Expenditures: Pets, Toys, and Playground Equipment by Hispanic or Latino Origin: Not Hispanic or Latino: White and All Other Races, Not Including Black or African American
CXUPETSPLAYLB1004M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,249.00
Year-over-Year Change
70.16%
Date Range
1/1/2003 - 1/1/2023
Summary
This trend measures consumer expenditures on pets, toys, and playground equipment for non-Hispanic white and other racial groups, excluding Black or African American individuals. It provides insights into household spending patterns for these discretionary consumer goods.
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: Pets, Toys, and Playground Equipment by Hispanic or Latino Origin: Not Hispanic or Latino: White and All Other Races, Not Including Black or African American data series tracks monthly consumer spending in these categories. It is used to analyze consumer behavior and preferences across different demographic groups.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is relevant for businesses, policymakers, and economists studying consumer trends and market segmentation.
Key Facts
- This data series excludes Black or African American households.
- Spending on pets, toys, and playground equipment is considered a discretionary consumer category.
- Trends in this data can indicate changes in household budgets and consumer preferences.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on pets, toys, and playground equipment for non-Hispanic white and other racial groups, excluding Black or African American individuals.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into household spending patterns and consumer preferences for discretionary goods across different demographic groups, which is useful for businesses, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to analyze consumer behavior and market segmentation, which can inform economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the U.S. Bureau of Labor Statistics household surveys.
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Citation
U.S. Federal Reserve, Expenditures: Pets, Toys, and Playground Equipment by Hispanic or Latino Origin: Not Hispanic or Latino: White and All Other Races, Not Including Black or African American (CXUPETSPLAYLB1004M), retrieved from FRED.