New Mid-Year Spending Data

Here's something new: mid-year updates of household spending!

The Bureau of Labor Statistics has released the first of what will be annual mid-year updates of household spending by a variety of demographic characteristics. The latest numbers, for the 12-month period from July 2011 through June 2012, show average annual household spending at $50,631. A rough adjustment for inflation shows that average household spending has been stable for the past couple of years. Good news.

Source: Bureau of Labor Statistics, Consumer Expenditure Survey (CE) New Midyear Data Tables