Tuesday, September 27, 2011

Household Spending Down 8 Percent Since Peak

The average household spent $48,109 in 2010, according to the Consumer Expenditure Survey. This is 8 percent less than the $52,349 (in 2010 dollars) spent by the average household in 2006, the year household spending peaked. In dollar terms, the decline in spending since 2006 exceeds $4,000 per household.

Perhaps even more worrisome, the average household spent $67 less in 2010 than in 2000, after adjusting for inflation.

Source: Bureau of Labor Statistics, Consumer Expenditure Survey

No comments: