Wednesday, May 18, 2011

How Much Do Young Adults Spend?

If you want to know, then check out this new report by the Bureau of Labor Statistics. In "Do two live as cheaply as one? Evidence from the Consumer Expenditure Survey," BLS researchers examine the per capita spending of singles and married couples in their twenties on a variety of products and services. The best part is, the researchers have analyzed spending by detailed age group: ages 21 to 23, ages 24 to 26, and ages 27 to 29.

How much do 21-to-23-year-old singles spend on alcohol? Answer: $622 annually in 2008-09. Those aged 24 to 26 spent $546, and singles aged 27 to 29 spent $635. On a per capita basis, their married counterparts spent far less.

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