Thursday, September 10, 2015

Spending by Race and Hispanic Origin in 2014

The average household spent $53,495 in 2014—3 percent more than in 2013, after adjusting for inflation. Despite the increase, average household spending was still 5.9 percent below the $56,833 of 2006, the year household spending peaked. Every race and Hispanic origin group spent more in 2014 than in 2013, but less than in 2006. Here is average household spending in 2014 by race and Hispanic origin of householder and the percent change in spending between 2013-14 and 2006-14 (in 2014 dollars)...  

Asian: $62,784

2013-14: +4.3%
2006-14: -7.1% 

Black: $38,543

2013-14: +2.3%
2006-14: -5.1% 

Hispanic: $45,561

2013-14: +6.9%
2006-14: -9.9%

Non-Hispanic White: $57,403

2013-14: +2.8%
2006-14: -4.8%     

Source: Bureau of Labor Statistics, Consumer Expenditure Survey

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