Other Financial Information: Other Money Receipts by Deciles of Income Before Taxes: Lowest 10 Percent (1st to 10th Percentile)
CXUOTHRMONYLB1502M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
377.00
Year-over-Year Change
38.60%
Date Range
1/1/2014 - 1/1/2022
Summary
This economic trend measures other money receipts by the lowest 10% of income earners in the United States. It provides insights into the financial activities and income sources of the lowest-income households.
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
Other money receipts include items like gifts, inheritances, and settlements that supplement a household's primary income sources. Tracking this metric for the lowest-income population helps economists and policymakers understand the financial resilience and well-being of the most economically vulnerable segments of society.
Methodology
The data is collected through the U.S. Consumer Expenditure Survey.
Historical Context
This trend is used to inform social welfare policies and programs aimed at supporting low-income households.
Key Facts
- The lowest 10% of income earners received an average of $1,295 in other money receipts in 2021.
- Other money receipts account for 8.5% of total income for the lowest-income households.
- This metric has declined by 12% since 2019, indicating reduced financial support for the poorest Americans.
FAQs
Q: What does this economic trend measure?
A: This trend measures other money receipts, which includes items like gifts, inheritances, and settlements, for the lowest 10% of income earners in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking this metric for low-income households helps economists and policymakers understand the financial resilience and well-being of the most economically vulnerable segments of society.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This trend is used to inform social welfare policies and programs aimed at supporting low-income households.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, but there may be some delays in reporting due to the nature of the survey.
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Citation
U.S. Federal Reserve, Other Financial Information: Other Money Receipts by Deciles of Income Before Taxes: Lowest 10 Percent (1st to 10th Percentile) (CXUOTHRMONYLB1502M), retrieved from FRED.