Expenditures: Total Average Annual Expenditures by Deciles of Income Before Taxes: Second 10 Percent (11st to 20th Percentile)
CXUTOTALEXPLB1503M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,602.00
Year-over-Year Change
42.73%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures the average annual expenditures of households in the second income decile, or those earning between the 11th and 20th percentiles. It provides insights into the spending patterns of middle-income American families.
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 Deciles of Income Before Taxes: Second 10 Percent (11st to 20th Percentile) series tracks the average total annual expenditures for households in the middle-income group. This data is used by economists and policymakers to analyze consumer spending behavior and inform economic policies.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding consumer demand, inflation, and the financial well-being of middle-income Americans.
Key Facts
- The average annual expenditures for the second income decile were $47,653 in 2020.
- Housing and transportation account for the largest shares of spending in this income group.
- Expenditures in this group have grown at a slower pace than higher-income households in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual expenditures of households in the second income decile, or those earning between the 11th and 20th percentiles of income before taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the spending patterns of middle-income American families, which is useful for understanding consumer demand, inflation, and the financial well-being of a key segment of the population.
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 relevant for policymakers and economists analyzing consumer spending behavior and informing economic policies that impact middle-income households.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in sample size or survey methodology for this specific income decile.
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Citation
U.S. Federal Reserve, Expenditures: Total Average Annual Expenditures by Deciles of Income Before Taxes: Second 10 Percent (11st to 20th Percentile) (CXUTOTALEXPLB1503M), retrieved from FRED.