Expenditures: Food Prepared on Out-of-Town Trips by Income Before Taxes: $120,000 to $149,999
CXU190904LB0216M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.00
Year-over-Year Change
-1.09%
Date Range
1/1/2003 - 1/1/2015
Summary
This economic trend measures spending on food prepared on out-of-town trips by U.S. households with incomes between $120,000 and $149,999. It provides insights into travel and consumption patterns of higher-income consumers.
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 Expenditures: Food Prepared on Out-of-Town Trips by Income Before Taxes: $120,000 to $149,999 series tracks monthly consumer expenditures on food consumed away from home during overnight trips. This metric is used by economists to analyze travel and leisure spending behaviors of higher-income households.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator offers market insights for the travel, hospitality, and food service industries.
Key Facts
- Expenditures on food prepared on out-of-town trips account for a significant portion of overall travel spending.
- This metric helps track changing consumption patterns among affluent American households.
- Food-away-from-home spending is an important indicator of economic health and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on food prepared and consumed away from home during overnight out-of-town trips by U.S. households with incomes between $120,000 and $149,999.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the travel and leisure spending behaviors of higher-income American consumers, which is important for industries like hospitality, food service, and tourism.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This indicator offers market insights that can inform decision-making by economists, policymakers, and businesses in the travel, hospitality, and food service sectors.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Food Prepared on Out-of-Town Trips by Income Before Taxes: $120,000 to $149,999 (CXU190904LB0216M), retrieved from FRED.