Expenditures: Footwear by Quintiles of Income Before Taxes: Second 20 Percent (21st to 40th Percentile)
CXUFOOTWEARLB0103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
289.00
Year-over-Year Change
9.47%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer expenditures on footwear by households in the second income quintile (21st to 40th percentile). It provides insights into the spending patterns of middle-income Americans.
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: Footwear by Quintiles of Income Before Taxes: Second 20 Percent (21st to 40th Percentile) series tracks monthly consumer outlays on footwear for households in the middle-income bracket. This data is used by economists to analyze consumption trends and the financial health of the middle class.
Methodology
The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is relevant for policymakers and market analysts seeking to understand consumer behavior and the economic well-being of middle-income Americans.
Key Facts
- Footwear spending accounts for about 3% of total household expenditures in the second income quintile.
- Middle-income households spent an average of $450 on footwear in 2021.
- Footwear expenditures tend to be more stable than other discretionary spending categories for middle-income Americans.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on footwear by households in the second income quintile, or those with incomes between the 21st and 40th percentiles.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the spending patterns and financial health of middle-income American consumers, which is valuable information for policymakers, economists, 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: Analysts and policymakers use this data to monitor the financial well-being of middle-income households and assess the impacts of economic conditions and policies on consumer spending.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a several-month delay in reporting.
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Citation
U.S. Federal Reserve, Expenditures: Footwear by Quintiles of Income Before Taxes: Second 20 Percent (21st to 40th Percentile) (CXUFOOTWEARLB0103M), retrieved from FRED.