Expenditures: Apparel, Men and Boys by Education: Bachelor's Degree
CXUMENBOYSLB1308M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
560.00
Year-over-Year Change
0.54%
Date Range
1/1/1996 - 1/1/2012
Summary
This economic trend measures monthly expenditures on men's and boys' apparel by households where the primary consumer has a bachelor's degree. It provides insights into the apparel consumption patterns of highly educated consumers.
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 Education: Bachelor's Degree series tracks consumer spending on men's and boys' clothing and accessories by households where the head of household has completed a bachelor's degree. This metric is used by economists and market analysts to understand the purchasing behaviors and preferences of college-educated consumers.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding consumer demand, retail trends, and the broader economic conditions affecting households with college-educated primary consumers.
Key Facts
- Spending on men's and boys' apparel by bachelor's degree households averages $444 per year.
- Apparel expenditures make up about 3.2% of total household spending for those with a bachelor's degree.
- Men's and boys' clothing accounts for 38% of total apparel spending in bachelor's degree households.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on men's and boys' apparel by households where the primary consumer has a bachelor's degree.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the apparel consumption patterns and preferences of college-educated consumers, which is valuable for understanding broader retail and consumer trends.
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 market analysts to understand consumer demand, retail industry dynamics, and broader economic conditions affecting households with college-educated primary consumers.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the Consumer Expenditure Survey, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Men and Boys by Education: Bachelor's Degree (CXUMENBOYSLB1308M), retrieved from FRED.