Real Government Consumption Expenditures and Gross Investment: Federal: Income security
W640RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.20
Year-over-Year Change
-56.03%
Date Range
1/1/1960 - 1/1/2023
Summary
The 'Real Government Consumption Expenditures and Gross Investment: Federal: Income security' trend measures government spending on programs related to income support and security, adjusted for inflation.
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 tracks the real, inflation-adjusted value of federal government consumption and investment in programs such as unemployment insurance, welfare, and Social Security. It is a key metric for understanding the government's role in providing a social safety net and stabilizing household incomes.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists analyze this trend to gauge the government's fiscal policy stance and its impact on the broader economy.
Key Facts
- The trend has increased from $2.24 trillion in 2000 to $3.24 trillion in 2022.
- Real federal income security spending accounts for around 7% of total government consumption and investment.
- Spending on this category rose sharply during the Great Recession and COVID-19 pandemic to support households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value of federal government consumption and investment in programs related to income support and security, such as unemployment insurance, welfare, and Social Security.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the government's role in providing a social safety net and stabilizing household incomes, as well as analyzing the broader fiscal policy stance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to gauge the government's fiscal policy stance and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: Federal: Income security (W640RL1A225NBEA), retrieved from FRED.