Consumer spending by age group in 2013

March 18, 2015

Housing was the largest spending category among all households in 2013. Consumers ages 25 to 34 had the highest share of spending on housing (35.8 percent). Consumers ages 45 to 54 had the lowest share (31.4 percent).

Percent distribution of expenditures for all consumer units, by age, 2013 annual averages
Spending category Under 25 years 25-34 years 35-44 years 45-54 years 55-64 years 65 and older

Total

100.0 100.0 100.0 100.0 100.0 100.0

Housing

34.2 35.8 35.1 31.4 32.1 34.3

Transportation

18.7 19.1 17.9 17.8 17.0 16.3

Personal insurance and pensions

7.3 11.0 12.0 12.7 12.6 5.8

Food at home

8.6 7.4 7.9 7.8 7.6 8.0

Healthcare

3.1 4.6 5.4 6.3 7.8 12.2

Food away from home

6.9 5.5 5.6 5.3 4.4 4.5

Entertainment

4.1 4.6 5.0 5.1 4.7 4.9

Cash contributions

1.6 2.0 2.4 3.3 4.3 6.2

Apparel and services

5.0 3.8 3.3 3.0 2.8 2.5

Education

6.8 2.1 1.5 3.3 2.2 0.8

Miscellaneous

0.7 1.2 1.1 1.1 1.5 1.5

Personal care products and services

1.1 1.1 1.1 1.2 1.1 1.4

Alcoholic beverages

1.2 1.0 0.8 0.9 0.8 0.8

Tobacco products and smoking supplies

0.7 0.6 0.6 0.7 0.8 0.4

Reading

0.2 0.1 0.2 0.1 0.2 0.3

In 2013, consumers under age 25 had the highest share of overall spending on food away from home, at 6.9 percent. This age group also had the highest shares of total spending on education (6.8 percent), apparel and services (5.0 percent), and alcoholic beverages (1.2 percent).

Consumers age 65 and older spent a higher share on healthcare, 12.2 percent of total spending, than other age groups. Consumers ages 55 to 64 had the next-highest healthcare share (7.8 percent), followed by those ages 45 to 54 (6.3 percent).

These data are from the Consumer Expenditure Survey. To learn more, see Consumer Expenditures in 2013 (PDF).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer spending by age group in 2013 on the Internet at https://www.bls.gov/opub/ted/2015/consumer-spending-by-age-group-in-2013.htm (visited July 25, 2017).

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