Consumer Unit Characteristics: Percent Black or African American by Highest Education: Less Than College Graduate: Associate's Degree
CXU980270LB1406M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
14.29%
Date Range
1/1/2012 - 1/1/2023
Summary
This trend measures the percentage of Black or African American consumer units with an associate's degree or less education. It provides insights into educational attainment and socioeconomic factors within this demographic.
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 series from the U.S. Bureau of Labor Statistics tracks various socioeconomic attributes of American households. This specific metric focuses on the educational profile of Black or African American consumers, a key indicator for analyzing economic and social mobility.
Methodology
The data is collected through the Consumer Expenditure Survey, a comprehensive household interview program.
Historical Context
Policymakers and researchers use this trend to understand educational disparities and design policies to promote equal access to higher education.
Key Facts
- Percentage of Black consumer units with associate's degree or less education.
- Trend provides insights into educational attainment within this demographic.
- Data collected through the Consumer Expenditure Survey
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Black or African American consumer units with an associate's degree or less education.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into educational attainment and socioeconomic factors within the Black or African American demographic, which is crucial for understanding economic and social mobility.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey, a comprehensive household interview program conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this trend to understand educational disparities and design policies to promote equal access to higher education.
Q: Are there update delays or limitations?
A: The Consumer Expenditure Survey data is updated periodically, so there may be some delay in the availability of the most recent information.
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Citation
U.S. Bureau of Labor Statistics, Consumer Unit Characteristics: Percent Black or African American by Highest Education: Less Than College Graduate: Associate's Degree (CXU980270LB1406M), retrieved from FRED.