Number of Business Failures, Manufacturing Companies for United States
Number of Concerns, Monthly, Not Seasonally Adjusted
M0930AUSM474NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
210.00
Year-over-Year Change
6.60%
Date Range
1/1/1894 - 8/1/1938
Summary
The 'Number of Concerns, Monthly, Not Seasonally Adjusted' metric tracks the volume of consumer concerns reported to the U.S. Consumer Financial Protection Bureau (CFPB). This data provides insights into consumer financial health and trends in the banking and credit markets.
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 monthly series, published by the CFPB, measures the total number of consumer complaints received across various financial products and services, including credit cards, mortgages, and student loans. It serves as an important indicator of consumer sentiment and market conditions.
Methodology
The data is collected through the CFPB's consumer complaint database, which allows individuals to submit complaints about financial products and services.
Historical Context
Policymakers and financial analysts monitor this metric to gauge consumer confidence and identify potential issues in the financial sector.
Key Facts
- The CFPB received over 330,000 consumer complaints in 2021.
- Consumer complaints about credit reporting issues have been the most common type since 2019.
- The number of complaints tends to rise during periods of economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of consumer complaints received by the U.S. Consumer Financial Protection Bureau (CFPB) on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The 'Number of Concerns' data provides insights into consumer financial health and helps identify potential issues in the banking and credit markets.
Q: How is this data collected or calculated?
A: The data is collected through the CFPB's consumer complaint database, which allows individuals to submit complaints about financial products and services.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts monitor this metric to gauge consumer confidence and identify potential issues in the financial sector.
Q: Are there update delays or limitations?
A: The CFPB publishes this data on a monthly basis, with a slight delay to allow for complaint processing.
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Citation
U.S. Consumer Financial Protection Bureau, Number of Concerns, Monthly, Not Seasonally Adjusted (M0930AUSM474NNBR), retrieved from FRED.