Federal Government Receipts: Contributions for Social Insurance
FRSI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,878.27
Year-over-Year Change
100.25%
Date Range
1/1/1929 - 1/1/2024
Summary
The Federal Government Receipts: Contributions for Social Insurance trend measures the total amount of mandatory social insurance contributions paid to the federal government. This metric is important for assessing the government's fiscal health and the sustainability of social programs.
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
This series represents the revenues the federal government collects from payroll taxes and other mandatory contributions to social insurance programs like Social Security and Medicare. It is a key component of total federal receipts and provides insight into the government's ability to fund social safety net programs.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and economists monitor this trend to evaluate the government's fiscal position and the financial status of social insurance programs.
Key Facts
- Social insurance contributions account for over a third of total federal receipts.
- The trend has steadily increased over the past two decades as the population has aged.
- Maintaining stable social insurance funding is crucial for the long-term viability of programs like Social Security and Medicare.
FAQs
Q: What does this economic trend measure?
A: The Federal Government Receipts: Contributions for Social Insurance trend measures the total amount of mandatory payroll taxes and other social insurance contributions paid to the federal government.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the government's fiscal health and the sustainability of social safety net programs, as social insurance contributions are a significant source of federal revenue.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to evaluate the government's fiscal position and the financial status of social insurance programs like Social Security and Medicare.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely information on this important economic indicator.
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Citation
U.S. Federal Reserve, Federal Government Receipts: Contributions for Social Insurance (FRSI), retrieved from FRED.