Expenditures: Apparel, Men and Boys by Generation: Birth Year of 1927 or Earlier
CXUMENBOYSLB1606M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
-79.19%
Date Range
1/1/2016 - 1/1/2018
Summary
This economic trend measures expenditures on apparel for men and boys born in 1927 or earlier. It provides insights into the spending patterns of the oldest generation of 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 Generation: Birth Year of 1927 or Earlier trend represents the average household spending on men's and boys' clothing for individuals born in 1927 or before. This data helps economists and policymakers understand the consumption habits of the oldest demographic segment.
Methodology
The data is collected through consumer expenditure surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform retail strategies and economic policies targeting the spending behavior of the oldest consumer cohort.
Key Facts
- The data is measured in inflation-adjusted dollars.
- Spending on men's and boys' apparel by this generation has declined over time.
- This cohort represents a shrinking share of the overall consumer market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average household expenditures on apparel for men and boys born in 1927 or earlier, providing insights into the spending patterns of the oldest consumer generation.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the consumption habits and market dynamics associated with the oldest demographic segment, which can inform retail strategies and economic policies.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used to inform retail strategies and economic policies targeting the spending behavior of the oldest consumer cohort.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the consumer expenditure surveys.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Men and Boys by Generation: Birth Year of 1927 or Earlier (CXUMENBOYSLB1606M), retrieved from FRED.