Consumer expenditures in 2008
October 08, 2009
Average annual expenditures per consumer unit, which is similar to a household, rose 1.7 percent in 2008 after increasing 2.6 percent in 2007. The spending increase in 2008 was less than the 3.8-percent increase in prices from 2007 to 2008 as measured by the average annual change in the Consumer Price Index (CPI-U).
The increase in spending in 2008 was the smallest increase since the 0.3-percent rise in 2003.
Increases in spending for housing (1.1 percent) and food (5.1 percent) were somewhat offset by decreases in spending for transportation (-1.8 percent) and apparel (-4.3 percent), resulting in the small overall increase in 2008. Among the other major components, spending increased for health care (4.3 percent), personal insurance and pensions (5.0 percent), and entertainment (5.1 percent).
These data come from the Consumer Expenditure Survey. Find out more in "Consumer Expenditures — 2008" (HTML) (PDF), news release USDL 09-1208. Consumer units include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share expenses.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer expenditures in 2008 on the Internet at http://www.bls.gov/opub/ted/2009/ted_20091008.htm (visited August 25, 2016).
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.