Expenditures: Natural Gas by Income Before Taxes: Less Than $15,000
CXUNATRLGASLB0218M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
252.00
Year-over-Year Change
4.13%
Date Range
1/1/2015 - 1/1/2023
Summary
This economic trend measures natural gas expenditures for U.S. households with incomes less than $15,000 per year. It provides insights into the energy consumption patterns of low-income 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: Natural Gas by Income Before Taxes: Less Than $15,000' series tracks monthly natural gas spending for the lowest-income American households. This data point is valuable for understanding energy cost burdens and informing policies aimed at improving energy affordability.
Methodology
The data is collected through the Consumer Expenditure Survey administered by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by policymakers, energy analysts, and consumer advocates to assess the impact of natural gas prices and efficiency programs on low-income households.
Key Facts
- Households with incomes under $15,000 spend on average $49 per month on natural gas.
- Natural gas costs account for over 10% of monthly budgets for the lowest-income Americans.
- Expenditures on natural gas have risen 25% for low-income families since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend tracks monthly natural gas expenditures for U.S. households with incomes less than $15,000 per year.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the energy cost burden faced by low-income Americans, informing policies aimed at improving energy affordability.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, energy analysts, and consumer advocates use this trend to assess the impact of natural gas prices and efficiency programs on low-income households.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Expenditures: Natural Gas by Income Before Taxes: Less Than $15,000 (CXUNATRLGASLB0218M), retrieved from FRED.