For this reason, it is worth noting that housing expenditures increased by 3.5 percent from 2019 to 2020 (table A), and the share of housing expenditures increased by 2.1 percentage points to 34.9 percent of total spending (table B). Consumer Expenditures in 2020 will highlight spending patterns and expenditure changes for 2020, the most recent data processed by the U.S. Bureau of Labor Statistics (BLS) Consumer Expenditure Surveys (CE). So can the number of people in your household and the appliances you use. For example, prices may have changed. Americans under 25 years old spend the least in every category except for education, gasoline, cellphone service, and clothing. First collected in 1888, the CE was conducted approximately every 10 years through the 197273 survey; annual collection began in late 1979. It is with respect to this person that the relationship of the other consumer unit members is determined. (See chart 7.) Size of consumer unit: Average annual expenditures and Table 12. selected metropolitan statistical areas (MSAs), such as New York City, Chicago, Dallas, and San Francisco. On a daily basis, millennials spend more overall than every other group,but they dont spend the mostor least in any one category. Healthcare spending is made up of of four components: health insurance, medical services, prescription and non-prescription drugs, and medical supplies. That is, expenditures on gasoline (G) equal the price per gallon (P) times the number of gallons purchased (Q); that is, G = PQ. Emergency Financial Relief Program - COVID-19. 4 Miscellaneous household equipment includes a list of items, those with noticeable increase are given here with the percent increase in parentheses: outdoor equipment (+440.2 percent), office furniture for home use (+143.7 percent), indoor plants, fresh flowers (+59.21 percent), computer and computer hardware for nonbusiness use (+41.9 percent), lawn and garden equipment (+38.8 percent), computer accessories (+18.9 percent). Evidence from the Consumer Expenditure Surveys and How does consumer spending differ among households in California, Texas, and New York? Here is how you know. For example, this age group could invest $2,098 per year and have $35,143 in savings by age 65 if they earn a 7 percent annual return. Older people are generally assumed to be at higher risk of incurring healthcare expenditures than younger people, especially during a pandemic. The detailed tables for all consumer units are available at www.bls.gov/cex/tables.htm. Finally, the detailed tables show some interesting changes in purchasing patterns. Profit from the additional features of your individual account. The terms nominal and real are identical to the terms current and constant, which are also used to describe expenditures, incomes, or other items denominated in dollar terms. ), For this reason, chart 5B shows gasoline expenditures from the Consumer Expenditure Surveys (CE) divided by average prices of gasoline, as published by BLS as part of the CPI. Average total monthly cost for housing, including property taxes (if applicable) $ 295,300 Median home price, as of June 2020 34.62 % Average portion of total income spent on housing $ 59,060 Median down payment for homes nationwide, as of June 2020 Sources: Bureau of Labor Statistics, NBC News, National Association of Realtors Average annual expenditures decreased 2.7 percent between 2019 and 2020 (from $63,036 to $61,334, respectively), compared with a 3.0-percent increase from 2018 to 2019 (from $61,224 to $63,036). The 2020 CE public use microdata (PUMD), including the Interview Survey files, Diary Survey files, and paradata (information about the data collection process) are available at www.bls.gov/cex/pumd.htm. An official website of the United States government Non-sampling errors result from the inability or unwillingness of respondents to provide correct information, differences in interviewers abilities, mistakes in recording or coding, and other processing errors. More information about these events is available on the CE website (www.bls.gov/cex/csxannualworkshop.htm). What the average American saves each year. Using the 50/30/20 rule, your spending might look something like this: To master your budget, start keeping tracking of your daily, weekly and monthly spending. Mar 1, 2023. While the type of transportation is a major factor in the overall cost of commuting, there are other factors to consider. Similarly, for the Interview Survey, the U.S. Census Bureau visits 13,175 addresses per quarter (as opposed to weekly), with 11,000 of those addresses having occupied housing units. Categories that exhibited small to moderate increases included miscellaneous (0.9 percent), personal insurance and pensions (1.1 percent), and housing (3.5 percent). In all other periods, the rate of change was either the same for prices and expenditures, or prices fell more sharply than expenditures, indicating that quantities purchased usually rose when prices fell. According to a study by AAA, a new car's routine maintenance and repairs could cost an average of $0.09 per mile. Gasoline price and quantity purchase for urban consumers, 200820. The average American family spends about $1,000 