Income Before Taxes: Regular Contributions for Support by Composition of Consumer Unit: Married Couple with Children, Oldest Child Under 6
CXUREGCONTLB0605M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
-62.12%
Date Range
1/1/1984 - 1/1/2012
Summary
This economic trend measures the average annual income before taxes and regular contributions for support among married couples with children under age 6. It provides insights into the financial well-being of this specific household composition.
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 Income Before Taxes: Regular Contributions for Support by Composition of Consumer Unit metric tracks the income and support contributions of married couples with young children. This data point is used by economists and policymakers to understand the economic circumstances of families with young dependents.
Methodology
The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend offers valuable context for evaluating the economic conditions faced by families with young children, which is relevant for policy decisions related to taxation, social support, and cost of living.
Key Facts
- Measures average annual income before taxes for married couples with children under 6.
- Provides insights into the financial well-being of families with young dependents.
- Data collected through the Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual income before taxes and regular contributions for support among married couples with children under age 6.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to understand the economic circumstances of families with young dependents, which is relevant for decisions related to taxation, social support, and cost of living.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend offers valuable context for evaluating the economic conditions faced by families with young children, which is relevant for policy decisions related to taxation, social support, and cost of living.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and any limitations of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Income Before Taxes: Regular Contributions for Support by Composition of Consumer Unit: Married Couple with Children, Oldest Child Under 6 (CXUREGCONTLB0605M), retrieved from FRED.