Expenditures: Other Lodging by Deciles of Income Before Taxes: Fifth 10 Percent (41st to 50th Percentile)
CXUOTHLODGELB1506M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
748.00
Year-over-Year Change
96.84%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures household expenditures on other lodging (such as hotels and motels) for the fifth income decile, representing individuals in the 41st to 50th percentile of income before taxes. This metric provides insight into consumer spending patterns among middle-income Americans.
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 Lodging by Deciles of Income Before Taxes: Fifth 10 Percent' data series tracks the average monthly household expenditures on lodging services excluding primary residence for individuals in the middle-income bracket. This statistic is useful for analyzing consumption behavior and assessing the overall health of the travel and hospitality industry.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator is relevant for policymakers, economists, and industry analysts seeking to understand consumer spending trends and their implications for the broader economy.
Key Facts
- The fifth income decile represents households with incomes between the 41st and 50th percentiles.
- Spending on other lodging accounts for a significant portion of total household expenditures.
- Trends in this metric can signal changes in consumer confidence and travel behavior.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly household expenditures on other lodging services, such as hotels and motels, for individuals in the fifth income decile (41st to 50th percentile of income before taxes).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the spending patterns of middle-income consumers, which is important for understanding broader economic conditions and the health of the travel and hospitality industry.
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 economists use this indicator to assess consumer spending trends and their implications for the broader economy, which can inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological constraints of the Consumer Expenditure Survey, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, Expenditures: Other Lodging by Deciles of Income Before Taxes: Fifth 10 Percent (CXUOTHLODGELB1506M), retrieved from FRED.