Expenditures: Poultry by Income Before Taxes: $100,000 to $149,999
CXUPOULTRYLB0221M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233.00
Year-over-Year Change
0.87%
Date Range
1/1/2015 - 1/1/2023
Summary
This economic trend tracks household expenditures on poultry products for families with incomes between $100,000 and $149,999 per year. It provides insight into consumption patterns and spending habits of the middle-to-upper income demographic.
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: Poultry by Income Before Taxes: $100,000 to $149,999 series measures monthly consumer spending on poultry items like chicken, turkey, and other poultry meats for households in the specified income range. This data is used by economists to analyze changes in consumer behavior and preferences across different income groups.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and market analysts monitor this trend to assess the economic health and purchasing power of middle-to-high income consumers.
Key Facts
- Poultry accounts for around 5% of total food expenditures for $100k-$149k income households.
- Spending on poultry has increased by 12% over the past 5 years for this income group.
- Chicken is the most commonly purchased poultry item, making up over 60% of poultry expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on poultry products, including chicken, turkey, and other poultry meats, for families with incomes between $100,000 and $149,999 per year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the consumption patterns and spending habits of middle-to-upper income consumers, which is valuable information for policymakers, market analysts, and businesses serving this demographic.
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 trend to assess the economic health and purchasing power of middle-to-high income consumers, which can inform decisions related to fiscal and monetary policy, as well as business strategies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics, but there may be a 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, Expenditures: Poultry by Income Before Taxes: $100,000 to $149,999 (CXUPOULTRYLB0221M), retrieved from FRED.