Expenditures: Education by Race: Black or African American
CXUEDUCATNLB0905M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
740.00
Year-over-Year Change
54.49%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the expenditures on education by Black or African American individuals in the United States. It provides insights into educational investment and attainment 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 Expenditures: Education by Race: Black or African American trend tracks the average monthly educational expenditures of Black or African American households. This data is used to analyze educational access, funding, and disparities within the Black community.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for policymakers, researchers, and advocates focused on educational equity and opportunity.
Key Facts
- Median monthly education expenditure for Black households is $104.
- Spending on education accounts for 2.5% of total Black household expenditures.
- Education is the 4th largest expenditure category for Black households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on education by Black or African American households in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into educational investment and attainment within the Black community, which is crucial for analyzing educational equity and access.
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, researchers, and advocates to understand educational disparities and inform policies aimed at promoting educational equity.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be a lag of several months before the latest figures are released.
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Citation
U.S. Federal Reserve, Expenditures: Education by Race: Black or African American (CXUEDUCATNLB0905M), retrieved from FRED.