Expenditures: Total Average Annual Expenditures by Generation: Birth Year from 1946 to 1964
CXUTOTALEXPLB1604M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,207.00
Year-over-Year Change
14.71%
Date Range
1/1/2016 - 1/1/2023
Summary
This economic trend measures the total average annual expenditures by generation, focusing on those born between 1946 and 1964. It provides valuable insights into the spending patterns and financial behaviors of the 'Baby Boomer' demographic.
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 Generation: Birth Year from 1946 to 1964' metric tracks the average annual spending of individuals born during the post-World War II Baby Boom era. This data is used by economists and policymakers to analyze consumption trends, understand generational differences, and inform decision-making.
Methodology
The data is collected through the Consumer Expenditure Survey (CES) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used to inform economic and consumer behavior policies, as well as investment and marketing strategies targeting the Baby Boomer demographic.
Key Facts
- The Baby Boomer generation accounts for approximately 20% of the U.S. population.
- Baby Boomers are a key driver of the U.S. economy, responsible for over 50% of consumer spending.
- Average annual expenditures for Baby Boomers are typically higher than other generations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total average annual expenditures of individuals born between 1946 and 1964, commonly referred to as the 'Baby Boomer' generation.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the spending patterns and financial behaviors of the influential Baby Boomer demographic, which is a key driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey (CES) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used to inform economic and consumer behavior policies, as well as investment and marketing strategies targeting the Baby Boomer demographic.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a delay in availability compared to the reference period.
Related Trends
Consumer Unit Characteristics: Percent White, Asian, and All Other Races, Not Including African American by Size of Consumer Unit: Two or More People in Consumer Unit
CXUWHTNDOTHLB0503M
Expenditures: Apparel, Boys, 2 to 15 by Number of Earners: Consumer Units of Two or More People, Three or More Earners
CXUBOYSLB0707M
Expenditures: Toys, Hobbies, and Playground Equipment by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile)
CXUTOYSLB0106M
Income Before Taxes: Public Assistance, Supplemental Security Income, SNAP by Race: White and All Other Races, Not Including Black or African American
CXUWELFARELB0903M
Expenditures: Tobacco Products and Smoking Supplies by Quintiles of Income Before Taxes: Fourth 20 Percent (61st to 80th Percentile)
CXUTOBACCOLB0105M
Expenditures: Household Furnishings and Equipment: All Consumer Units
CXUHHFURNSHLB0101M
Citation
U.S. Federal Reserve, Expenditures: Total Average Annual Expenditures by Generation: Birth Year from 1946 to 1964 (CXUTOTALEXPLB1604M), retrieved from FRED.