Income Before Taxes: Other Income by Region: Residence in the Northeast Census Region
CXUOTHRINCLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
255.00
Year-over-Year Change
-44.92%
Date Range
1/1/1984 - 1/1/2021
Summary
This economic trend measures other income, excluding wages and salaries, for residents of the Northeast Census Region. It provides insights into the non-wage components of household incomes in this geographic area.
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 'Income Before Taxes: Other Income by Region' series tracks sources of household income beyond employment earnings, such as investment returns, government transfers, and business profits. This data is useful for analyzing regional differences in the composition of personal incomes.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This metric informs economic policymakers and market analysts about household financial health and consumer spending patterns in the Northeast region.
Key Facts
- Other income accounts for over 20% of total household income in the Northeast.
- Other income has grown faster than wages in the Northeast over the past decade.
- Investment earnings make up the largest share of other income for Northeasterners.
FAQs
Q: What does this economic trend measure?
A: This trend measures household income sources other than wages and salaries, such as investment returns, government transfers, and business profits, for residents of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the non-wage components of household incomes in the Northeast, which is useful for analyzing regional differences in the composition of personal incomes and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: This metric informs economic policymakers and market analysts about household financial health and consumer spending patterns in the Northeast region.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Expenditures: Utilities, Fuels, and Public Services by Region: Residence in the Northeast Census Region
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Citation
U.S. Federal Reserve, Income Before Taxes: Other Income by Region: Residence in the Northeast Census Region (CXUOTHRINCLB1102M), retrieved from FRED.