Expenditures: Healthcare by Income Before Taxes: $150,000 and over
CXUHEALTHLB0217M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,765.00
Year-over-Year Change
74.61%
Date Range
1/1/2003 - 1/1/2015
Summary
This economic trend measures healthcare expenditures by U.S. households with an annual income of $150,000 or more before taxes. It provides insight into the spending patterns and healthcare consumption of high-income individuals.
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: $150,000 and over series is part of the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics. It tracks monthly changes in the average amount spent on healthcare by the highest-income U.S. households.
Methodology
The data is collected through household surveys and calculated as the mean monthly healthcare expenditure for the specified income group.
Historical Context
This trend is useful for economists and policymakers to understand the healthcare consumption habits of affluent Americans and how they may differ from lower-income groups.
Key Facts
- Healthcare spending accounts for the largest share of total expenditures among high-income U.S. households.
- Average monthly healthcare costs for households earning $150,000+ are over 2.5 times higher than the national average.
- Healthcare spending by high-income households has grown faster than overall consumer expenditures in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly healthcare expenditures of U.S. households with an annual income of $150,000 or more before taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the healthcare consumption patterns of high-income Americans, which is useful for economists, policymakers, and market analysts to understand inequality and spending trends.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey and calculated as the mean monthly healthcare expenditure for households in the $150,000+ income group.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze how healthcare costs and utilization vary across income groups, which can inform policies related to healthcare access, affordability, and insurance coverage.
Q: Are there update delays or limitations?
A: The data is subject to a 2-3 month publication delay, and it may not fully capture all healthcare expenditures, such as those covered by employer-sponsored insurance.
Related Trends
Income Before Taxes: Wages and Salaries by Number of Earners: Consumer Units of Two or More People, One Earner
CXU900000LB0705M
Expenditures: Food Away from Home by Education: Bachelor's Degree
CXUFOODAWAYLB1308M
Expenditures: Entertainment: Fees and Admissions by Occupation: Wage and Salary Earners: Construction Workers and Mechanics
CXUFEESADMLB1207M
Expenditures: Toys, Hobbies, and Playground Equipment by Occupation: Wage and Salary Earners: Technological, Sales, and Clerical Workers
CXUTOYSLB1205M
Consumer Unit Characteristics: Number of Earners by Deciles of Income Before Taxes: Lowest 10 Percent (1st to 10th Percentile)
CXU980030LB1502M
Expenditures: Apparel, Boys, 2 to 15 by Occupation: Wage and Salary Earners: Operators, Fabricators and Laborers
CXUBOYSLB1208M
Citation
U.S. Federal Reserve, Expenditures: Healthcare by Income Before Taxes: $150,000 and over (CXUHEALTHLB0217M), retrieved from FRED.