Expenditures: Personal Insurance and Pensions: All Consumer Units
CXUINSPENSNLB0101M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,556.00
Year-over-Year Change
76.18%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the average monthly expenditures on personal insurance and pensions for all consumer units in the United States. It provides insights into household saving and investment behaviors.
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: Personal Insurance and Pensions: All Consumer Units metric tracks the average monthly spending on life, health, and other insurance, as well as retirement savings and contributions. This data is a key indicator of financial security and preparedness among American consumers.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is closely monitored by economists, policymakers, and financial analysts to assess the financial health and resilience of American households.
Key Facts
- The average monthly expenditure on personal insurance and pensions was $471 in 2021.
- This category accounts for the third-largest share of household budgets, after housing and transportation.
- Spending on personal insurance and pensions has grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on life, health, and other insurance, as well as retirement savings and contributions for all consumer units in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial security and preparedness of American households, which is of keen interest to economists, policymakers, and financial analysts.
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 metric is closely monitored to assess the financial health and resilience of American households, which informs economic and financial policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Expenditures: Personal Insurance and Pensions: All Consumer Units (CXUINSPENSNLB0101M), retrieved from FRED.