Expenditures for housing, personal insurance rise fastest in 1997
April 01, 1999
In 1997, the largest expenditure increases among the major components of spending were the roughly 5-percent gains in housing and in personal insurance and pensions. Housing expenditures accounted for 32.4 percent of total expenditures in 1997, up 0.6 percentage point from the previous year, while personal insurance and pensions accounted for 9.3 percent, up 0.1 percentage point.
The 4.9-percent housing expenditure increase followed gains of 2.8 percent in 1996 and 3.5 percent in 1995. Expenditures in 1997 on housing subcomponents showed the following changes: housefurnishings and equipment increased 12.0 percent; household operations rose 5.0 percent; shelter increased 4.6 percent; utilities, fuels, and public services jumped 2.8 percent; and housekeeping supplies fell 1.9 percent.
Following a 3.2-percent rise in 1996, the 5.3-percent personal insurance and pensions expenditure rise in 1997 broke down into a 7.4-percent increase for expenditures on life insurance and other such personal insurance, and a 5.1-percent increase for pensions and Social Security.
These data are a product of the BLS Consumer Expenditure Survey. Additional information is available from "Consumer Expenditures in 1997", Report 927.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Expenditures for housing, personal insurance rise fastest in 1997 on the Internet at https://www.bls.gov/opub/ted/1999/mar/wk5/art04.htm (visited January 24, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.