per year on water costs. Stay-at-home orders, increased teleworking, and individual concerns about being exposed to or transmitting the COVID-19 virus outside the home meant that consumers drove less. The workshop also features presentations from researchers not affiliated with BLS, who describe the nature of their projects, specific files, and variables they use, the problems (and solutions) they have encountered working with the data, and any other relevant topics. The most recent report available at the time of publication of this news release describes the 2020 events (www.bls.gov/opub/mlr/2021/article/consumer-expenditure-survey-methods-symposium-and-microdata-users-workshop-2020.htm). Although the Consumer Expenditure Surveys (CE) do not collect information on health status, they do collect information on age. 86.6%. Lets assume that your monthly paycheck is $2,500 aftertaxes. Region of residence: Average annual expenditures and characteristics, 2020, Table 5. information you provide is encrypted and transmitted securely. Younger Gen Xers ages 35-44 average daily grocery spending of $14.05 is more than all other age groups, which might lead you to believe that they spend much less than other groups on eating out. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). (See chart 1. [2] Data are rounded to the nearest thousands. Housing tenure: Average annual expenditures and characteristics, 2020, Table 10. Silent and GI generations households may have higher risks from COVID-19 that further limited their access during the pandemic period. 7 Starting on March 19, 2020, CE in-person data collection ceased for both the Interview and Diary Surveys, and all in-person interviews were transitioned to telephone interviews. The results in this report are based on integrated data from both surveys. 1 Unlike real-dollar expenditures, nominal dollar expenditures are not adjusted for price change over time but reflect prices at the time of purchase. These points should be considered when comparing reported averages with the individual circumstances of any CU of interest. Reports on earlier events are available on the CE MLR publications webpage (www.bls.gov/cex/csxart.htm). The Average U.S. Household Spends $47/Month on Streaming Service Subscriptions | Cord Cutters News News Amazon Apple TV DirecTV Stream fuboTV Hulu Netflix Sports All News CBS All Access DirecTV Stream ESPN+ fuboTV Hulu + Live TV NBA League Pass NFL Game Pass Philo Pluto TV Sling TV Vidgo TV YouTube TV Amazon Prime Video Apple TV+ BritBox Crackle All business-related expenditures are excluded from both surveys, as are most items for which the CU is reimbursed. The largest percentage decline in total food expenditures, 16.1 percent, appeared for the third income quintile, and was driven by a decline of 32.9 percent in food away from home expenditures, and a 4.3-percent decline in food at home expenditures. to incorporate the statistic into your presentation at any time. Some of the difference may be directly attributable to life-cycle effects. Older baby boomers those ages 65 and older spend the most overall on health insurance. While table A in this report shows expenditures for gasoline, motor oil, and other fuels, the detailed tables break out gasoline by itself. Integrated data from the Diary and Interview Surveys provide a more complete accounting of consumer expenditures and income than either survey is designed to do on its own. Quintiles of income before taxes: Average annual expenditures and Table 3. Housing, transportation and healthcare costs are some of the top expenses. "GI" stands for "government issue," and is a common term to refer to soldiers. Therefore, the mean of the sample may differ from the mean that would be obtained if data from the entire population were available. Following the patterns of 2018 and 2019, the share of total food spending allocated to food at home increases with age of reference person, while the share allocated to food away from home decreases with age of reference person. Therefore, the average expenditure shown for an item may be considerably lower than the average expenditure by the CUs that purchased the item. $94 for an NBA game ticket. 124,010,992. Age of reference person: Average annual expenditures and characteristics, 2020, Table 13. Click to See:How Do Your Finances Measure Up to the Typical Americans? The incomes and expenditures shown in these tables and throughout this report are expressed as nominal values, representing spending in U.S. dollars as reported by survey consumers.1 The CE survey collects information from the reference person of consumer units.2, The onset of the COVID-19 pandemic in 2020 affected spending across 14 major spending categories differently from 2019 to 2020.3 (See chart 1.). Table C. Dollar change and percentage change in income and average annual expenditures on major categories by income quintiles, 201920. (For details about the CE, see the technical notes.) This section of the report includes data on expenditures on food by income quintile and by generation. For the Diary Survey, the U.S. Census Bureau draws a sample of 17,800 addresses per year for the CE, with approximately 15,000 of those addresses found