Within that category, vehicle purchases declined from 7.1 percent to 6.3 percent, comparable to 20 levels of 6.4 percent and 6.2 percent, respectively. The share for total transportation declined from 17.0 percent to 15.8 percent. Personal insurance and pensions rose from 11.3 percent to 11.9 percent of average annual expenditures. The most notable changes in expenditure shares between 20 were in personal insurance and pensions, and the transportation subcategories of vehicle purchases and gasoline and motor oil. Housing expenditures were followed by transportation (15.8 percent) and food expenditures (12.6 percent). As in previous years, housing was the largest component of overall expenditures, accounting for 33.0 percent of total expenditures in 2016. Expenditure shares usually do not fluctuate much in the short term and therefore are more useful for identifying spending trends over time. Table B details expenditure shares, or the percent distribution of total annual expenditures by major expenditure categories, for all CUs from 2013 to 2016. Average annual expenditures by major category of all consumer units and percent changes, Consumer Expenditure Survey, 2013–16 Item Although the number of long-term unemployed individuals (those without a job for 27 weeks or more) declined from 2.3 million in 2015 to 2.0 million in 2016, it was still higher than before the recession (1.2 million in 2007). Despite these declines, the unemployment rate still remained above the 4.6-percent rates seen in 20, before the recession. 3 This compares with average monthly unemployment rates of 6.2 percent in 2014 and 5.3 percent in 2015. In related economic developments, according to the Current Population Survey, the monthly unemployment rate fell from 4.9 percent in January 2016 to 4.7 percent in December 2016, with an average monthly rate of 4.9 percent. In contrast, expenditures on apparel and services and on transportation declined in 2016, by 2.3 and 4.8 percent, respectively. The most notable increase was in expenditures on cash contributions, which rose 14.4 percent, following a 2.5-percent decline in 2014 and a 1.7-percent increase in 2015. However, expenditures on healthcare and personal insurance and pensions rose more noticeably, with healthcare up 6.2 percent and personal insurance and pensions up 7.6 percent. Expenditures on food, housing, entertainment, and education rose only slightly, up between 1.1 and 2.6 percent. (See table A.) The majority of these increases were modest. Developments in 2016ĭuring 2016, spending increased for 7 of the 9 largest aggregated categories of expenditures tracked by CE: food, housing, healthcare, entertainment, education, cash contributions, and personal insurance and pensions. 2 In 2015, prices as measured by the CPI-U increased by 0.1 percent, compared with the 4.6-percent increase in spending. city average, all items, base period 1982–1984=100), rose by 1.3 percent in 2016, compared with the 2.4-percent increase in spending. Prices, as measured by the average annual change in the Consumer Price Index for All Urban Consumers (CPI-U, U.S. 1 Accompanying the 2016 increase in expenditures was an increase of 7.2 percent in average income before taxes from 2015 ($69,627) to 2016 ($74,664).
The average annual expenditures by CUs increased from $55,978 in 2015 to $57,311 in 2016. This follows an increase of 4.6 percent in 2015, previously recorded by the CE.
This report highlights spending patterns for 2016 from the CE, including a brief discussion of expenditure changes for the year, and provides a description of the CE survey.Ĭonsumer spending increased 2.4 percent in 2016, according to annual data from the CE. The tables show average expenditures, income, and characteristics for consumer units (CUs) classified by income before taxes by quintile, decile, and range age of the reference person size of the consumer unit composition of the consumer unit number of earners housing tenure (homeowner or renter) and type of area (urban or rural) region of residence occupation highest education level of any consumer unit member race Hispanic or Latino origin and the newest table, generation of reference person. This Consumer Expenditure Survey (CE) annual report presents integrated data from the 2016 Diary and Interview portions of the CE, including data tables. Subscribe to BLS Reports Consumer Expenditures in 2016
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