Expenditures: Apparel, Children Under 2 by Age: from Age 45 to 54
CXUINFANTLB0405M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
-34.00%
Date Range
1/1/1984 - 1/1/2021
Summary
This economic trend measures consumer expenditures on apparel for children under 2 years old, specifically for individuals aged 45 to 54. It provides insights into the spending habits and priorities of this demographic group.
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: Apparel, Children Under 2 by Age: from Age 45 to 54 trend is a key metric used by economists and policymakers to understand the consumption patterns and purchasing power of middle-aged consumers with young children. It is an important indicator of consumer sentiment and can inform decisions about product development, marketing, and economic policy.
Methodology
The data is collected through consumer surveys and household expenditure reports by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by businesses, analysts, and policymakers to gauge the strength of the consumer market and make informed decisions.
Key Facts
- Apparel spending for children under 2 years old accounts for a significant portion of household budgets.
- Middle-aged consumers (45-54) are a key demographic group for many retail and consumer product industries.
- This trend can signal changes in consumer confidence and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on apparel for children under 2 years old, specifically for individuals aged 45 to 54 years old.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the spending habits and priorities of middle-aged consumers with young children, which is an important indicator of consumer sentiment and can inform business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and household expenditure reports by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by businesses, analysts, and policymakers to gauge the strength of the consumer market and make informed decisions about product development, marketing, and economic policy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be some delays or limitations in the collection and reporting process.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Children Under 2 by Age: from Age 45 to 54 (CXUINFANTLB0405M), retrieved from FRED.