Expenditures: Reading by Age: from Age 25 to 34
CXUREADINGLB0403M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.00
Year-over-Year Change
21.62%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on reading materials by individuals aged 25 to 34 in the United States. It provides valuable insights into the consumer spending behaviors and preferences of this key 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: Reading by Age: from Age 25 to 34' series tracks the monthly average amount spent on reading-related purchases, such as books, newspapers, and magazines, by Americans between the ages of 25 and 34. This data is used by economists and policymakers to analyze consumption patterns and gauge the economic health of this cohort.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by businesses, marketers, and policymakers to understand the evolving reading habits and preferences of young adults, which can inform product development, advertising strategies, and educational initiatives.
Key Facts
- The average monthly reading expenditure for 25-34 year-olds was $28.58 in 2021.
- Spending on reading materials has declined by 23% for this age group since 2000.
- Young adults now spend more on digital content than physical books or magazines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on reading materials, such as books, newspapers, and magazines, by individuals aged 25 to 34 in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the reading habits and consumer preferences of young adults, which is useful for businesses, marketers, and policymakers when making decisions about product development, advertising strategies, and educational initiatives.
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 closely monitored by economists and policymakers to understand the evolving consumption patterns and economic health of young adults, which can inform decisions and initiatives related to education, consumer markets, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with a typical release delay of 2-3 months. There may be limitations in capturing all reading-related expenditures, particularly for digital content.
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Citation
U.S. Federal Reserve, Expenditures: Reading by Age: from Age 25 to 34 (CXUREADINGLB0403M), retrieved from FRED.