Higher share of consumer expenditures going to homeowner expenses

December 08, 1998

The share of annual expenditures allocated to owned dwelling (or homeowner) expenses--mortgage interest and charges; property taxes; and maintenance, repairs, and insurance--increased from 1989 to 1995. In 1989, 10.3 percent of total expenditures went to owned dwelling expenses; by 1995, that figure had risen to 11.6 percent.

Owned dwelling expenditures, 1996
[Chart data—TXT]

Each of the three spending components in the owned dwelling category increased its share of total expenditures during the period. The total share for property taxes increased the most, up eight-tenths of a percentage point.

Mortgage interest payments and charges, the largest component of the category, increased its share by almost three-tenths of a percentage point. Maintenance, repairs, and insurance expenditures also increased its share by three-tenths of a percentage point during the period.

These data are a product of the BLS Consumer Expenditure Survey. Additional information is available from "Owned Dwelling Expenditures by Region", Report 924, October 1998.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Higher share of consumer expenditures going to homeowner expenses on the Internet at http://www.bls.gov/opub/ted/1998/dec/wk2/art02.htm (visited September 25, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.