Expenditures: Life and Other Personal Insurance by Region: Residence in the Midwest Census Region
CXULIFEINSRLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
496.00
Year-over-Year Change
67.57%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures personal insurance expenditures by residents of the Midwest Census Region, providing insights into consumer behavior and financial well-being in that area.
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: Life and Other Personal Insurance by Region: Residence in the Midwest Census Region data series tracks the monthly spending on life and other personal insurance products by households located in the Midwest region of the United States. This metric is useful for analyzing regional variations in insurance purchasing patterns and consumer financial trends.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, economists, and financial analysts assessing regional economic conditions and consumer financial health.
Key Facts
- The Midwest Census Region includes 12 states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
- Personal insurance expenditures include spending on life, health, and other insurance products by households.
- This data series is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly personal insurance expenditures by households located in the Midwest Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer behavior and financial well-being in the Midwest, which is useful for policymakers, economists, and financial analysts assessing regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing regional economic conditions and consumer financial health in the Midwest.
Q: Are there update delays or limitations?
A: This data series is released monthly by the U.S. Bureau of Labor Statistics, with potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Expenditures: Life and Other Personal Insurance by Region: Residence in the Midwest Census Region (CXULIFEINSRLB1103M), retrieved from FRED.