Consumer Unit Characteristics: Percent White, Asian, and All Other Races, Not Including African American by Region: Residence in the Midwest Census Region
CXUWHTNDOTHLB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.00
Year-over-Year Change
-2.22%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the percentage of consumer units, or households, in the Midwest Census Region that are White, Asian, or of a race other than African American. It provides insights into the demographic composition of Midwestern households.
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 Consumer Unit Characteristics data tracks various demographic and socioeconomic attributes of U.S. consumer units, which are used to analyze household spending patterns and consumer behavior. This specific series focuses on the racial makeup of Midwest households, excluding African Americans.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for policymakers, marketers, and researchers studying regional consumer demographics and their implications for economic and social trends.
Key Facts
- The Midwest region includes 12 U.S. states.
- In 2022, the share of Midwest consumer units that were White, Asian, or of another race (excluding African American) was 87.4%.
- The percentage of Midwest consumer units that were White was 81.9% in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of consumer units, or households, in the Midwest Census Region that are White, Asian, or of a race other than African American.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the demographic composition of Midwestern households, which is useful for policymakers, marketers, and researchers studying regional consumer behavior and its economic implications.
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 is relevant for policymakers, marketers, and researchers studying regional consumer demographics and their implications for economic and social trends.
Q: Are there update delays or limitations?
A: The Consumer Expenditure Survey data is published on a quarterly basis, so there may be some delay in the availability of the most recent figures.
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Citation
U.S. Bureau of Labor Statistics, Consumer Unit Characteristics: Percent White, Asian, and All Other Races, Not Including African American by Region: Residence in the Midwest Census Region (CXUWHTNDOTHLB1103M), retrieved from FRED.