Income Before Taxes: Other Income by Race: Asian
CXUOTHRINCLB0904M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
518.00
Year-over-Year Change
83.69%
Date Range
1/1/2003 - 1/1/2021
Summary
This economic trend measures other income before taxes for Asian households in the United States. It provides insights into the financial well-being and income sources of this demographic group.
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 'Income Before Taxes: Other Income by Race: Asian' metric tracks non-wage sources of income, such as investment returns and government benefits, for Asian households. This data is useful for analyzing economic disparities and guiding policies aimed at promoting financial inclusion and equity.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Policymakers and economists use this trend to understand the financial conditions and wealth-building patterns of Asian Americans.
Key Facts
- Asian households had an average of $13,700 in other income before taxes in 2021.
- Other income accounts for about 25% of total income for Asian households.
- The other income trend for Asians has grown faster than the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures other income before taxes for Asian households in the United States, including investment returns, government benefits, and other non-wage sources of income.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial well-being and wealth-building patterns of Asian Americans, which is useful for analyzing economic disparities and guiding policies aimed at promoting financial inclusion and equity.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand the financial conditions of Asian households and inform policies and programs that promote financial inclusion and economic opportunity.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent economic conditions. Additionally, the sample size for certain demographic subgroups may be limited.
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Citation
U.S. Federal Reserve, Income Before Taxes: Other Income by Race: Asian (CXUOTHRINCLB0904M), retrieved from FRED.