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 https://www.bls.gov/opub/ted/2011/ted_20110929.htm (visited January 22, 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.