Expenditures: Household Textiles by Deciles of Income Before Taxes: Eighth 10 Percent (71st to 80th Percentile)
CXUHHTXTILELB1509M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205.00
Year-over-Year Change
65.32%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures household expenditures on textiles for the eighth income decile, representing individuals between the 71st and 80th percentiles of income before taxes. It provides insights into the spending patterns of middle-to-upper-income 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 Household Textiles expenditure trend is part of the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics. It offers detailed data on the purchasing habits of different income groups, which is valuable for understanding consumer demand and guiding economic and retail policy decisions.
Methodology
The data is collected through household surveys and represents national average expenditures.
Historical Context
Policymakers and market analysts use this metric to gauge the financial health and purchasing power of middle-class consumers.
Key Facts
- The eighth income decile represents households earning between $77,302 and $98,174 per year.
- Textiles account for approximately 1.5% of total household expenditures in this income group.
- Spending on household textiles has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures household expenditures on textiles, such as bedding, towels, and other household fabrics, for individuals in the eighth income decile (71st to 80th percentile of income before taxes).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the spending patterns of middle-to-upper-income consumers, which is valuable for understanding consumer demand, retail trends, and guiding economic policy decisions.
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, which gathers information on household spending habits through detailed surveys.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to gauge the financial health and purchasing power of middle-class consumers, which can inform decisions related to fiscal, monetary, and retail policies.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, as it is collected through household surveys. There may also be limitations in terms of sample size and regional variations in spending patterns.
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Citation
U.S. Federal Reserve, Expenditures: Household Textiles by Deciles of Income Before Taxes: Eighth 10 Percent (71st to 80th Percentile) (CXUHHTXTILELB1509M), retrieved from FRED.