Expenditures: Personal Insurance and Pensions by Region: Residence in the Northeast Census Region
CXUINSPENSNLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,106.00
Year-over-Year Change
86.31%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures personal expenditures on insurance and pensions by residents of the Northeastern United States. It provides insight into the financial behaviors and economic security of households in this region.
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 by Region: Residence in the Northeast Census Region series tracks monthly consumer spending on life, health, and other insurance products, as well as contributions to retirement plans, among individuals living in the Northeast. This data is used by economists and policymakers to analyze regional differences in household finances and the economic well-being of Northeastern U.S. communities.
Methodology
The data is collected through the U.S. Bureau of Economic Analysis's Consumer Expenditure Survey.
Historical Context
This trend is relevant for assessing the financial security and economic conditions of Northeastern households, which can inform policy decisions and market analyses.
Key Facts
- Expenditures on personal insurance and pensions make up a significant portion of household budgets.
- Trends in this data can indicate changes in the financial security of Northeastern U.S. residents.
- Regional differences in insurance and pension spending reflect variations in cost of living, employment, and other economic factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending on personal insurance products and pension contributions among individuals living in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the financial security and economic well-being of households in the Northeast region, which can inform policy decisions and market analyses.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Economic Analysis's Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: Trends in Northeastern insurance and pension spending can indicate changes in the financial security of households, which is relevant for policymakers and economists analyzing regional economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological constraints of the Consumer Expenditure Survey.
Related Trends
New Privately Owned Housing Starts by Purpose of Construction, Built for Sale Total One-Family Units in the Northeast Census Region
HOUSTPFST1FNEQ
Personal Taxes: State and Local Income Taxes by Region: Residence in the Northeast Census Region
CXUSTATETAXLB1102M
New One Family Houses Sold for the Northeast Census Region
HSN1FNENSA
Housing Inventory Estimate: Vacant Housing Units Held Off the Market and for Occasional Use in the Northeast Census Region
EOCCUSENEQ176N
Unemployed Persons in Northeast Census Region
LASRD910000000000004
Expenditures: Health Insurance by Region: Residence in the Northeast Census Region
CXUHLTHINSRLB1102M
Citation
U.S. Federal Reserve, Expenditures: Personal Insurance and Pensions by Region: Residence in the Northeast Census Region (CXUINSPENSNLB1102M), retrieved from FRED.