Consumer Buying Power provides geography-based estimates of potential annual consumer spending for more than 700 household expenditure items. The data, produced by Environics Analytics, allow users to identify the potential demand for a wide variety of products and services by geographic area, regardless of where consumers make their purchases.
Developed using the Consumer Expenditure Survey (CEX), conducted by the U.S. Bureau of Labor Statistics, the database offers current-year estimates and five-year projections of potential consumer expenditures for all standard census, postal and marketing geographies. The variables are available in two hierarchies: expenditures by category and merchandise line items, and retail store types.
To account for the unpredictable social, political, and behavioural changes stemming from the COVID-19 pandemic, we will once again be releasing a 2021 restatement of CBP in the summer of 2022. This 2021 restatement will add the second half of 2021 data as an input to refine our estimates and controls when modelling the CBP (CY) data.
Below you will find a video (4:55 mins) that covers product details, sources, methodology, applications and key questions about this product. Watching this video will provide you with an overview of the product and give you some ideas for how it can be used in your own work.
Following the video, there are some additional resources linked for your reference: release notes, variables list and variables change list.
Consumer Buying Power Release Notes
Consumer Buying Power Release Notes (2021 Restatement)
Consumer Buying Power Variables List
Consumer Buying Power Variables List (2021 Restatement)
Consumer Buying Power Variables Change List