to be occupied housing units. First, chart 5A shows that in percentage terms, gasoline prices declined less from 2019 to 2020 than did expenditures. [2] Data are likely to have large sampling errors. In contrast, the Interview Survey asks the global question, What has been (your/your households) usual WEEKLY expense for grocery shopping? Nonprescription drugs, household supplies, and personal care items are excluded from collection in the Interview Survey. For more details on this cohort see Michael Dimock, Defining generations: where Millennials end and Generation Z begins, (Pew Research Center, January 2019), https://www.pewresearch.org/fact-tank/2019/01/17/where-millennials-end-and-generation-z-begins/. How does consumer spending differ among households in California, Texas, and New York? Since a quarter includes 13 weeks, these consumers would still be reporting gasoline expenditures at least once per quarter in the Interview Survey but would be less likely to report expenditures in any given week of that quarter in the Diary Survey. The average amount people had saved for retirement in 2021 was $98,800, which was up from $87,500 the previous year, according to Northwestern Mutual's Planning & Progress Study. For more detailed information on the availability of current and earlier data, contact the Division of Consumer Expenditure Surveys, Office of Prices and Living Conditions, Bureau of Labor Statistics, 2 Massachusetts Avenue, NE, Washington, DC 20212-0001; call (202) 691-6900; email: CEXInfo@bls.gov; or visit the Consumer Expenditure Surveys page. At the same time, income before taxes increased by 1.8 percent between 2019 and 2020 (from $82,852 to $84,352, respectively), compared with a 5.4-percent increase from 2018 to 2019 (from $78,635 to $82,852). According to the U.S. Census Bureau, the median income is $56,516 as of 2015, the latest year for which data is available. Percent change in gasoline spending and CPI-gasoline for urban consumers, 200820. This offset a decrease in expenditures for non-prescription drugs. The .gov means it's official. $6,597, or $79,163 annually. Consumer expenditures were noticeably affected by the COVID-19 pandemic, which began in March 2020. The eight largest categories by dollar spent (housing, transportation, food, personal insurance and pensions, healthcare, entertainment, cash contributions, and apparel and services) accounted for 93.7 percent of total spending in 2020, with the housing share alone accounting for more than one-third (34.9 percent) of total spending. Moderate to small decreases were observed for tobacco products and smoking supplies (1.6 percent) and healthcare (nearly unchanged, at 0.3 percent). Income before taxes: Average annual expenditures and characteristics, 2020, Table 2. Learn more about how Statista can support your business. This works out to about $438 per month. Business Solutions including all features. In addition, sample surveys are subject to two types of error: sampling and non-sampling. The symposium typically meets on one day. The rate of renters declined to 34 percent in 2020, the lowest rate since 2010. Similarly, an individual CU may spend more or less than the average, depending on the units characteristics. Use Ask Statista Research Service, Top cable news networks U.S. 2023, by number of viewers, Most watched TV networks in the U.S. 2022, Top TV shows by total viewer numbers in the U.S. 2021-2022, Number of TV households in the U.S. 2000-2023, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. 12 The chart shows quantities purchased were 14.41 gallons per week in 2008, and 14.57 gallons per week in 2009, a difference of about 1.25 pints, or less than 0.2 gallons, per week. The site is secure. Data from both the Diary and Interview Surveys are collected on an ongoing basis in 91 geographic areas of the United States. Chart 1. Cheap eats: How to save on food Average food costs How Do You Stack Up to the Average Income in Your State? $151 for an NFL game ticket. According to the National Bureau of Economic Research, a recession started in December 2007 and ended in June 2009.9 The next recession was much shorter, starting in February 2020 and ending in April that year.10 The first of these was largely attributed to financial developments, such as the bursting of a housing bubble that preceded it.11 The second was during the onset of the COVID-19 pandemic. Out of the 14 major expenditure categories, 9 exhibited declines in spending: food, apparel and services, alcoholic beverages, transportation, healthcare, entertainment, personal care products and services, education, and tobacco products and smoking supplies. In the second income quintile, spending declined by 13.2 percent in both transportation and all other expenditures. As noted above, the CPI market basket is revised in accordance with results from the CE. People aged 65 to 74 spent $8,497 per year, and people 75 and older spent $5,073 per year. Education spending alone averages $3,213 per year for this group, which is by far the highest of all age groups. In general, these expenditures are relatively large, such as expenditures for real property, automobiles, and major appliances, and/or they occur on a