Expenditures: Food Away from Home by Number of Earners: Consumer Units of Two or More People, Two Earners
CXUFOODAWAYLB0706M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,261.00
Year-over-Year Change
49.29%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer spending on food away from home for households with two or more people and two earners. It provides insights into household dining habits and spending 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: Food Away from Home by Number of Earners: Consumer Units of Two or More People, Two Earners trend tracks monthly consumer spending on meals and snacks consumed outside the home for households with two or more members and two income earners. This metric is useful for analyzing changes in consumer behavior and preferences.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used by economists and policymakers to monitor consumer spending and understand changes in household budgets.
Key Facts
- This trend has been tracked since 1984.
- Households with two earners spent an average of $3,459 on food away from home in 2021.
- Food away from home spending has increased by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending on meals and snacks consumed outside the home for households with two or more members and two income earners.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into household dining habits and spending patterns, which are useful for understanding changes in consumer behavior and preferences.
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 economists and policymakers to monitor consumer spending and understand changes in household budgets.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical release lag of about two months.
Related Trends
Income Before Taxes: Income Before Taxes by Age: from Age 65 to 74
CXUINCBEFTXLB0408M
Expenditures: Apparel, Men and Boys by Number of Earners: Single Consumers, No Earner
CXUMENBOYSLB0702M
Expenditures: Poultry: All Consumer Units
CXUPOULTRYLB0101M
Expenditures: Transportation by Race: White, Asian, and All Other Races, Not Including Black or African American
CXUTRANSLB0902M
Expenditures: Other Apparel Products and Services by Income Before Taxes: $100,000 and over
CXUOTHAPPRLLB0214M
Expenditures: Food Away from Home by Generation: Birth Year from 1981 to 1996
CXUFOODAWAYLB1608M
Citation
U.S. Federal Reserve, Expenditures: Food Away from Home by Number of Earners: Consumer Units of Two or More People, Two Earners (CXUFOODAWAYLB0706M), retrieved from FRED.