Share of Deferred and Unpaid Life Insurance Premiums Held by the Bottom 50% (1st to 50th Wealth Percentiles)
WFRBSB50214 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.60
Year-over-Year Change
-1.15%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the share of deferred and unpaid life insurance premiums held by individuals in the bottom 50% of the wealth distribution. It provides insights into the financial resilience and protection of lower-income households.
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 share of deferred and unpaid life insurance premiums held by the bottom 50% of wealth percentiles is an indicator of the financial health and insurance coverage of lower-income households. It highlights the accessibility and affordability of life insurance products for economically vulnerable populations.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on household wealth and life insurance premium information.
Historical Context
This trend is relevant for policymakers and analysts assessing the equity and inclusiveness of the life insurance market.
Key Facts
- The bottom 50% of wealth percentiles held 7.8% of deferred and unpaid life insurance premiums in 2019.
- Lower-income households often face barriers to accessing and maintaining life insurance coverage.
- Improving life insurance affordability and inclusion can enhance financial security for vulnerable populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of deferred and unpaid life insurance premiums held by individuals in the bottom 50% of the wealth distribution.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial resilience and insurance coverage of lower-income households, which is important for assessing equity and inclusiveness in the life insurance market.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on household wealth and life insurance premium information.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing the accessibility and affordability of life insurance products for economically vulnerable populations.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve, and there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Share of Deferred and Unpaid Life Insurance Premiums Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBSB50214), retrieved from FRED.