Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Australia
Billions of US Dollars
QAUPAMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,916.89
Year-over-Year Change
0.64%
Date Range
1/1/1971 - 10/1/2024
Summary
The 'Billions of US Dollars' trend measures the value of US pension assets, providing insight into household wealth and retirement planning.
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 tracks the total assets of private and public pension funds in the United States, including both defined-benefit and defined-contribution plans. It is a key indicator of household savings and long-term investment trends.
Methodology
The data is collected and calculated by the US Federal Reserve based on surveys of pension providers.
Historical Context
Pension asset levels are closely watched by policymakers, economists, and financial analysts for their implications on consumer spending, retirement security, and broader economic stability.
Key Facts
- US pension assets reached a record high of $32.3 trillion in 2021.
- Public pension funds account for over 60% of total US pension assets.
- Pension assets have grown by over 250% since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' series tracks the total assets held by private and public pension funds in the United States.
Q: Why is this trend relevant for users or analysts?
A: Pension asset levels provide insights into household wealth, retirement security, and broader economic trends that are closely watched by policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on surveys of pension providers.
Q: How is this trend used in economic policy?
A: Pension asset levels are monitored by policymakers for their implications on consumer spending, retirement security, and broader economic stability.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical 3-month lag.
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Citation
U.S. Federal Reserve, Billions of US Dollars (QAUPAMUSDA), retrieved from FRED.