Expenditures: Telephone Services by Education: Total, College Graduate
CXUPHONELB1307M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,388.00
Year-over-Year Change
27.69%
Date Range
1/1/1995 - 1/1/2012
Summary
This economic trend measures spending on telephone services by college-educated consumers in the United States. It provides insights into the telecommunications consumption patterns of highly educated 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: Telephone Services by Education: Total, College Graduate' series tracks monthly consumer spending on telephone services for individuals with a college degree. This data point is used by economists to analyze telecommunications market demand and household budgeting trends among the highly educated population.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and industry analysts monitor this trend to understand the evolving telecommunications needs and preferences of the college-educated consumer segment.
Key Facts
- This trend has been tracked since January 2004.
- College graduates typically spend more on telephone services than the general population.
- Spending on telephone services is a significant component of the household budgets of highly educated consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly consumer spending on telephone services by individuals who have completed a college degree in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for understanding the telecommunications consumption patterns and budgeting priorities of highly educated households, which is valuable information for policymakers and industry analysts.
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 industry analysts monitor this trend to gauge the evolving telecommunications needs and preferences of the college-educated consumer segment, which can inform regulatory decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and it may not capture all telephone service expenditures due to survey limitations.
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Citation
U.S. Federal Reserve, Expenditures: Telephone Services by Education: Total, College Graduate (CXUPHONELB1307M), retrieved from FRED.