Wednesday, September 07, 2016

Spending by Race and Hispanic Origin, 2015

Regardless of race or Hispanic origin, households spent more in 2015 than in 2014 after adjusting for inflation. The 2014–15 rise in average household spending was almost identical for Blacks, Hispanics, and non-Hispanic Whites (4.5 to 4.6 percent), while the increase for Asians was more muted (1.3 percent).

Average household spending is still below the 2006 peak, but Blacks and non-Hispanic Whites have almost closed the gap...

Average household spending in 2015 (and % change 2006–15; in 2015 dollars)
Average household: $55,978 (–1.6%)
Asian households: $63,672 (–5.9%)
Black households: $40,372 (–0.7%)
Hispanic households: $47,663 (–5.8%)
Non-Hispanic White households: $60,072 (–0.5%)

Source: Demo Memo analysis of Bureau of Labor Statistics, Consumer Expenditure Survey

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