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Consumer Spending A subcategory of consumer goods, consumer staples are products individuals consider essential and buy the most. These products include beverages, food, household items, and tobacco. Other consumer goods that people buy regularly are cleaning products, personal hygiene items, and clothing.
What are Americans spending on?
Overall, housing accounted for the largest share (33.3 percent), followed by transportation (16.8 percent), food (12.8 percent), personal insurance and pensions (12.0 percent), and healthcare (8.0 percent). Each of the remaining categories contributed less than 5.0 percent of total expenditures.
What do people spend most on?
Average American Spending per Day: All Ages Overall, Americans spend the most on housing, followed by groceries, utilities, and health insurance.
How much does the average American spend on housing?
Housing is by far the largest expense for Americans. Monthly housing expenses in 2022 averaged $2,025, a 7% increase from 2021. Over the course of 2022, Americans spent $24,298 on housing on average. With housing prices cooling off somewhat in 2023, it remains to be seen how much spending will change year over year.
How much does the average consumer spend per year?
Average annual expenditures grew by 9.0 percent to $72,967 in 2022, up over $6,000 from 2021 and up almost $10,000 (15.7 percent) from 2019.
Related Searches
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Consumer purchases refer to items used in daily living (e.g., clothing, food, electronics, appliances). They are the purchases that most intimately frame your life: you live with these items and use them every day.
What do consumers spend the most money on?
Average Annual U.S. Consumer Expenditures Spending Area20222021 Food 13.8% ($9,343) 12.4% ($8,289) Housing 33.3% ($24,298) 33.8% ($22,624) Apparel Services 2.6% ($1,945) 2.6% ($1,754) Transportation $16.8% ($12,295) 16.4% ($10,961)6 more rows Feb 13, 2024
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May 25, 2021 Six-Year Financials. (Dollar amounts in millions, except per share data). 2020. 2019. 2018. 2017. 2016. 2015. Total Shareholder Return, or TSR (
by A Reichenberger Cited by 8 There were 94 million consumer units (CUs) in 1986. Of those sampled, 62 percent were homeowners, spending $28,172. ($56,049 in 2010 dollars)3 on average for
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