Expenditures: Vehicle Purchases (Net Outlay) by Income Before Taxes: $40,000 to $49,999
CXUVEHPURCHLB0208M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,706.00
Year-over-Year Change
38.27%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures vehicle purchase expenditures by U.S. households with incomes between $40,000 and $49,999 before taxes. It provides insights into consumer spending and purchasing power within this income bracket.
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: Vehicle Purchases (Net Outlay) by Income Before Taxes: $40,000 to $49,999 trend tracks the average monthly net outlays for vehicle purchases among households in this specific income range. This data point is valuable for analyzing consumer behavior and assessing the economic health of middle-income Americans.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This metric is used by economists, policymakers, and market analysts to evaluate consumer trends and inform economic policy decisions.
Key Facts
- The average monthly net outlay for vehicle purchases by households with incomes of $40,000 to $49,999 was $291 in 2022.
- Vehicle purchases account for a significant portion of total household expenditures in this income bracket.
- This trend has shown fluctuations over time, reflecting changes in consumer confidence and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly net outlays for vehicle purchases by U.S. households with incomes between $40,000 and $49,999 before taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the spending patterns and purchasing power of middle-income American consumers, which is valuable for understanding consumer behavior and economic conditions.
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 metric is used by economists, policymakers, and market analysts to evaluate consumer trends and inform economic policy decisions, particularly related to fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the Consumer Expenditure Survey, which may result in occasional update delays. Additionally, the survey relies on self-reported household data, which can have inherent limitations.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Purchases (Net Outlay) by Income Before Taxes: $40,000 to $49,999 (CXUVEHPURCHLB0208M), retrieved from FRED.