Expenditures: Total Average Annual Expenditures: All Consumer Units
CXUTOTALEXPLB0101M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,280.00
Year-over-Year Change
55.48%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the total average annual expenditures for all consumer units in the United States. It provides valuable insights into household spending patterns and consumer behavior.
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: Total Average Annual Expenditures: All Consumer Units trend tracks the average annual spending of U.S. households across various categories, including housing, transportation, food, and healthcare. This data is crucial for understanding consumer demand and its impact on the broader economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and economists closely monitor this trend to assess the health of the consumer sector and make informed decisions.
Key Facts
- The average annual expenditure per consumer unit was $63,036 in 2021.
- Housing is the largest spending category, accounting for over 30% of total expenditures.
- Transportation costs make up the second-largest category, around 16% of total spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total average annual expenditures for all consumer units in the United States, providing insights into household spending patterns.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding consumer demand and its impact on the broader economy, which is crucial for policymakers and economists.
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 closely monitor this trend to assess the health of the consumer sector and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Expenditures: Total Average Annual Expenditures: All Consumer Units (CXUTOTALEXPLB0101M), retrieved from FRED.