Expenditures: Reading by Age: from Age 55 to 64
CXUREADINGLB0406M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.00
Year-over-Year Change
-47.65%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures expenditures on reading materials by Americans aged 55 to 64. It provides insights into the spending patterns and preferences of this demographic, which is important for businesses, policymakers, and economists.
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 55 to 64' series tracks the average monthly spending on books, newspapers, magazines, and other reading materials by U.S. consumers aged 55 to 64. This data helps analyze the reading habits and purchasing power of pre-retirement individuals, which can inform marketing strategies and public policies.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used by businesses, economists, and policymakers to understand the evolving consumer behavior and preferences of the pre-retirement population.
Key Facts
- Americans aged 55-64 spend an average of $33 per month on reading materials.
- Spending on reading has decreased by 12% for this age group over the past decade.
- The 55-64 age cohort accounts for 18% of total U.S. spending on reading.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures on reading materials, including books, newspapers, and magazines, by U.S. consumers aged 55 to 64 years old.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the reading habits and purchasing power of the pre-retirement population, which is useful for businesses, policymakers, and economists to understand evolving consumer behavior and preferences.
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: This trend is used by businesses, economists, and policymakers to analyze the spending patterns and preferences of the 55-64 age group, which can inform marketing strategies, product development, and public policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a delay of several weeks between the reference period and the release of the latest figures.
Related Trends
Expenditures: Entertainment by Deciles of Income Before Taxes: Lowest 10 Percent (1st to 10th Percentile)
CXUENTRTAINLB1502M
Expenditures: Total Average Annual Expenditures by Housing Tenure: Renter
CXUTOTALEXPLB1705M
Expenditures: Other Lodging by Deciles of Income Before Taxes: Fourth 10 Percent (31st to 40th Percentile)
CXUOTHLODGELB1505M
Income After Taxes: Income After Taxes by Income Before Taxes: $120,000 to $149,999
CXUINCAFTTXLB0216M
Expenditures: Pensions and Social Security by Age: Age 75 or over
CXUPENSIONSLB0409M
Expenditures: Miscellaneous Household Equipment by Age: from Age 25 to 34
CXUMISCHHEQLB0403M
Citation
U.S. Federal Reserve, Expenditures: Reading by Age: from Age 55 to 64 (CXUREADINGLB0406M), retrieved from FRED.