Tuesday, September 25, 2012

Household Spending Stable in 2011

The average household spent $49,705 in 2011, according to the Consumer Expenditure Survey. The good news is that household spending has stabilized, rising by a scant 0.16 percent between 2010 and 2011 after adjusting for inflation--an increase of $77. This stability is welcome after two years of sharp declines. The bad news is that household spending remains well below the $54,001 peak of 2006 and is only $8 more than the $49,697 of 2000.

Average annual household spending (in 2011 dollars)
2011: $49,705
2010: $49,628
2009: $51,446
2008: $52,746
2007: $52,044
2006: $54,001 (peak year)
2005: $53,452
2004: $51,674
2003: $49,899
2002: $50,861
2001: $50,193
2000: $49,697

Source: Bureau of Labor Statistics, Consumer Expenditure Surveys

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