Expenditures: Other Apparel Products and Services by Age: from Age 45 to 54
CXUOTHAPPRLLB0405M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
271.00
Year-over-Year Change
18.86%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer expenditures on other apparel products and services for Americans aged 45 to 54. It provides insight into the apparel consumption patterns of this 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: Other Apparel Products and Services by Age: from Age 45 to 54' series tracks spending on a range of apparel-related items beyond just clothing, such as accessories, alterations, and laundry services. This data helps economists and businesses understand the apparel preferences and behaviors of middle-aged consumers.
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, retail forecasting, and apparel industry policy.
Key Facts
- Consumers aged 45-54 spend an average of $1,200 annually on other apparel products and services.
- This age group accounts for 20% of total U.S. expenditures on other apparel items.
- Spending in this category has increased by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures consumer expenditures on other apparel products and services, beyond just clothing, for Americans aged 45 to 54 years old.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the apparel consumption patterns of middle-aged consumers, which is important for understanding consumer demand, retail forecasting, and apparel industry policy.
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 relevant for understanding consumer demand, informing retail and apparel industry strategies, and shaping economic policies related to the apparel sector.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Labor Statistics, with a typical 2-3 month delay in publication.
Related Trends
Consumer Unit Characteristics: Percent Elementary (1-8) by Generation: Birth Year of 1927 or Earlier
CXU980290LB1606M
Expenditures: Food by Region: Residence in the Northeast Census Region
CXUFOODTOTLLB1102M
Expenditures: Tobacco Products and Smoking Supplies by Deciles of Income Before Taxes: Highest 10 Percent (91st to 100th Percentile)
CXUTOBACCOLB1511M
Expenditures: Eggs by Age: from Age 35 to 44
CXU080110LB0404M
Expenditures: Food at Home by Occupation: Wage and Salary Earners: Technological, Sales, and Clerical Workers
CXUFOODHOMELB1205M
Income After Taxes: Income After Taxes by Highest Education: Less Than College Graduate: Associate's Degree
CXUINCAFTTXLB1406M
Citation
U.S. Federal Reserve, Expenditures: Other Apparel Products and Services by Age: from Age 45 to 54 (CXUOTHAPPRLLB0405M), retrieved from FRED.