Pension expenditures drop for all except highest income group
August 10, 1999
The share of consumer spending allocated to pensions was lower in 1996 than in 1986 for all income groups except the highest.
Of the five income groups shown in the chart, four reduced the percentage of their expenditures that went to pensions. The lowest income group reduced its expenditures on pensions the most—by 0.5 percentage point from 1986 to 1996. In contrast, the highest income group increased the share of its expenditures allocated to pensions from 4.4 percent to 5.0 percent.
Overall, the percentage of total expenditures contributed to pensions fell slightly, from 2.4 percent in 1986 to 2.3 percent in 1996. The average expenditure on pensions (in 1996 dollars) fell from $834 in 1986 to $784 in 1996.
These data are a product of the BLS Consumer Expenditure Survey program. Additional information is available from "Consumer Expenditure Survey: Quarterly Data from the Interview Survey, Second Quarter 1997: Recent Changes in Pension Expenditures," BLS Report 931.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Pension expenditures drop for all except highest income group on the Internet at http://www.bls.gov/opub/ted/1999/aug/wk2/art02.htm (visited May 26, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.