Expenditures: Total Average Annual Expenditures by Quintiles of Income Before Taxes: Lowest 20 Percent (1st to 20th Percentile)
CXUTOTALEXPLB0102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,776.00
Year-over-Year Change
53.52%
Date Range
1/1/1984 - 1/1/2023
Summary
This trend measures the total average annual expenditures by the lowest 20 percent of income earners in the United States. It provides insights into the spending patterns and consumption habits of low-income households.
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 by Quintiles of Income Before Taxes: Lowest 20 Percent (1st to 20th Percentile) metric tracks the average annual spending of individuals and families in the bottom income quintile. This data is valuable for economists and policymakers to understand the financial challenges faced by low-income populations.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is used to inform economic policies and social welfare programs aimed at supporting low-income households.
Key Facts
- The lowest 20% of income earners spend an average of $16,753 per year.
- Housing and transportation make up the largest shares of expenditures for low-income households.
- Spending on healthcare and education is relatively low for the lowest income quintile.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total average annual expenditures of households in the lowest 20 percent of income earners in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the spending patterns and financial challenges faced by low-income populations, which is crucial for informing economic policies and social welfare programs.
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 to inform policies and programs aimed at supporting and improving the financial well-being of low-income households.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, Expenditures: Total Average Annual Expenditures by Quintiles of Income Before Taxes: Lowest 20 Percent (1st to 20th Percentile) (CXUTOTALEXPLB0102M), retrieved from FRED.