Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Annual expenditures by age group, 2013

January 04, 2016

In 2013, total household expenditures grouped by age of the reference person showed the youngest and oldest groups spending the least each year and the 45-54 year old group spending the most. Out-of-pocket healthcare spending increased with age from $943 for the under-25 age group to $5,188 for the 65–74 age group. The 75-and-older group spent $4,910 for healthcare, about the same as the age 65-74 group. Spending on pensions and Social Security steadily increased from the under-25 age group ($2,153) to the 45–54 group ($7,305) and gradually declined to $6,593 for the 55–64 age group. This spending increase was followed by sharp declines for the 65–74 group ($2,833) and 75-and-older group ($832).

Average annual expenditures by age group, 2013
Expenditure category Food Housing Clothing Transportation Healthcare Entertainment Pensions and Social Security Other

Under age 25

$4,698 $10,379 $1,513 $5,672 $943 $1,243 $2,153 $3,771

Age 25–34

6,197 17,207 1,832 9,183 2,189 2,214 5,178 4,087

Age 35–44

7,920 20,619 1,960 10,519 3,188 2,958 6,791 4,827

Age 45–54

7,907 19,001 1,826 10,782 3,801 3,070 7,305 6,833

Age 55–64

6,711 17,937 1,563 9,482 4,378 2,651 6,593 6,577

Age 65–74

6,020 15,639 1,222 7,972 5,188 2,488 2,833 5,394

Age 75 and older

4,144 12,314 768 5,149 4,910 1,422 832 4,844

Spending on housing did not strictly follow the hump-shaped pattern previously described. Spending increased from $10,379 for the under-25 age group and peaked earlier in the life cycle at $20,619 for the 35–44 age group, and then became rather flat until it reached $12,314 for the 75-and-older group. Food spending went from $4,698 for the under-25 group to about $7,900 for both the 35–44 and 45–54 years groups and then declined to $4,144 for the 75 years and older groups.  

These data are from the Consumer Expenditure Survey. For more information, see the December 2015 Beyond the Numbers article, “Consumer expenditures vary by age” by Ann C. Foster.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Annual expenditures by age group, 2013 on the Internet at https://www.bls.gov/opub/ted/2016/annual-expenditures-by-age-group-2013.htm (visited October 25, 2020).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics

triangle