Expenditures: Pets, Toys, and Playground Equipment by Generation: Birth Year of 1981 or Later
CXUPETSPLAYLB1602M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
659.00
Year-over-Year Change
11.88%
Date Range
1/1/2016 - 1/1/2018
Summary
This economic trend measures consumer expenditures on pets, toys, and playground equipment for individuals born in 1981 or later. It provides insights into the spending patterns and priorities of younger generations.
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 Generation: Birth Year of 1981 or Later' metric tracks monthly consumer spending on these discretionary items for people born in 1981 or after. This data helps economists and policymakers understand the evolving preferences and financial behaviors of younger demographics.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is useful for analyzing consumer demand, retail market dynamics, and generational shifts in spending habits.
Key Facts
- Spending on pets, toys, and playground equipment by younger generations has grown significantly over the past decade.
- Millennials and Gen Z consumers prioritize discretionary spending on experiences and lifestyle products.
- Younger generations are a key driver of the thriving pet care and toy industries in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer expenditures on pets, toys, and playground equipment for individuals born in 1981 or later.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the spending habits and priorities of younger generations, which is valuable for understanding consumer demand and market trends.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted 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 analyze consumer behavior, retail market dynamics, and generational shifts in spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Expenditures: Pets, Toys, and Playground Equipment by Generation: Birth Year of 1981 or Later (CXUPETSPLAYLB1602M), retrieved from FRED.