Expensed Purchases of Software for Continuing Care Retirement Communities and Assisted Living Facilities for The Elderly, All Establishments, Employer Firms
CCRCAALFFTE576233 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
209.00
Year-over-Year Change
266.67%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the expensed purchases of software for continuing care retirement communities and assisted living facilities for the elderly across all U.S. employer firms. It provides insight into the technology investment and automation levels within this important senior care industry.
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 Expensed Purchases of Software for Continuing Care Retirement Communities and Assisted Living Facilities for The Elderly, All Establishments, Employer Firms series tracks the dollar value of software expenses incurred by these types of senior living providers. It is a key indicator of technological adoption and operational efficiency within the elder care sector.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This metric is closely monitored by policymakers, investors, and industry analysts to gauge the technology trends and productivity of the senior care industry.
Key Facts
- The data is reported quarterly.
- Software is a major cost category for senior living facilities.
- Automation and digital transformation are growing trends in elder care.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of software expenses incurred by continuing care retirement communities and assisted living facilities for the elderly across all U.S. employer firms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the technology investment and automation levels within the senior care industry, which is crucial for understanding productivity, cost pressures, and service quality trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and industry analysts closely monitor this metric to gauge the technology trends and productivity of the senior care sector, which has significant implications for healthcare costs and the quality of elder care services.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Expensed Purchases of Software for Continuing Care Retirement Communities and Assisted Living Facilities for The Elderly, All Establishments, Employer Firms (CCRCAALFFTE576233), retrieved from FRED.