Expenditures: Pets, Toys, and Playground Equipment by Education: Total, Less Than College Graduate
CXUPETSPLAYLB1302M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
589.00
Year-over-Year Change
104.51%
Date Range
1/1/1996 - 1/1/2012
Summary
This economic trend measures consumer spending on pets, toys, and playground equipment by households with less than a college degree. It provides insights into discretionary spending patterns and consumer confidence among lower-income households.
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 Education: Total, Less Than College Graduate' series tracks monthly changes in this category of consumer spending. It is used by economists to analyze the spending behavior and financial well-being of lower-income American households.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is closely watched by policymakers and analysts as an indicator of economic conditions and consumer sentiment.
Key Facts
- This data series has been tracked since 1984.
- Spending on pets, toys, and playground equipment accounts for about 3% of total household expenditures.
- Trends in this metric often correlate with the broader economic cycle.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending on pets, toys, and playground equipment by households with less than a college degree.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the discretionary spending patterns and financial well-being of lower-income American households, which is useful for economists and policymakers.
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: Trends in this metric are closely watched by policymakers and analysts as an indicator of economic conditions and consumer sentiment.
Q: Are there update delays or limitations?
A: This data series has been tracked since 1984 and is updated monthly, with occasional delays due to the survey collection process.
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Citation
U.S. Federal Reserve, Expenditures: Pets, Toys, and Playground Equipment by Education: Total, Less Than College Graduate (CXUPETSPLAYLB1302M), retrieved from FRED.