![]() ![]() Eight categories-housing, transportation, food, personal insurance and pensions, healthcare, entertainment, cash contributions, and apparel and services expenditures-accounted for 93.1 percent of total CU expenditures in 2018.Ĭhart 1. As in previous years, housing was the largest component of overall expenditures, accounting for 32.8 percent of total expenditures in 2018. Table B and chart 1 show expenditure shares, or the percent distribution of total annual expenditures by major expenditure categories, for all CUs from 2015–18. Bureau of Labor Statistics, Consumer Expenditure Surveys, September, 2019.Įxpenditure shares are important in the short run to provide a snapshot of the typical allocation of family spending, and in the long run to reflect the changes in the economic standard of living. For example, smaller shares spent on food and other life necessities mean more is available to spend on entertainment, education, cash contributions, or other items that are not strictly necessary. Average annual expenditures and characteristics of all consumer units, 2015–18 Item Spending on reading and miscellaneous declined by 1.8 percent and 1.7 percent respectively. Spending on healthcare, entertainment, personal care products, and cash contributions were each up less than 1 percent. ![]() Lower increases in expenditures on housing, apparel and services, and transportation ranged from 1 percent to 2 percent. Alcoholic beverages, and tobacco products and smoking supplies showed a 4.5-percent increase. The largest decline in expenditures was 5.6 percent in education expenditures. (See table A.) Expenditures on personal insurance and pensions experienced the largest increase at 7.8 percent. Developments in 2018Ĭompared with the previous year, spending increased in 2018 for 11 of the 14 major aggregated categories of expenditures tracked by the CE: food, alcoholic beverages, housing, apparel and services, transportation, healthcare, entertainment, personal care products and services, tobacco products and smoking supplies, cash contributions, and personal insurance and pensions. 2 In 2017, prices, as measured by the CPI-U, increased by 2.1 percent, compared with the 4.8-percent increase in spending. city average, all items, base period 1982–1984 = 100), rose by 2.4 percent, compared with the 1.9-percent increase in spending. ![]() In 2018, prices, as measured by the average annual change in the Consumer Price Index for All Urban Consumers (CPI-U, U.S. ![]() At the same time, the average consumer unit’s income before taxes increased by 6.9 percent, from $73,573 in 2017 to $78,635 in 2018, in contrast to the decline of 1.5 percent in 2017 from 2016. This report highlights spending patterns for 2018 from the CE, including a brief discussion of expenditure changes for the year. According to annual nominal data from the CE, consumer spending increased 1.9 percent, from $60,060 per consumer unit in 2017 to $61,224 in 2018, compared with a 4.8-percent increase in 2017 from 2016. (For details about CE, see the technical notes.) The report's tables show average expenditures, income, and characteristics for consumer units classified by income before taxes by quintile, decile, and range age of the reference person size of the consumer unit composition of the consumer unit number of earners housing tenure (homeowner or renter) and type of area (urban or rural) region of residence occupation highest education level of any consumer unit member race Hispanic or Latino origin and generation of the reference person. This Consumer Expenditure Surveys (CE) annual report presents integrated data from the 2018 Diary and Interview portions of the CE, including data tables. Subscribe to BLS Reports Consumer Expenditures in 2018 ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |