Expenditures: Apparel, Men and Boys by Quintiles of Income Before Taxes: Total Complete Income Reporters
CXUMENBOYSLB01A1M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
385.00
Year-over-Year Change
-14.25%
Date Range
1/1/1984 - 1/1/2003
Summary
This economic trend measures consumer expenditures on men's and boys' apparel across different income quintiles in the United States. It provides valuable insights into spending patterns and consumer behavior.
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, Men and Boys by Quintiles of Income Before Taxes: Total Complete Income Reporters trend tracks household spending on men's and boys' clothing and accessories, broken down by income levels. This data is useful for understanding the relationship between income and consumer demand in the apparel market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is widely used by economists, market analysts, and policymakers to assess consumer spending dynamics and inform economic decision-making.
Key Facts
- The top income quintile spends the most on men's and boys' apparel.
- Spending on men's and boys' apparel increases as household income rises.
- Consumer expenditures on men's and boys' apparel fluctuate with economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on men's and boys' apparel across different income quintiles in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the relationship between household income and consumer demand in the apparel market, which is useful for economic analysis and decision-making.
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 widely used by economists, market analysts, and policymakers to assess consumer spending dynamics and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and any limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Men and Boys by Quintiles of Income Before Taxes: Total Complete Income Reporters (CXUMENBOYSLB01A1M), retrieved from FRED.