Expenditures: Food Away from Home by Education: Bachelor's Degree
CXUFOODAWAYLB1308M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,593.00
Year-over-Year Change
21.10%
Date Range
1/1/1996 - 1/1/2012
Summary
This economic trend tracks expenditures on food consumed away from home by individuals with a bachelor's degree. It provides insights into consumption patterns and lifestyle behaviors of college-educated consumers.
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 Education: Bachelor's Degree metric measures monthly spending on meals and snacks purchased outside the home by U.S. households where the reference person holds a bachelor's degree. This data point is used by economists to analyze consumption trends and shifts in consumer behavior among the college-educated demographic.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator offers valuable insights for policymakers, marketers, and businesses seeking to understand the spending habits and preferences of the college-educated consumer segment.
Key Facts
- Food away from home accounts for over 40% of total food expenditures for bachelor's degree holders.
- Spending on food away from home has risen by 25% for bachelor's degree holders over the past decade.
- College-educated consumers spend 35% more on food away from home compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly expenditures on food consumed outside the home by U.S. households where the reference person holds a bachelor's degree.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the spending behaviors and consumption patterns of college-educated consumers, which is useful for policymakers, marketers, and businesses.
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 indicator offers insights that can inform policies and business strategies targeting the college-educated consumer segment.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Food Away from Home by Education: Bachelor's Degree (CXUFOODAWAYLB1308M), retrieved from FRED.