Income Before Taxes: Self-Employment Income by Age: Under Age 25
CXUSFEMPINCLB0402M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,342.00
Year-over-Year Change
423.94%
Date Range
1/1/1984 - 1/1/2021
Summary
This economic trend tracks self-employment income before taxes for individuals under age 25 in the United States. It provides insights into the financial state and economic activities of younger entrepreneurs and self-employed workers.
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: Self-Employment Income by Age: Under Age 25 series measures the total self-employment income, prior to taxes, for Americans under 25 years old. This data point is a key indicator of entrepreneurial activity, economic opportunity, and financial well-being among younger working populations.
Methodology
The data is collected through household surveys conducted by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this trend to assess the economic vitality and financial stability of younger working demographics.
Key Facts
- Self-employment income for under-25s totaled $47.7 billion in 2021.
- This demographic accounts for 2.7% of total U.S. self-employment income.
- Self-employment income for under-25s has declined by 15% since 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total self-employment income, before taxes, for individuals under the age of 25 in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial state and entrepreneurial activity of younger working populations, which is important for assessing economic opportunity and stability.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the financial well-being and entrepreneurial dynamics of younger demographics, which informs decisions related to employment, taxation, and economic development.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the survey-based methodology can have certain limitations in capturing the full scope of self-employment income for this age group.
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Citation
U.S. Federal Reserve, Income Before Taxes: Self-Employment Income by Age: Under Age 25 (CXUSFEMPINCLB0402M), retrieved from FRED.