Expenditures: Other Lodging by Deciles of Income Before Taxes: Sixth 10 Percent (51st to 60th Percentile)
CXUOTHLODGELB1507M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
885.00
Year-over-Year Change
133.51%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures expenditures on other lodging by households in the sixth income decile, or those earning between the 51st and 60th percentiles of income before taxes. Understanding these spending patterns provides insight into the economic behavior of 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: Sixth 10 Percent (51st to 60th Percentile)' metric tracks spending on lodging outside of primary residences, such as hotels, motels, and vacation homes, for households in the middle of the income distribution. This data helps economists and policymakers analyze consumption habits and the state of the travel and hospitality industries.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This spending trend offers insights relevant to tourism, real estate, and policies affecting middle-income consumers.
Key Facts
- Measured in millions of dollars.
- Covers the 51st to 60th percentile of household income.
- Data collected through the Consumer Expenditure Survey.
FAQs
Q: What does this economic trend measure?
A: This trend measures expenditures on lodging other than primary residences, such as hotels, motels, and vacation homes, for households in the middle-income group defined as the sixth income decile.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the spending patterns and economic behavior of middle-income American households, which is valuable for economists, policymakers, and businesses in the travel and hospitality industries.
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 offers insights relevant to policies and regulations affecting middle-income consumers, as well as the tourism, real estate, and hospitality sectors.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the underlying Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Other Lodging by Deciles of Income Before Taxes: Sixth 10 Percent (51st to 60th Percentile) (CXUOTHLODGELB1507M), retrieved from FRED.