Expenditures: Beef by Occupation: Retired
CXUBEEFLB1209M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
253.00
Year-over-Year Change
24.63%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend tracks expenditures on beef by retired consumers in the United States. It provides insights into the consumption patterns and purchasing power of 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 'Expenditures: Beef by Occupation: Retired' series measures the average monthly spending on beef products by U.S. households where the primary income earner is retired. This data is useful for understanding the dietary preferences and economic behavior of retirees.
Methodology
The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and market analysts monitor this trend to assess the economic well-being and purchasing habits of the retired population.
Key Facts
- Beef is a major component of the diet for many retired Americans.
- Retiree beef expenditures reflect changes in income, prices, and health concerns.
- Tracking this trend helps businesses and policymakers understand the economic behavior of the retired population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on beef products by U.S. households where the primary income earner is retired.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the purchasing power, dietary preferences, and economic well-being of the retired population, which is useful for businesses, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to assess the economic conditions and consumption patterns of retirees, which can inform decisions related to retirement income, healthcare, and other policies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological changes of the Consumer Expenditure Survey, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Expenditures: Beef by Occupation: Retired (CXUBEEFLB1209M), retrieved from FRED.