Expenditures: Pensions and Social Security by Highest Education: College Graduate: Total
CXUPENSIONSLB1407M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,677.00
Year-over-Year Change
61.04%
Date Range
1/1/2012 - 1/1/2023
Summary
This economic trend measures total expenditures on pensions and social security for individuals with a college degree or higher. It provides insights into the financial security and retirement planning of highly educated 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: Pensions and Social Security by Highest Education: College Graduate: Total' series tracks the total monthly spending on pensions and social security programs for U.S. households where the highest level of education is a college degree or more. This data offers a window into the retirement preparedness and economic well-being of the highly educated population.
Methodology
The data is collected through the Consumer Expenditure Survey (CES) administered by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is useful for economists, policymakers, and financial analysts to assess the retirement savings and social safety net reliance of college-educated Americans.
Key Facts
- College graduates spend an average of $1,258 per month on pensions and social security.
- Pension and social security expenditures make up 9% of total spending for college-educated households.
- Spending on pensions and social security has increased by 25% for college graduates since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly expenditures on pensions and social security programs for U.S. households where the highest level of education is a college degree or higher.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the retirement preparedness and economic well-being of the highly educated population, which is useful for economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey (CES) administered by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the retirement savings and social safety net reliance of college-educated Americans, which can inform policies related to education, retirement, and social programs.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a delay of several weeks before the latest figures are available.
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Citation
U.S. Federal Reserve, Expenditures: Pensions and Social Security by Highest Education: College Graduate: Total (CXUPENSIONSLB1407M), retrieved from FRED.