Tuesday, October 12, 2010

CONSUMER EXPENDITURES--2009

Source: Bureau of Labor Statistics

Average annual expenditures per consumer unit(1) fell 2.8 percent in 2009 following an increase of 1.7 percent in 2008, according to results from the Consumer Expenditure Survey (CE) released by the U.S. Bureau of Labor Statistics. The spending decrease was larger than the 0.4-percent decrease in prices from 2008 to 2009 as measured by the average annual change in the Consumer Price Index (CPI-U). This was the first time there has been a drop in spending from the previous year since the CE began publishing integrated data in 1984 from the Diary and Interview components of the CE.	

Spending on housing and transportation fell 1.3 percent and 11.0 percent,respectively, contributing to the overall drop in spending in 2009. Healthcare expenditures rose 5.0 percent, the only increase among the major components of spending. Among the other major components, food dropped 1.1 percent, apparel fell 4.2 percent, entertainment dropped 5.0 percent, and personal insurance and pensions fell 2.4 percent.

Table A. Average annual expenditures and characteristics of all consumer units
and percent changes, Consumer Expenditure Survey, 2007-2009
_____________________________________________________________________________
Percent change
Item 2007 2008 2009 2007-2008 2008-2009
-----------------------------------------------------------------------------
Number of consumer
units (000’s) 120,171 120,770 120,847

Income before taxes $63,091 $63,563 $62,857 0.7 -1.1

Average age of
reference person 48.8 49.1 49.4

Average number in
consumer unit:
Persons 2.5 2.5 2.5
Earners 1.3 1.3 1.3
Vehicles 1.9 2.0 2.0
Percent homeowner 67 66 66

Average annual
expenditures $49,638 $50,486 $49,067 1.7 -2.8
Food 6,133 6,443 6,372 5.1 -1.1
At home 3,465 3,744 3,753 8.1 0.2
Away from home 2,668 2,698 2,619 1.1 -2.9
Housing 16,920 17,109 16,895 1.1 -1.3
Apparel and services 1,881 1,801 1,725 -4.3 -4.2
Transportation 8,758 8,604 7,658 -1.8 -11.0
Healthcare 2,853 2,976 3,126 4.3 5.0
Entertainment 2,698 2,835 2,693 5.1 -5.0
Personal insurance
and pensions 5,336 5,605 5,471 5.0 -2.4
All other expenditures 5,059 5,113 5,127 1.0 0.3
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