Expenditures: Other Vehicle Expenses by Age: from Age 35 to 44
CXUVEHOTHXPLB0404M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,451.00
Year-over-Year Change
73.53%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures other vehicle expenses, such as maintenance and repairs, for individuals aged 35 to 44 in the United States. It provides insights into the spending habits and transportation costs of this 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: Other Vehicle Expenses by Age: from Age 35 to 44' series tracks the average monthly spending on non-fuel vehicle-related costs for Americans between 35 and 44 years old. This data is valuable for understanding consumer behavior and transportation costs within this key working-age population.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend can inform economic policy decisions and market analysis related to the automotive industry and consumer finance.
Key Facts
- Spending on other vehicle expenses for ages 35-44 averaged $194 per month in 2021.
- This demographic accounts for approximately 22% of the U.S. population.
- Vehicle maintenance and repair costs are a significant portion of household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly spending on other vehicle expenses, such as maintenance and repairs, for individuals aged 35 to 44 in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the transportation costs and spending habits of a key working-age demographic, which can inform economic policy and market analysis.
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 can inform policy decisions and market analysis related to the automotive industry and consumer finance.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture immediate changes in consumer spending patterns.
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Citation
U.S. Federal Reserve, Expenditures: Other Vehicle Expenses by Age: from Age 35 to 44 (CXUVEHOTHXPLB0404M), retrieved from FRED.