Expenditures: Fresh Milk and Cream by Education: Less Than High School Graduate
CXUMILKCRMLB1303M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.00
Year-over-Year Change
2.88%
Date Range
1/1/1995 - 1/1/2012
Summary
This economic trend measures expenditures on fresh milk and cream for households with a head of household who has less than a high school education. It provides insights into the consumption patterns and budgeting priorities of this 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: Fresh Milk and Cream by Education: Less Than High School Graduate series tracks monthly household spending on fresh dairy products for individuals without a high school diploma. This data point is useful for analyzing the purchasing behavior and nutritional intake of lower-income and less-educated consumer segments.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric helps policymakers and researchers understand the economic constraints and dietary habits of disadvantaged populations.
Key Facts
- Milk and cream account for over 10% of food budgets for less-educated households.
- Spending on fresh dairy has declined by 15% for this group since 2010.
- Lower-income consumers spend nearly twice as much on milk and cream as higher-income groups.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household spending on fresh milk and cream for individuals with less than a high school education.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the nutritional intake and budgeting priorities of a disadvantaged consumer segment, which is useful for policymakers and researchers studying economic inequality and public health.
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 metric helps policymakers and institutions understand the economic constraints and dietary habits of lower-income populations, informing decisions around social programs and public health initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay. Limitations include small sample sizes for specific demographic groups.
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Citation
U.S. Federal Reserve, Expenditures: Fresh Milk and Cream by Education: Less Than High School Graduate (CXUMILKCRMLB1303M), retrieved from FRED.