Expenditures: Apparel, Children Under 2 by Age: from Age 65 to 74
CXUINFANTLB0408M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-64.10%
Date Range
1/1/1984 - 1/1/2021
Summary
This economic trend measures expenditures on apparel for children under 2 years old by households with a reference person aged 65 to 74. It provides insights into the consumption patterns and spending behavior of older adults with young children.
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 65 to 74 trend represents the average monthly expenditures on clothing and accessories for infants and toddlers by U.S. households where the reference person is between 65 and 74 years old. This data helps economists and policymakers understand the spending habits and priorities of older adults with young dependents.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is useful for analyzing consumer demand, household budgets, and the impact of demographics on retail markets.
Key Facts
- Expenditures on children's apparel account for a significant portion of household budgets.
- Older adults often have fixed incomes and may face tradeoffs when caring for young dependents.
- Analyzing this data can inform retail strategies and social policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on clothing and accessories for infants and toddlers by U.S. households where the reference person is between 65 and 74 years old.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the spending behavior and consumption patterns of older adults with young children, which is valuable for understanding household budgets, consumer demand, and the impact of demographics on retail markets.
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 metric can inform policymakers and economists about the financial pressures faced by older adults caring for young dependents, which can inform social policies and programs aimed at supporting these households.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the Consumer Expenditure Survey, which may result in some delays or limitations in its timeliness and accuracy.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Children Under 2 by Age: from Age 65 to 74 (CXUINFANTLB0408M), retrieved from FRED.