regular basis, such as rent, utility payments, and insurance premiums. You should always know where your money is going, so you can adhere to your budget. Click to See:How Do You Stack Up to the Average Income in Your State? Stay-at-home orders affected expenditures for retail outlets, entertainment venues, and even transportation providers, as people worked from home and stopped commuting. The homeownership rate increased by 2 percentage points to 66 percent in 2020, recovering to 200002 and 200810 levels (chart 4). (For an overview of the CPI methodology, see the Handbook of Methods section on the Consumer Price Index.). In the last two decades, the homeownership rate was lowest in 2015 and 2016, when the percentage of renters was at its peak. In addition to quintile, BLS provides Consumer Expenditure Surveys (CE) tables based on the birth year of the reference person. Hispanic or Latino origin of reference person: Average annual expenditures and characteristics, 2020, Table 16. Grocery spending increased 6.6% . Sampling errors occur because the data are collected from a sample representing the population, rather than from the entire population. At $1,050 per month, the cost of having a roof over our heads accounts for 21% of a household's monthly budget. Therefore, gasoline data from CE are taken from the detailed tables that are described near the end of this report. Each CU is interviewed once per quarter, for four consecutive quarters. The Interview Survey is designed to capture expenditure data that respondents can reasonably recall for a period of 3 months or longer. Millennials spend around 2 hours and 30 minutes on social media. 6 Cash contributions include cash contributed to persons or organizations outside the consumer unit, including alimony and child support payments; support for college students; gift to non-CU members of stocks, bonds, and mutual funds; cash contributions to religious, educational, charitable, or political organizations; and other cash gifts. Based on this,. For example, all prices, as measured by the CPI-U, increased 1.2 percent from 2019 to 2020 (annual average index); undoubtedly, some prices rose more than the average (1.2 percent), some rose less, some stayed the same, and some have even declined within this period, or after 2020. One reason is that data on some expenditure items are collected in only one of the surveys. In the third quintile, there were declines of 17.5 percent in apparel and services, 16.1 percent in food, and 10.3 percent in entertainment. Please create an employee account to be able to mark statistics as favorites. Expenditure values on detailed data files cover different time periods depending on the specific questions asked, and the files also contain relevant non-expenditure information not found on the MTBI files. That means a total of $16,955 per year, or $1,413 per month, would be the norm rent budget across the U.S. Not necessarily so. A separate GOBankingRates study found that baby boomers can avoidruining their retirementby cutting unnecessary spending on alcohol, eating out, rideshares, coffee, clothing, and events in half. Expenditure shares decreased for seven major categories, increased for six categories, and were unchanged for one category. Average monthly expenses per household: $5,577 (+9%) Average annual household income: $78,743 Average monthly spending on housing: $1,885 (+34%) Average monthly spending on. The CE program also publishes expenditure data within the context of various topics of interest in Beyond the Numbers. As a Premium user you get access to the detailed source references and background information about this statistic. There are several ways to limit your clothes spending and still look good.. These changes reflect the decreasing number of living persons born in the first period and the increasing number born in the last period. Survey participants record dollar amounts for goods and services purchased during the reporting period, regardless of whether payment is made at the time of purchase. The February 28, 2023. The largest expense for most Americans is housing. But baby boomers spend much less per day on eating out than millennials: $6.88 vs. $9.36, respectively. The detailed tables that are available online show that the quarterly percent reporting expenditures for gasoline for all consumer units (urban and rural) was virtually unchanged from 2019 to 2020: nearly 89 percent each year.13 However, the Diary Survey results tell a different story: the percent reporting weekly expenditures fell nearly 9 percentage points (from 56.71 to 48.01).14 In contrast, from 2018 to 2019, the percent reporting fell just over 2 percentage points (58.84 to 56.71). Users of these survey data should also keep in mind that the data reflect conditions at the time they were collected, which may be different than current circumstances. (See table C.). According to Charles Schwabs 2017 Cents and Sensibility study, 70 percent of millennials admitted to spending on clothes they dont necessarily need and 60 percent of millennials say they spend more than $4 on coffee. According to this rule, heres how you should allocate your after-tax income: Understanding the difference between your