State government saving: Social insurance funds
W760RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.06
Year-over-Year Change
-144.52%
Date Range
1/1/1959 - 1/1/2023
Summary
This metric tracks the net saving or dissaving of U.S. state governments' social insurance funds, which include programs like unemployment insurance and public employee retirement systems. It provides insight into the fiscal position and sustainability of state-level social insurance 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
The state government saving: social insurance funds metric measures the net acquisition of financial assets minus the net incurrence of liabilities by U.S. state governments for their social insurance programs. It is an important indicator of the overall financial health and budgetary pressures facing state-run social insurance systems.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Policymakers and economists monitor this metric to assess the fiscal sustainability of state-level social insurance programs and their potential impact on state budgets.
Key Facts
- Social insurance funds account for a significant portion of state government budgets.
- Positive net saving indicates fiscal sustainability, while dissaving points to budgetary pressures.
- The metric is seasonally adjusted and reported quarterly.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the net saving or dissaving of U.S. state governments' social insurance funds, which include programs like unemployment insurance and public employee retirement systems.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the fiscal position and sustainability of state-level social insurance programs, which are critical to state budgets and the wellbeing of state residents.
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: Policymakers and economists monitor this metric to assess the fiscal sustainability of state-level social insurance programs and their potential impact on state budgets.
Q: Are there update delays or limitations?
A: This metric is reported quarterly with a lag, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, State government saving: Social insurance funds (W760RC1A027NBEA), retrieved from FRED.