Income Before Taxes: Wages and Salaries by Number of Earners: Consumer Units of Two or More People, One Earner
CXU900000LB0705M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73,608.00
Year-over-Year Change
62.40%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the average income before taxes from wages and salaries for consumer units of two or more people with one earner. It provides insight into household-level financial well-being.
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 'Income Before Taxes: Wages and Salaries by Number of Earners' series tracks the average income from wages and salaries, reported before taxes, for consumer units of two or more people. This metric is useful for analyzing trends in household-level financial resources and consumption patterns.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is relevant for policymakers, market analysts, and consumers seeking to understand household-level financial conditions and the broader economic landscape.
Key Facts
- Measures average income from wages and salaries for consumer units with two or more people and one earner.
- Provides insights into household-level financial well-being and consumption patterns.
- Data collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average income before taxes from wages and salaries for consumer units of two or more people with one earner.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for analyzing trends in household-level financial resources and consumption patterns, which is relevant for policymakers, market analysts, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for policymakers, market analysts, and consumers seeking to understand household-level financial conditions and the broader economic landscape.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Income Before Taxes: Wages and Salaries by Number of Earners: Consumer Units of Two or More People, One Earner (CXU900000LB0705M), retrieved from FRED.