Expenditures: Household Operations by Size of Consumer Unit: One Person Consumer Unit
CXUHHOPERLB0502M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,149.00
Year-over-Year Change
66.04%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on operations for one-person consumer units. It provides insights into the spending patterns and priorities of single-person households.
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: Household Operations by Size of Consumer Unit: One Person Consumer Unit series tracks the monthly average spending on household operations, such as utilities, housekeeping supplies, and household services, for single-person households. This data is a key indicator of consumer behavior and economic conditions for individuals living independently.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists and policymakers to understand consumption patterns and the overall health of the consumer sector.
Key Facts
- One-person households account for over 28% of all U.S. consumer units.
- Household operations represent around 20% of total expenditures for single-person households.
- This trend has shown a steady increase in household operations costs over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly average expenditures on household operations, such as utilities, housekeeping supplies, and household services, for one-person consumer units in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the spending patterns and priorities of single-person households, which are an important and growing segment of the consumer market. It helps economists and policymakers understand consumption behavior and the overall health of the consumer sector.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to understand consumer behavior and the overall health of the consumer sector, which is a key driver of economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a lag of several weeks between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Expenditures: Household Operations by Size of Consumer Unit: One Person Consumer Unit (CXUHHOPERLB0502M), retrieved from FRED.