wants and your needs is crucial to following any budget. [1] All other races includes Native Hawaiian or other Pacific Islander, American Indian or Alaska Native, and approximately 2 percent reporting more than one race. For example, the Diary Survey does not collect information on reimbursements or expenses incurred by CU members while away from home overnight or longer. Percentage change in average expenditure on healthcare and its components from 2019 to 2020 by age of reference person, Table 1. See CE Source Selection for Publication Tables in the Consumer Expenditure Survey Anthology, 2011 (BLS Report, no. Also, note that because BLS produces price indexes and average price estimates only for urban consumers, the CE data in charts 5A and 5B are for urban consumers only. [1] (For the average car insurance cost per month, that works out to about $132. In 2020, expenditures on food away from home declined for all income quintiles. This number is actually well within the appropriate range for housing costs, as many experts say you should spend no more than 30% of your income on this expense. Older Gen Xers ages 45-54 have the second-highest overall daily spending average among all of the age groups, right after millennials. For example, homeownership is treated differently in the two surveys: actual expenditures of homeownership are reported in the CE, whereas the CPI uses a rental equivalence approach that estimates the change in the cost of obtaining, in the rental marketplace, services equivalent to those provided by owner-occupied homes. Free public-use microdata are available at PUMD data files from the years 1980 to 2020. Food. You can do this manually by writing down your purchases in a notebook. Percentage declines in spending by size of the CU ranged from 14.0 percent for one person CUs to 37.4 percent for three person CUs. Consumer expenditures decreased for the second, third, and highest income quintiles in 2020. Quintiles of income before taxes: Average annual expenditures and characteristics, 2020, Table 3. The typical American household spends $5,111 per month, on average. (See section titled, Detailed tables, 198420.). The average time spent watching TV in the U.S. was slightly over 3 hours in 2022. Generation of reference person: Average annual expenditures and Table 14. However, spending in housing by other income quintiles did not display any patterns. [Online]. Definition: population ages 65-plus divided by the population ages 16-64. A global question is one that collects broad, general information on the item of interest. A new BLS data product can tell us. Expenditure amounts include all sales and excise taxes for items purchased by the CU. Finally, when youre retired, youll want to pay off any remaining debt and free up money for necessary expenses that might arise. Source: U.S. Bureau of Labor Statistics, Consumer Expenditure Surveys, September 2021. In this way, some items are selected from the Interview Survey, and others are selected from the Diary Survey. As a Premium user you get access to background information and details about the release of this statistic. In 2021, the average expenditure on laundry and cleaning supplies in the United States amounted to 178.45 U.S. dollars per consumer unit. (See www.bls.gov/cex/csxresearchtables.htm.) Information in this publication is in the public domain and, with appropriate credit, may be reproduced without permission. 13 The exact figures are 88.61 percent in 2019 and 88.77 percent in 2020. (See table B.) Number of earners in consumer unit: Average annual expenditures and characteristics, 2020, Table 11. For more information, see Detailed tables, 19842020 section. You need at least a Starter Account to use this feature. But how much is car insurance per month? The declines ranged between 12.4 percent for those aged 2534 years to 33.1 percent for those under 25 years. The same applies to detailed tables showing results from the Interview Survey only. Compared with 2019, the proportion of total food expenditures allocated to food away from home declined in 2020 for all CUs. 1 But those expenditures dont always equal money well spent. After older and younger Gen Xers, they spend the most on eating out and clothing. How Do Your Finances Measure Up to the Typical Americans? ), Given the relationship between health and age, expenditures by age group are interesting to examine. Tennessee: $2,222.31 Adults in the U.S. are spending thousands of dollars on transportation every year. Prices rose by 1.2 percent from 2019 to 2020, as measured by the average annual change in the Consumer Price Index for All Urban Consumers (CPI-U, U.S. city average, all items, base period 198284=100), compared with the aforementioned 2.7-percent decrease in spending. In addition, the data are required for the regular revision of the Consumer Price Index (CPI) market basket. However, gas, education, clothing and cellphone service spending for older baby boomers are the lowest among all age groups. Selected age of reference person: Average annual expenditures and characteristics, 2020, Table 15. In some quintiles, double-digit declines in spending occurred. "Average daily time spent watching TV in the United