Consumer expenditures rise at highest rate since 1989
October 16, 1998
Average annual expenditures per consumer unit rose 4.8 percent in 1996, the largest increase since 1989. Expenditures had risen 1.7 percent in 1995 and 3.4 percent in 1994. The 4.8-percent increase in expenditures from 1995 to 1996 was larger than the 3.0 percent rise in the annual average Consumer Price Index over the same period.
The 13.8-percent increase for expenditures on entertainment was the highest, and far exceeded the 2.9-percent increase for entertainment expenditures reported in 1995. Consumer units spent an average of $1,834 on entertainment expenses in 1996.
The next largest increases were in expenditures for transportation (6.1 percent) and for food (4.3 percent). The transportation increase was driven by a 6.7-percent rise in consumer expenditures for vehicle purchases (specifically used cars and trucks), while increased spending on food away from home (7.1 percent) fed the rise in food expenditures.
These data are a product of the BLS Consumer Expenditure Survey. For detailed data, see Consumer Expenditure Survey: Standard Bulletin Tables. For a summary of 1996 consumer expenditures, see news release USDL 98-415, Consumer Expenditures in 1996.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer expenditures rise at highest rate since 1989 on the Internet at https://www.bls.gov/opub/ted/1998/oct/wk2/art04.htm (visited January 24, 2017).
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.