Expenditures: Healthcare by Income Before Taxes: $50,000 to $69,999
CXUHEALTHLB0209M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,479.00
Year-over-Year Change
47.21%
Date Range
1/1/1992 - 1/1/2023
Summary
This economic trend measures annual healthcare expenditures for U.S. households with incomes between $50,000 and $69,999 before taxes. It provides insight into healthcare spending patterns for 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: Healthcare by Income Before Taxes: $50,000 to $69,999 trend tracks the average annual amount spent on healthcare by households in this income bracket. This data is useful for analyzing healthcare consumption and costs across different socioeconomic groups.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend informs policymakers and economists about healthcare affordability and utilization for middle-income Americans.
Key Facts
- Healthcare spending for $50,000-$69,999 income households averages $4,600 annually.
- This income group accounts for 16% of total U.S. healthcare expenditures.
- Annual healthcare costs have increased by 24% for this group over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual healthcare expenditures for U.S. households with incomes between $50,000 and $69,999 before taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into healthcare affordability and utilization patterns for middle-income Americans, which is crucial for evaluating healthcare policy and consumer behavior.
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: Policymakers and economists use this trend to assess healthcare access and costs for middle-income households, which informs policy decisions related to healthcare affordability and reform.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture sudden changes in healthcare spending patterns.
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Citation
U.S. Federal Reserve, Expenditures: Healthcare by Income Before Taxes: $50,000 to $69,999 (CXUHEALTHLB0209M), retrieved from FRED.