Monday, September 15, 2014

Spending Trends by Region, 2006 to 2013

The Northeast is the only region in which average household spending in 2013 exceeded spending in 2006 (the peak spending year, nationally), after adjusting for inflation.

Average household spending in 2013 (and percent change since 2006; in 2013 dollars)
Total households: $51,100 (-8.6%)
Northeast: $57,027 (+0.4%)
Midwest: $50,527 (-3.1%)
South: $45,956 (-10.6%)
West: $55,460 (-16.5%)

Households in the Northeast are now the biggest spenders. At the other extreme, households in the South spend the least and are losing ground. In dollar terms, the household spending gap between the Northeast and South has more than doubled, rising from $5,388 in 2006 to $11,071 in 2013.

Source: Bureau of Labor Statistics, Consumer Expenditure Surveys

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