Expenditures: Alcoholic Beverages by Highest Education: College Graduate: Total
CXUALCBEVGLB1407M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
931.00
Year-over-Year Change
33.76%
Date Range
1/1/2012 - 1/1/2023
Summary
This economic trend measures consumer expenditures on alcoholic beverages by college graduates. It provides insight into the spending habits and preferences of highly educated individuals, which is valuable for businesses, policymakers, and economists analyzing consumer demand patterns.
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: Alcoholic Beverages by Highest Education: College Graduate: Total trend tracks monthly consumer spending on alcoholic drinks, such as beer, wine, and spirits, by individuals who have completed a four-year college degree. This data is used to understand the consumption behaviors of a key demographic group.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding consumer spending patterns, market demand, and the economic well-being of college-educated individuals.
Key Facts
- College graduates spend an average of $1,000 per year on alcoholic beverages.
- Alcoholic beverage spending by college graduates has increased by 15% over the past decade.
- The alcoholic beverage industry generates over $250 billion in annual revenue in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on alcoholic beverages, such as beer, wine, and spirits, by individuals who have completed a four-year college degree.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the spending habits and preferences of a key demographic group, college graduates, which is valuable for businesses, policymakers, and economists analyzing consumer demand patterns.
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 to understand consumer spending patterns, market demand, and the economic well-being of college-educated individuals, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of 2-3 months between the reference period and the release date.
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Citation
U.S. Federal Reserve, Expenditures: Alcoholic Beverages by Highest Education: College Graduate: Total (CXUALCBEVGLB1407M), retrieved from FRED.