• U.S. Consumer Expenditures — 2014

Average expenditures per consumer unit in 2014 were $53,495, a 4.7-percent increase from 2013 levels. During the same period, the Consumer Price Index (CPI-U) rose 1.6 percent. In 2013, spending decreased 0.7 percent. Average pre-tax income per consumer unit increased at about the same pace as expenditures, up 4.8 percent from 2013.

Consumer units include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share expenses.

Most major components of household spending increased in 2014, as shown in table A. Many of the categories with large percentage increases in expenditures rebounded from declines in spending in 2013. The rise in healthcare expenditures was one of the largest increases among the major components.

Please visit this link to read the full report: USDOL-BLS

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.

© 2015 Connecticut Human Resource Reports, LLC

URL: http://connecticuthumanresources.blogspot.com/

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• U.S. Consumer Expenditures – July 2013

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Average annual expenditures per household in 2012 were above $50,000 for the first time since 2008. The 3.5-percent increase in spending from 2011 to 2012 outpaced the 2.1-percent increase in prices during the same time period. See the complete report at this link: USDOL-BLS

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