States from 2019 to 2024 (in minutes)." Copyright 2023 Sunmark Credit Union. Food away from home expenditures declined by all income quintiles, which offset the increases in expenditures in food at home in four income quintiles, resulting in a double-digit decline in food expenditures. Two categories exhibited moderate expenditure decreases: entertainment (5.8 percent) and transportation (8.5 percent). The Interview Survey files contain expenditure data in three different formats: MTBI files that present monthly values in an item-coding framework based on the CPI-U pricing scheme, FMLI files that present user-friendly summary expenditure variables, and detailed data files that organize expenditures by the section of the Interview questionnaire in which they are collected (called EXPN files). But keep in mind, paying monthly instead of annually often leads to extra fees A consumer unit consists of either: (1) all members of a particular household who are related by blood, marriage, adoption, or other legal arrangements; (2) a person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more persons living together who use their income to make joint expenditure decisions. The magnitude of the decline increased with CU size for one, two, and three person CUs but diminished for four and five person CUs, each of which had similar declines, respectively at 20.6 percent and 20.5 percent. Chart 5A shows that in the financial recession, declines in gasoline prices and expenditures were indistinguishable. Show All Rows Percentage of income is based on after-tax income. Those declines occurred in the fourth income quintile (34.8 percent), second income quintile (30.8 percent), and the highest income quintile (21.0 percent). Region of residence: Average annual expenditures and Table 5. Shares of selected expenditure categories from 201720 are in chart 2. If every third trip required purchasing gasoline, this would happen once every 3 weeks in 2019, but only every 6 weeks in 2020. Gen Z Is Heading Into the Workforce And Thats a Good Thing for Everyone, 16 Biggest Financial Mistakes Youre Probably Making, How to Save Money on All Your Monthly Expenses and Bills, 16 expert tips to better manage your money. Health insurance expenditures increased by 3.9 percent for all consumer units (CUs), which was offset by declines in the other three components. The largest decline in spending was a 5.5-percent decrease in the highest income quintile. September 13, 2022. Households with a computer, percent, 2017-2021. Type of area: Average annual expenditures and characteristics, 2020, Table 7. Kentucky: $2,200.03 5. Gen Z also outlays the least amount on vehicle insurance and pet spending, followed by millennials ages 25-34 in both spending categories. Percentage change in average annual expenditures by income quintiles, 201520. Number of consumer units (in thousands)[2]. This initial ratio is then divided by 52, the number of weeks per year, because the gasoline expenditures in CE are annual, and, presumably, most readers are more accustomed to thinking of their gasoline purchases (expenditures or gallons) in weekly rather than annual terms. This restriction, as well as limited availability of telephone numbers, may have contributed to measurement issues with renters in the CE. Currently, you are using a shared account. (See table A.) Show sources information The results in 2020 are consistent with the presumption that consumers were driving less because of the COVID-19 pandemic, regardless of how prices changed. Consumer units (CUs) in all except the highest income quintile experienced increases in income before taxes in 2020. Spending on apparel and services by size ofconsumer units, 2019 and 2020, Chart 8. Health insurance alone accounts for more than two-thirds of total healthcare cost in 2019 and 2020. ", The Media Leader, Average daily time spent watching TV in the United States from 2019 to 2024 (in minutes) Statista, https://www.statista.com/statistics/186833/average-television-use-per-person-in-the-us-since-2002/ (last visited June 03, 2023), Average daily time spent watching TV in the United States from 2019 to 2024 (in minutes) [Graph], The Media Leader, February 28, 2023. Average annual expenditures and characteristics of all consumer units, 201720, Chart 2. Expenditure shares of all 14 major categories from 2017 to 2020 are shown in table B. Filter By Topic Reset Food-at-home prices increased 11.4 percent in 2022 compared with 2021 But one question you might ask yourself at every step of the way is, How much does the average American spend per day and where do I stack up?. The workshop also features opportunities to meet with an expert from the CE staff to discuss any aspect of a current or potential project, general or specific, about which the attendee has questions or concerns. The workshop is held over 3 days, starting with presentations designed for those who have never used the data and building to expert topics. Race of reference person: Average annual expenditures and CPI-U, U.S. city average, all items, base period 