Consumer Unit Characteristics: Age of Reference Person by Number of Earners: Single Consumers, One Earner
CXU980020LB0703M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.00
Year-over-Year Change
2.27%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the average age of reference persons in single-consumer households with one earner. It provides insights into the demographics and employment status of this specific consumer group.
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 Consumer Unit Characteristics data tracks various socioeconomic attributes of U.S. consumer units, which are household-based economic entities. This particular series focuses on the age distribution of reference persons in single-consumer, single-earner households, offering valuable data for market analysis and policy decisions.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for businesses, economists, and policymakers assessing consumer behavior and demographics.
Key Facts
- The average age of reference persons in single-consumer, single-earner households was 52.1 years in 2021.
- Single-consumer, single-earner households comprise a significant segment of the U.S. consumer market.
- The age distribution of this consumer group is an important factor in product development and marketing strategies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average age of reference persons, or household heads, in single-consumer U.S. households with one earner.
Q: Why is this trend relevant for users or analysts?
A: The age distribution of this specific consumer group provides valuable insights for businesses, economists, and policymakers assessing consumer behavior and demographics.
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 trend is used by policymakers and analysts to understand the demographics and employment status of single-consumer households, which informs consumer-focused economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential sampling limitations of the Consumer Expenditure Survey.
Related Trends
Expenditures: Apparel and Services by Income Before Taxes: $120,000 to $149,999
CXUAPPARELLB0216M
Expenditures: Apparel, Men and Boys by Region: Residence in the Midwest Census Region
CXUMENBOYSLB1103M
Expenditures: Medical Services by Race: Black or African American
CXUMEDSERVSLB0905M
Expenditures: Pets, Toys, and Playground Equipment by Type of Area: Urban: Central City
CXUPETSPLAYLB1803M
Expenditures: Total Average Annual Expenditures by Deciles of Income Before Taxes: Fifth 10 Percent (41st to 50th Percentile)
CXUTOTALEXPLB1506M
Income After Taxes: Income After Taxes by Region: Residence in the South Census Region
CXUINCAFTTXLB1104M
Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Age of Reference Person by Number of Earners: Single Consumers, One Earner (CXU980020LB0703M), retrieved from FRED.