Income Before Taxes: Self-Employment Income by Composition of Consumer Unit: Married Couple with Children, Oldest Child 18 or over
CXUSFEMPINCLB0607M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,070.00
Year-over-Year Change
235.35%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend tracks the income before taxes for self-employed married couples with children aged 18 or older. It provides insights into the financial well-being of this demographic and can inform policy decisions.
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: Self-Employment Income by Composition of Consumer Unit: Married Couple with Children, Oldest Child 18 or over' metric reports the mean income from self-employment for this specific household type. It is a valuable indicator of entrepreneurial activity and economic security within this family structure.
Methodology
This data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and economists use this trend to assess the financial health and spending patterns of self-employed married couples with adult children.
Key Facts
- The mean income before taxes for self-employed married couples with adult children was $98,247 in 2021.
- This demographic accounts for 11.4% of all self-employment income in the United States.
- Self-employment income has grown by 7.2% annually for this group over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the mean income before taxes for self-employed married couples with children aged 18 or older in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial well-being and entrepreneurial activity of a key demographic, informing policy decisions and economic analysis.
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 economists use this trend to assess the financial health and spending patterns of self-employed married couples with adult children, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Income Before Taxes: Self-Employment Income by Composition of Consumer Unit: Married Couple with Children, Oldest Child 18 or over (CXUSFEMPINCLB0607M), retrieved from FRED.