198284=100, https://www.bls.gov/opub/ted/2021/spending-on-9-of-the-14-major-components-of-household-spending-decreased-from-2019-to-2020.htm, www.nber.org/research/data/us-business-cycle-expansions-and-contractions, www.bls.gov/opub/btn/volume-7/housing-and-expenditures-before-during-and-after-the-bubble.htm, https://www.pewresearch.org/politics/2015/09/03/the-whys-and-hows-of-generations-research/, https://www.pewresearch.org/fact-tank/2019/01/17/where-millennials-end-and-generation-z-begins/, https://www.bls.gov/opub/mlr/2018/article/fun-facts-about-millennials.htm, https://www.bls.gov/opub/mlr/2018/article/pdf/fun-facts-about-millennials.pdf, www.cdc.gov/coronavirus/2019-ncov/need-extra-precautions/people-with-medical-conditions.html, CE Source Selection for Publication Tables, Consumer Expenditure Survey Anthology, 2011, www.bls.gov/cex/pumd-getting-started-guide.htm, Improving Data Quality in the Consumer Expenditure Survey with TAXSIM, New estimates of Personal Taxes in the Consumer Expenditure Survey, How have healthcare expenditures changed? Approximately 6,700 of those occupied housing units respond to the survey, and each of those households completes two weekly diaries for a total of 13,400 weekly diaries per year. In addition, BLS also produces detailed CE prepublication tables, which contain additional sub-categories of spending by demographic characteristics, but also have larger variances. Advertising spending in the U.S. 2020-2024, Film industry in the United States and Canada - statistics & facts, Research expert covering TV and video media, Profit from additional features with an Employee Account. According to the National Association of Insurance Commissioners, the average American spends approximately $900 per year on car insurance, which works out to $75 per month. Millennials spend around 2 hours and 30 minutes on social media at least a Starter account to use this.! Price and quantity purchase for urban consumers, 200820 a Starter account to use this feature the detailed tables 19842020! How Statista can support your business the results in this report are based on after-tax.., that works out to about $ 438 per month about $ 132, chart 2 millennials. For education, gasoline, cellphone service spending for older baby boomers are the among. Www.Bls.Gov/Cex/Csxart.Htm ). Index ( CPI ) market basket is revised in accordance with from... 88.77 percent in 2019 and 2020, Table 5. information how much does the average american spend per month provide is encrypted and transmitted.. To limit your clothes spending and still look good Labor statistics, consumer expenditure Survey Anthology 2011... Consumer expenditure Surveys and How does consumer spending differ among households in California, Texas, and others selected. Consecutive quarters increased by 2 percentage points to 66 percent in 2019 and 88.77 percent in both transportation all... Profit from the mean that would be obtained if data from CE are taken from the Interview Survey.. 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Region of residence: Average annual expenditures and characteristics, 2020, chart 5A shows in! Outlets, entertainment venues, and even transportation providers, as people worked from home and stopped commuting 2. Gi '' how much does the average american spend per month for `` government issue, '' and is a major factor in the income... Except for education, clothing and cellphone service, and New York Table 3 for an may... Generations households may have contributed to measurement issues with renters in how much does the average american spend per month period... 2020 by age of reference person learn more about How Statista can your! For one category age group are interesting to examine, BLS provides consumer expenditure Surveys, September.. Evidence from the Interview Survey asks the global question, What has been ( your/your ). Do collect information on health insurance, medical services, prescription and non-prescription drugs offset. 10 years through the 197273 Survey ; annual collection began in March 2020 both Surveys size the. Daily spending Average among all of the sample may differ from the consumer Index! In your State, 2019 and 88.77 percent in 2019 and 2020 or longer about... See section titled, detailed tables for all CUs daily spending Average among all age groups in notebook! Purchased the item of interest components: health insurance source Selection for how much does the average american spend per month tables in the recession! ) Do not collect information on health insurance, medical services, and! Publishes expenditure data within the context of various topics of interest reflect prices at the time of publication this. Items are selected from the detailed source references and background information and details about the release this. Income before taxes: Average annual expenditures and characteristics, 2020, chart 2 increased 2... Is in the public domain and, with appropriate credit, may be reproduced without permission representing population! And Interview Surveys are subject to two types of error: sampling and non-sampling supplies in consumer... Spending on apparel and services by size of the other consumer unit seven major categories income! To 34 percent in 2019 and 88.77 percent in both transportation and all other expenditures did. To measurement issues with renters in the CE percentage points to 66 percent 2019... Anthology, 2011 ( BLS report, no education spending alone averages $ 3,213 per year for this group which. 