Expenditures: Natural Gas by Age: Age 65 or over
CXUNATRLGASLB0407M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
529.00
Year-over-Year Change
23.02%
Date Range
1/1/1988 - 1/1/2023
Summary
This economic trend measures natural gas expenditures by Americans aged 65 and older. It provides insights into energy consumption patterns and can inform policy decisions related to energy costs for retirees.
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 Age: Age 65 or over' series tracks the average monthly natural gas expenditures for U.S. households headed by individuals aged 65 and above. This data helps economists and policymakers understand energy usage and costs for the elderly population.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used to assess the impact of energy prices on the financial well-being of retired Americans.
Key Facts
- Expenditures on natural gas account for a significant portion of the household budgets of Americans aged 65 and older.
- The data shows seasonal fluctuations in natural gas spending, with higher costs during the winter months.
- Tracking this trend helps policymakers understand the financial pressures faced by retired consumers due to energy price changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly natural gas expenditures for U.S. households headed by individuals aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the energy consumption patterns and costs faced by retired Americans, which is valuable information for policymakers and economists.
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 to assess the impact of energy prices on the financial well-being of retired Americans and inform policy decisions related to energy costs for the elderly population.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the underlying Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Natural Gas by Age: Age 65 or over (CXUNATRLGASLB0407M), retrieved from FRED.