Expenditures: Fruits and Vegetables by Highest Education: College Graduate: Bachelor's Degree
CXUFRUITVEGLB1408M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,114.00
Year-over-Year Change
31.37%
Date Range
1/1/2012 - 1/1/2023
Summary
This economic trend measures spending on fruits and vegetables by U.S. households with a college graduate as the primary earner. It provides insights into the consumption patterns of highly 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: Fruits and Vegetables by Highest Education: College Graduate: Bachelor's Degree series tracks monthly consumer spending on fresh and processed fruits and vegetables for households where the primary earner has a bachelor's degree or higher. This metric offers economists and policymakers a window into the purchasing behaviors of college-educated consumers.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This spending trend can inform analyses of consumer demand, retail pricing, and the impacts of economic and policy changes on high-income households.
Key Facts
- Spending on fruits and vegetables accounts for approximately 5% of total household expenditures among college graduates.
- Fruit and vegetable spending has grown by over 20% in real terms over the past decade for college-educated consumers.
- Households with a college-educated primary earner spend nearly 50% more on fruits and vegetables compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending on fresh and processed fruits and vegetables for U.S. households where the primary earner has a bachelor's degree or higher.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the purchasing behaviors and consumption patterns of college-educated consumers, which can inform analyses of demand, pricing, and the impacts of economic changes on high-income households.
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 spending trend can be used by economists, policymakers, and market analysts to understand consumer demand, retail pricing, and the impacts of economic and policy changes on high-income households.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a lag of several weeks between the reference period and the public release.
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Citation
U.S. Federal Reserve, Expenditures: Fruits and Vegetables by Highest Education: College Graduate: Bachelor's Degree (CXUFRUITVEGLB1408M), retrieved from FRED.