Thursday, September 12, 2019

Average Household Spending Stalls in 2018

After reaching a record high last year, average household spending took a breather. The $61,224 average of 2018 was not statistically different from the 2017 figure. Spending plunged as low as $54,984 in 2013. Average household spending in 2018 was 11 percent higher than the 2013 low—an additional $6,200 of spending per year per household.

Average household spending, 2006 to 2018 (in 2018 dollars)
2018: $61,224 (not significantly different from 2017)
2017: $61,525 (record high)
2015: $59,304
2013: $54,984 (post-Great Recession low)
2010: $55,402
2006: $60,285 (previous record high)

Source: Bureau of Labor Statistics, 2018 Consumer Expenditure Survey

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