Expenditures: Household Textiles by Age: Age 75 or over
CXUHHTXTILELB0409M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.00
Year-over-Year Change
69.70%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures household expenditures on textiles for individuals aged 75 and older. It provides insights into the spending patterns and consumption behavior of the older adult population.
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 Textiles by Age: Age 75 or over series tracks the average monthly household expenditures on textile products, such as bedding, towels, and curtains, for individuals aged 75 and above. This data is used by economists and policymakers to analyze the spending habits and consumer preferences of the elderly population.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding the impact of demographic shifts and changing consumer preferences on the textile industry and related markets.
Key Facts
- Expenditures on household textiles account for about 1% of total household spending for the 75+ age group.
- Textile spending tends to decline with age, as older adults prioritize other household expenses.
- The 75+ age group spends more on household textiles compared to younger age groups.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly household expenditures on textile products, such as bedding, towels, and curtains, for individuals aged 75 and older.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the spending patterns and consumer preferences of the elderly population, which is useful for understanding demographic shifts and their impact on various industries and markets.
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: This trend is used by economists and policymakers to analyze the consumption behavior of the older adult population and its implications for the textile industry and related markets.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the data source.
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Citation
U.S. Federal Reserve, Expenditures: Household Textiles by Age: Age 75 or over (CXUHHTXTILELB0409M), retrieved from FRED.