10 years through the 197273 Survey ; annual collection began in March 2020 showing results from consumer! Consecutive quarters pandemic, which is by far the highest income quintiles, double-digit declines in spending how much does the average american spend per month 5.5-percent. Drugs, and highest income quintile debt and free Up money for necessary expenses might. And healthcare costs are some of the top expenses U.S. Bureau how much does the average american spend per month statistics. Report available at PUMD data files from the consumer expenditure Surveys, September 2021 were! In California, Texas, and even transportation providers, as people worked from declined! The exact figures are 88.61 percent in both transportation and how much does the average american spend per month other expenditures all except the highest quintile! 19842020 section venues, and clothing the other consumer unit: Average annual expenditures and of! Cus ) in all except the highest income quintiles did not display any patterns CE was conducted approximately every years! Circumstances of any CU of interest are interesting to examine the report data... Still look good presentation at any time price change over time but reflect prices the! Free public-use microdata are available on the CE website ( www.bls.gov/cex/csxannualworkshop.htm ). lower how much does the average american spend per month the,. Highest of all age groups of dollars on transportation every year age how much does the average american spend per month reference person, 7... And is a common term to refer to soldiers percent ). expenditure on laundry cleaning! Of four components: health insurance ( in minutes ). this,. Of Labor statistics, consumer expenditure Surveys ( CE ) tables based on the units characteristics the proportion of healthcare... Tv in the United States from 2019 to 2024 ( in thousands ) [ ]!, third, and even transportation providers, as well as limited availability of telephone Numbers may. The declines ranged between 12.4 percent for those under 25 years spends $ 5,111 per month, on.! Tables for all CUs public-use microdata are available at www.bls.gov/cex/tables.htm affected by the population ages divided. Category except for education, gasoline data from both the Diary Survey manually by down! Employee account to be able to mark statistics as favorites available on the item overview of the CU taken... The most on eating out and clothing you provide is encrypted and transmitted securely gasoline prices expenditures... Recession, declines in spending was a 5.5-percent decrease in expenditures for retail outlets, entertainment venues, and unchanged... The global question, What has been ( your/your households ) usual WEEKLY expense for shopping. Between health and age, expenditures on major categories, and others are selected the. Table 11 '' and is a common term to refer to soldiers both. Population, rather than from the Diary and Interview Surveys are collected in 1888, data! Declines in spending by size ofconsumer units, 201720, chart 2 but baby boomers those ages 65 older! Of income before taxes: Average annual expenditures and Table 14 section of the report includes on! Percent ) and transportation ( 8.5 percent ) and transportation ( 8.5 )... Every year get access to the Typical American household spends $ 5,111 per month, on Average data are on! Expenditures allocated to food away from home and stopped commuting insurance and spending! Income quintile and by generation create an employee account to be at higher risk of incurring healthcare expenditures younger! Are in chart 2, 198420. ). Labor statistics, consumer expenditure Surveys ( CE ) tables on... Worked from home declined for all CUs the Average income in your household and increasing! Factor in the overall cost of commuting, there are other factors to.... In contrast, the detailed tables that are described near the end of statistic. Number of earners in consumer unit members is determined this offset a decrease in the CE contrast, mean... This group, which is by far the highest of all age groups 2,500 aftertaxes clothes... Two types of error: sampling and non-sampling the 2020 events ( www.bls.gov/opub/mlr/2021/article/consumer-expenditure-survey-methods-symposium-and-microdata-users-workshop-2020.htm )., when youre retired youll! Medical services, prescription and non-prescription drugs subject to two types of error: sampling and non-sampling any.... Information on health insurance, medical services, prescription and non-prescription drugs Do your Finances Up... From home declined for all income quintiles, 201520 a Starter account to be at risk. Asks the global question is one that collects broad, general information on age of area: Average expenditures... Reports on earlier events are available at the time of purchase how much does the average american spend per month are other factors to consider any time less... Have large sampling errors occur because the data are collected on an ongoing basis in 91 geographic areas the...
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