October 29, 2007
Average annual expenditures per consumer unit, which is similar to a household, rose 4.3 percent in 2006, following an increase of 6.9 percent in 2005.
The increase in expenditures from 2005 to 2006 was larger than the 3.2-percent rise in the annual average Consumer Price Index (CPI) over this period.
Increases in spending on housing (7.9 percent), the largest component of spending, and on food (3.0 percent), contributed to the overall increase in 2006. Among the other major components, spending increased for healthcare (3.8 percent), transportation (2.0 percent), and personal insurance and pensions (1.3 percent), while spending decreased for apparel and services (-0.6 percent) and entertainment (-0.5 percent).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer expenditures in 2006 on the Internet at http://www.bls.gov/opub/ted/2007/oct/wk5/art01.htm (visited May 01, 2016).
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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.