Wednesday, August 31, 2016

Big Boost in Spending in 2015

The average household spent $55,978 in 2015, according to the Consumer Expenditure Survey, a substantial 4.5 percent more than in 2014 after adjusting for inflation. Spending in 2015 was still 1.6 percent below the peak-spending year of 2006, but the gap is closing. Every age group gained ground in 2015. For households headed by 45-to-54-year-olds and people aged 65-plus, spending has never been higher...

Average household spending in 2015 (% change since peak-spending year of 2006, in 2015$)
Average household: $55,978 (–1.6%)
Under age 25: $32,797 (–1.0%)
Aged 25 to 34: $52,062 (–6.9%)
Aged 35 to 44: $65,334 (–3.3%)
Aged 45 to 54: $69,753 (+3.1%)
Aged 55 to 64: $58,781 (–1.6%)
Aged 65-plus: $44,664 (+8.4%)

Source: Bureau of Labor Statistics, Consumer Expenditure Survey

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