be a lag in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Net Change in Total Assets by Race: Black or African American (CXUCHGASSETLB0905M), retrieved from FRED.