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Average annual household spending decreased from $51,442 in 2012 to $51,100 in 2013, a decline of 0.7 percent. This follows 2 years of increasing spending in 2011 and 2012.
Category | Expenditures | Over-the-year percent change | |||||
---|---|---|---|---|---|---|---|
2010 | 2011 | 2012 | 2013 | 2010– 2011 |
2011– 2012 |
2012– 2013 |
|
Total average annual expenditures |
$48,109 | $49,705 | $51,442 | $51,100 | 3.3 | 3.5 | -0.7 |
Reading |
100 | 115 | 109 | 102 | 15.0 | -5.2 | -6.4 |
Tobacco products and smoking supplies |
362 | 351 | 332 | 330 | -3.0 | -5.4 | -0.6 |
Alcoholic beverages |
412 | 456 | 451 | 445 | 10.7 | -1.1 | -1.3 |
Personal care products and services |
582 | 634 | 628 | 608 | 8.9 | -0.9 | -3.2 |
Miscellaneous |
849 | 775 | 829 | 645 | -8.7 | 7.0 | -22.2 |
Education |
1,074 | 1,051 | 1,207 | 1,138 | -2.1 | 14.8 | -5.7 |
Apparel and services |
1,700 | 1,740 | 1,736 | 1,604 | 2.4 | -0.2 | -7.6 |
Cash contributions |
1,633 | 1,721 | 1,913 | 1,834 | 5.4 | 11.2 | -4.1 |
Entertainment |
2,504 | 2,572 | 2,605 | 2,482 | 2.7 | 1.3 | -4.7 |
Food away from home |
2,505 | 2,620 | 2,678 | 2,625 | 4.6 | 2.2 | -2.0 |
Healthcare |
3,157 | 3,313 | 3,556 | 3,631 | 4.9 | 7.3 | 2.1 |
Food at home |
3,624 | 3,838 | 3,921 | 3,977 | 5.9 | 2.2 | 1.4 |
Personal insurance and pensions |
5,373 | 5,424 | 5,591 | 5,528 | 0.9 | 3.1 | -1.1 |
Transportation |
7,677 | 8,293 | 8,998 | 9,004 | 8.0 | 8.5 | 0.1 |
Housing |
16,557 | 16,803 | 16,887 | 17,148 | 1.5 | 0.5 | 1.5 |
During 2013, changes in consumer spending varied among the seven largest categories. Spending increased in three categories: housing, transportation, and healthcare. It decreased in three: apparel and services, entertainment, and personal insurance and pensions. Spending on food did not change.
Spending on housing rose 1.5 percent to $17,148 in 2013. Spending on mortgage interest and charges for homeowners increased for the first time since 2007. However, homeowners spent less on interest and changes in 2013 than they did in 2007. This is probably the result of lower interest rates.
While transportation spending was about $9,000 in both 2012 to 2013, spending on gasoline decreased in 2013, the first decrease since 2009.
As a whole, food spending did not change from 2012 to 2013. Spending on food at home rose about $50, increasing from $3,921 to $3,977. Spending on food away from home was down by a similar amount, decreasing from $2,678 to $2,625.
These data are from the Consumer Expenditure Survey. To learn more, see Consumer Expenditures in 2013 (PDF).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer spending $51,100 in 2013 at https://www.bls.gov/opub/ted/2015/consumer-spending-51100-dollars-in-2013.htm (visited September 07, 2024).