Consumer expenditures rise modestly in 1998
March 28, 2000
Consumer units spent $35,535 on average in 1998, an increase of 2.1 percent over the previous year.
The 1998 increase was more moderate than either the 3.0-percent increase in 1997 or the 4.8-percent increase in 1998. The change in expenditures was slightly larger than the 1.6 percent annual average rise in general price levels over this period as measured by the Consumer Price Index.
Changes in the major components of spending varied in 1998. Expenditures on personal insurance and pensions rose 4.9 percent, while housing expenditures increased 3.9 percent and health care expenditures were up 3.4 percent. Transportation expenditures moved up 2.5 percent and food expenditures rose by just 0.2 percent. Spending on entertainment and apparel decreased in 1998, by 3.7 percent and 3.2 percent, respectively.
These data come from the Consumer Expenditure Survey. Find out more in "Consumer Expenditures in 1998," BLS Report 940.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer expenditures rise modestly in 1998 on the Internet at http://www.bls.gov/opub/ted/2000/mar/wk4/art02.htm (visited December 04, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.