Expenditures: Healthcare by Age: Under Age 25
CXUHEALTHLB0402M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,723.00
Year-over-Year Change
104.88%
Date Range
1/1/1984 - 1/1/2023
Summary
The 'Expenditures: Healthcare by Age: Under Age 25' trend measures healthcare spending by individuals under 25 years old in the United States. This metric is crucial for understanding patterns and drivers of healthcare utilization among young populations.
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
This economic indicator tracks total healthcare expenditures, including out-of-pocket costs and payments by insurance, for Americans under the age of 25. Analyzing this data provides insights into healthcare access, affordability, and utilization among young people, which is vital for policymakers and healthcare providers.
Methodology
The data is collected through household surveys by the U.S. Census Bureau.
Historical Context
This metric is used to inform healthcare and social policies targeting young populations.
Key Facts
- Individuals under 25 account for over 13% of total U.S. healthcare spending.
- Healthcare costs for young Americans have risen by 25% in the past decade.
- Preventive care and mental health services are the fastest-growing components of healthcare spending for under-25s.
FAQs
Q: What does this economic trend measure?
A: This trend measures total healthcare expenditures, including out-of-pocket costs and insurance payments, for individuals under the age of 25 in the United States.
Q: Why is this trend relevant for users or analysts?
A: Analyzing healthcare spending patterns among young populations provides crucial insights for policymakers, healthcare providers, and researchers to understand access, affordability, and utilization of medical services.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric informs healthcare and social policies targeting young Americans, such as insurance coverage, preventive care initiatives, and mental health services.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture the most recent spending patterns.
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Citation
U.S. Federal Reserve, Expenditures: Healthcare by Age: Under Age 25 (CXUHEALTHLB0402M), retrieved from FRED.