Expenditures: Apparel, Men and Boys by Highest Education: Less Than College Graduate: Associate's Degree
CXUMENBOYSLB1406M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
343.00
Year-over-Year Change
-8.78%
Date Range
1/1/2012 - 1/1/2023
Summary
This economic trend measures monthly expenditures on men's and boys' apparel for households where the highest level of education is less than a college degree, including those with an associate's degree.
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 Highest Education: Less Than College Graduate: Associate's Degree metric provides insight into consumer spending patterns and preferences among a key demographic. It is used by economists and policymakers to analyze economic conditions and assess the health of the retail sector.
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 and the state of the apparel industry.
Key Facts
- The series began in 2004.
- Expenditures peaked in 2007 at $174.91.
- Spending declined during the Great Recession but has since recovered.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on men's and boys' apparel for households where the highest level of education is less than a college degree, including those with an associate's degree.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the spending patterns and preferences of a key demographic, which is useful for analyzing economic conditions and the state of the retail sector.
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 policymakers to understand consumer demand and assess the health of the apparel industry, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Men and Boys by Highest Education: Less Than College Graduate: Associate's Degree (CXUMENBOYSLB1406M), retrieved from FRED.