November 30, 2005
Average annual expenditures per consumer unit rose 6.3 percent in 2004, following increases of 0.3 percent in 2003 and 2.9 percent in 2002.
The increase in expenditures from 2003 to 2004 was more than the 2.7-percent rise in the annual average Consumer Price Index (CPI) over this period.
Changes in expenditures from 2003 to 2004 for the major components of spending were generally larger than a year earlier. Among the components, the 2004 increases for food (8.3 percent), housing (3.6 percent), apparel (10.7 percent), and healthcare (6.5 percent) were statistically significant.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer expenditures in 2004 on the Internet at http://www.bls.gov/opub/ted/2005/nov/wk4/art03.htm (visited November 26, 2015).
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.