Expenditures: Other Household Expenses by Deciles of Income Before Taxes: Eighth 10 Percent (71st to 80th Percentile)
CXUHHOTHXPNLB1509M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,587.00
Year-over-Year Change
68.11%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures other household expenditures, excluding core categories like housing and food, for households in the 71st to 80th percentile of income before taxes. It provides insights into the spending patterns of middle-income U.S. 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: Other Household Expenses by Deciles of Income Before Taxes: Eighth 10 Percent (71st to 80th Percentile) series tracks discretionary spending by middle-income American households. It helps economists and policymakers understand the consumption behavior and financial pressures faced by this key demographic.
Methodology
The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used to inform economic policy and business decisions related to the purchasing power and financial health of middle-income consumers.
Key Facts
- This trend covers households in the 71st to 80th income percentile.
- Other household expenses exclude core categories like housing and food.
- Data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
FAQs
Q: What does this economic trend measure?
A: This trend measures other household expenditures, excluding core categories like housing and food, for households in the 71st to 80th percentile of income before taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the spending patterns and financial health of middle-income American consumers, which is crucial for informing economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This trend is used to understand the purchasing power and financial pressures faced by middle-income consumers, which informs economic policy and business decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the Bureau of Labor Statistics' Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Other Household Expenses by Deciles of Income Before Taxes: Eighth 10 Percent (71st to 80th Percentile) (CXUHHOTHXPNLB1509M), retrieved from FRED.