Expenditures: Apparel, Men and Boys by Generation: Birth Year of 1981 or Later
CXUMENBOYSLB1602M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
470.00
Year-over-Year Change
6.09%
Date Range
1/1/2016 - 1/1/2018
Summary
This economic trend measures the expenditures on apparel for men and boys born in 1981 or later. It provides insights into the spending patterns of younger generations and can inform retail and consumer behavior analysis.
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 Generation: Birth Year of 1981 or Later trend represents the monthly consumer spending on clothing for men and boys within the youngest adult demographic. This data is useful for understanding generational shifts in apparel purchasing and can inform marketing and product development strategies.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, retailers, and economists analyzing consumer behavior and market trends.
Key Facts
- The trend represents spending by individuals born in 1981 or later.
- Data is collected monthly through the Consumer Expenditure Survey.
- Provides insights into generational shifts in apparel purchasing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly consumer expenditures on apparel for men and boys born in 1981 or later, providing insights into the spending patterns of younger generations.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding generational shifts in apparel purchasing, which can inform marketing, product development, and retail strategies for the younger adult demographic.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, retailers, and economists to analyze consumer behavior and market trends related to the apparel industry and younger generations.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Men and Boys by Generation: Birth Year of 1981 or Later (CXUMENBOYSLB1602M), retrieved from FRED.