Expenditures: Other Meats by Composition of Consumer Unit: Married Couple with Children, Oldest Child 6 to 17
CXUOTHRMEATLB0606M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
247.00
Year-over-Year Change
10.76%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on other meats (excluding beef, pork, and poultry) by married couple consumer units with children whose oldest child is between 6 and 17 years old. It provides insights into the consumption patterns and budgeting priorities of this 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 Meats by Composition of Consumer Unit: Married Couple with Children, Oldest Child 6 to 17' trend represents the average monthly spending on meat products other than beef, pork, and poultry by a specific household type. This data is useful for analyzing the dietary preferences and food budgets of families with school-age children.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is relevant for understanding consumer behavior, market trends, and the economic factors influencing household spending patterns.
Key Facts
- This trend represents the average monthly spending on other meats by married couples with children.
- The oldest child in these households is between 6 and 17 years old.
- Other meats include items like lamb, veal, and game, but exclude beef, pork, and poultry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on meat products other than beef, pork, and poultry for married couple consumer units with children whose oldest child is between 6 and 17 years old.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the consumption patterns and budgeting priorities of families with school-age children, which is useful for understanding consumer behavior, market trends, and the economic factors influencing household spending.
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 policymakers, economists, and market analysts to understand consumer spending habits and the economic factors influencing household budgets.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Expenditures: Other Meats by Composition of Consumer Unit: Married Couple with Children, Oldest Child 6 to 17 (CXUOTHRMEATLB0606M), retrieved from FRED.