Expenditures: Apparel, Men and Boys by Housing Tenure: Homeowner without Mortgage
CXUMENBOYSLB1704M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
412.00
Year-over-Year Change
19.42%
Date Range
1/1/2003 - 1/1/2023
Summary
This economic trend measures expenditures on apparel for men and boys by homeowners without a mortgage. It provides insights into consumer spending patterns among a key demographic.
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 Housing Tenure: Homeowner without Mortgage trend tracks the average monthly spending on men's and boys' clothing by homeowners who have fully paid off their mortgages. This data point is used by economists to analyze consumption behavior and household financial situations.
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, forecasting retail sales, and informing economic policy decisions.
Key Facts
- Measured in average monthly dollars spent per household.
- Provides insights into consumption patterns of debt-free homeowners.
- Can indicate economic confidence and disposable income levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on apparel for men and boys by homeowners who have fully paid off their mortgages.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for understanding consumer spending behavior, particularly among a financially secure demographic, which can inform economic forecasting and policy decisions.
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, policymakers, and market analysts to assess consumer demand, household financial conditions, and overall economic confidence.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a lag of several weeks between the reference period and the release date.
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Citation
U.S. Federal Reserve, Expenditures: Apparel, Men and Boys by Housing Tenure: Homeowner without Mortgage (CXUMENBOYSLB1704M), retrieved from FRED.