Overall consumer expenditures fall in 2010
September 29, 2011
Average annual expenditures per consumer unit fell 2.0 percent in 2010, following a decrease of 2.8 percent in 2009. While spending fell in 2010, prices for goods and services increased 1.6 percent from 2009 to 2010, as measured by the average annual change in the Consumer Price Index (CPI-U).
Contributing to an overall drop in spending from 2009 to 2010, spending on housing and transportation (the largest components of consumers' budgets) fell 3.8 percent and 2.0 percent, respectively.
Among the other major components for which spending decreased from 2009 to 2010, entertainment fell 7.0 percent, cash contributions dropped 5.2 percent, personal insurance and pensions decreased 1.8 percent, and apparel and services fell 1.4 percent.
From 2009 to 2010, healthcare (+1.0 percent) and transportation (+0.2 percent) were the only major components of spending to increase.
These data come from the Consumer Expenditure Survey. To learn more, see "Consumer Expenditures — 2010" (HTML) (PDF), news release USDL-11-1395. Consumer units include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share expenses.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Overall consumer expenditures fall in 2010 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20110929.htm (visited August 30, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
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.