Expenditures: Miscellaneous Expenditures by Quintiles of Income Before Taxes: Third 20 Percent (41st to 60th Percentile)
CXUMISCLB0104M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,089.00
Year-over-Year Change
83.64%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures miscellaneous expenditures by households in the third income quintile, representing the 41st to 60th percentiles of income before taxes. It provides insight into the spending patterns of middle-income American families.
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: Miscellaneous Expenditures by Quintiles of Income Before Taxes: Third 20 Percent data series tracks spending on items like personal care, entertainment, and other miscellaneous goods and services by households in the middle-income bracket. This metric offers valuable context for understanding the economic well-being and consumption behaviors of the middle class.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and market analysts use this metric to gauge the financial health and spending habits of middle-income Americans.
Key Facts
- The third income quintile represents households earning between the 41st and 60th percentiles of income before taxes.
- Miscellaneous expenditures account for about 10% of total household spending in the middle-income bracket.
- Spending on personal care, entertainment, and other miscellaneous items can indicate the financial stability of middle-class families.
FAQs
Q: What does this economic trend measure?
A: This trend measures miscellaneous expenditures, such as personal care and entertainment, by households in the middle-income bracket, representing the 41st to 60th percentiles of income before taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the spending patterns and financial well-being of middle-class American families, which is crucial for understanding the broader economic health and consumer behavior.
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: Policymakers and market analysts use this metric to gauge the financial health and spending habits of middle-income Americans, which can inform economic policies and market strategies.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the Consumer Expenditure Survey, which is conducted by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Expenditures: Miscellaneous Expenditures by Quintiles of Income Before Taxes: Third 20 Percent (CXUMISCLB0104M), retrieved from FRED.