Real Government Consumption Expenditures and Gross Investment: Government: Income security
W605RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-101.47%
Date Range
1/1/1960 - 1/1/2023
Summary
The 'Real Government Consumption Expenditures and Gross Investment: Government: Income security' series measures the inflation-adjusted value of U.S. government spending on income security programs such as welfare, unemployment benefits, and Social Security.
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 economic indicator provides insight into the government's role in supporting household incomes and social safety net programs. It is a key component of overall government expenditures and a metric used to analyze fiscal policy and the size of the public sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is closely watched by policymakers, economists, and market analysts to assess the government's role in the economy.
Key Facts
- Accounts for about 25% of total government expenditures.
- Has grown faster than overall government spending since the 2008 recession.
- Includes programs like Social Security, Medicare, Medicaid, and unemployment insurance.
FAQs
Q: What does this economic trend measure?
A: This series measures the inflation-adjusted value of U.S. government spending on income security programs such as welfare, unemployment benefits, and Social Security.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the government's role in supporting household incomes and social safety net programs, which is a key component of fiscal policy and the size of the public sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, economists, and market analysts to assess the government's role in the economy and the effectiveness of social programs.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: Government: Income security (W605RL1A225NBEA), retrieved from FRED.