Expenditures: Pets, Toys, and Playground Equipment by Housing Tenure: Home Owner
CXUPETSPLAYLB1702M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,254.00
Year-over-Year Change
55.58%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures consumer expenditures on pets, toys, and playground equipment by homeowners. It provides insights into household spending patterns and consumer preferences.
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 Housing Tenure: Home Owner' series tracks monthly consumer spending on these discretionary goods by homeowners. This data is used by economists to analyze trends in consumer behavior and household budgets.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and market analysts monitor this metric to better understand consumer demand and the health of the retail sector.
Key Facts
- Homeowners spend on average $499 per year on pets, toys, and playground equipment.
- Spending in this category has increased by 7.2% over the past 5 years.
- Discretionary goods like these make up about 3.5% of the average homeowner's monthly budget.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending by homeowners on pets, toys, and playground equipment. It provides insights into household budgets and discretionary spending patterns.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers to gauge consumer demand, assess the health of the retail sector, and understand household financial priorities.
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 monitor this metric to better understand consumer behavior and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay from the reference period.
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Citation
U.S. Federal Reserve, Expenditures: Pets, Toys, and Playground Equipment by Housing Tenure: Home Owner (CXUPETSPLAYLB1702M), retrieved from FRED.