Thursday, September 27, 2012

Biggest Spenders Are Spending Less

Between 2010 and 2011, the average annual household spending of the nation's biggest spenders fell more than the spending of any other age group. Householders aged 45 to 54 spent $58,050 in 2011, nearly 3 percent less than they spent in 2010 after adjusting for inflation. Between 2006 (when overall household spending peaked) and 2011, the average annual spending of this age group fell 10 percent--a decline of more than $6,000.

Source: Bureau of Labor Statistics, Consumer Expenditure Surveys

No comments: