Expenditures: Apparel, Children Under 2 by Deciles of Income Before Taxes: Sixth 10 Percent (51st to 60th Percentile)
CXUINFANTLB1507M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.00
Year-over-Year Change
-40.51%
Date Range
1/1/2014 - 1/1/2021
Summary
This economic trend measures the expenditures on apparel for children under 2 years old by households in the sixth income decile (51st to 60th percentile) in the United States. It provides insights into the spending patterns of middle-income families.
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 Deciles of Income Before Taxes: Sixth 10 Percent (51st to 60th Percentile) trend tracks the average monthly spending on children's clothing for households in the middle-income range. This data helps economists and policymakers understand the budgeting priorities of middle-class families.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is useful for analyzing consumer demand, retail trends, and the overall economic well-being of middle-income households.
Key Facts
- The sixth income decile represents households earning between the 51st and 60th percentiles of pre-tax income.
- Average monthly spending on children's apparel for this income group was $46.17 as of the latest data.
- Apparel expenditures for young children make up a significant portion of middle-class household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on apparel for children under 2 years old by households in the sixth income decile, or the 51st to 60th percentile of pre-tax income in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the spending patterns and priorities of middle-income families, which is valuable information for economists, policymakers, and businesses analyzing consumer demand and the overall economic well-being of this demographic.
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 assess the financial health and consumer spending patterns of middle-income households, which can inform decisions related to economic policy, taxation, and social programs.
Q: Are there update delays or limitations?
A: The data is published with a delay, and the most recent figures may not reflect the current economic conditions. Additionally, the survey sample may not fully capture the diversity of middle-income households.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Children Under 2 by Deciles of Income Before Taxes: Sixth 10 Percent (51st to 60th Percentile) (CXUINFANTLB1507M), retrieved from FRED.