Expenditures: Pets, Toys, and Playground Equipment by Education: Master's, Professional, Doctorate
CXUPETSPLAYLB1309M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
892.00
Year-over-Year Change
78.40%
Date Range
1/1/1996 - 1/1/2012
Summary
This economic trend measures expenditures on pets, toys, and playground equipment by households with a master's, professional, or doctoral degree. It provides insights into consumer behavior and spending patterns among highly educated consumers.
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: Master's, Professional, Doctorate series tracks monthly changes in consumer spending on these categories by households where the reference person has a graduate-level degree. This data is useful for analyzing discretionary spending habits and preferences among the highly educated demographic.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and market analysts use this trend to assess economic conditions and forecast consumer demand.
Key Facts
- This trend tracks monthly spending on pets, toys, and playground equipment.
- Highly educated households account for a significant share of this discretionary spending.
- Fluctuations in this data can signal changes in consumer confidence and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly expenditures on pets, toys, and playground equipment by households where the reference person has a master's, professional, or doctoral degree.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the discretionary spending habits and preferences of highly educated consumers, which is valuable for assessing economic conditions and forecasting consumer demand.
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: Policymakers and market analysts use this trend to evaluate consumer spending patterns and preferences among the highly educated demographic, 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 constraints of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Pets, Toys, and Playground Equipment by Education: Master's, Professional, Doctorate (CXUPETSPLAYLB1309M), retrieved from FRED.