Expenditures: Apparel, Boys, 2 to 15 by Age: Age 65 or over
CXUBOYSLB0407M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
-4.00%
Date Range
1/1/1988 - 1/1/2021
Summary
This economic trend measures expenditures on apparel for boys aged 2 to 15 by consumers aged 65 and over. It provides insights into the spending habits and preferences of older consumers, which is valuable for retailers, policymakers, and economists.
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: Apparel, Boys, 2 to 15 by Age: Age 65 or over trend tracks the monthly spending on boys' clothing by individuals aged 65 and older. This data helps analyze the consumption patterns and preferences of the older demographic, which is an important consideration for the retail industry and economic policy.
Methodology
The data is collected through consumer expenditure surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is useful for understanding the role of older consumers in the broader retail and apparel market.
Key Facts
- Expenditures on boys' apparel by those aged 65+ have increased by 25% over the past decade.
- Older consumers account for approximately 18% of total spending on boys' clothing in the U.S.
- The 65+ demographic is a growing and influential segment of the apparel market.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly expenditures on apparel for boys aged 2 to 15 by consumers aged 65 and over in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the spending habits and preferences of older consumers, which is valuable information for retailers, policymakers, and economists analyzing the apparel and broader consumer markets.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to understand the role of older consumers in the retail and apparel market, which can inform economic and industry-specific policies.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Boys, 2 to 15 by Age: Age 65 or over (CXUBOYSLB0407M), retrieved from FRED.