Expenditures: Transportation by Race: White, Asian, and All Other Races, Not Including Black or African American
CXUTRANSLB0902M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,542.00
Year-over-Year Change
57.05%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures spending on transportation by race, providing insights into consumption patterns and economic well-being across different demographic groups.
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: Transportation by Race data series tracks monthly household spending on transportation, broken down by White, Asian, and all other races excluding Black or African American. This data is valuable for understanding disparities in economic resources and consumer behavior.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Policymakers and analysts use this trend to assess equity in economic outcomes and guide policy decisions.
Key Facts
- Spending on transportation accounts for a significant portion of household budgets.
- Racial disparities in transportation spending can reflect broader economic inequalities.
- Understanding these trends is crucial for designing policies to promote inclusive economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household spending on transportation, broken down by race, including White, Asian, and all other races excluding Black or African American.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumption patterns and economic well-being across different demographic groups, which is crucial for understanding and addressing racial disparities in economic outcomes.
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 analysts use this trend to assess equity in economic outcomes and guide policy decisions aimed at promoting inclusive economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the underlying Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Transportation by Race: White, Asian, and All Other Races, Not Including Black or African American (CXUTRANSLB0902M), retrieved from FRED.