Average Expenditures Per Consumer Unit For July 2013 Through June 2014 Were Up A Modest 1.0 Percent

April 2nd, 2015
in econ_news

from the Bureau of Labor Statistics

Average expenditures per consumer unit for July 2013 through June 2014 were up a modest 1.0 percent compared with the July 2012 through June 2013 midyear average were reported today. Average incomes fell for a second year, showing a decrease of 0.9 percent. [Editor's note: it is always interesting to note the differences between BLS, BEA, and US Census data sets - the BEA says the average real personal consumption expenditure per capita was up 1.6% in this same period, whilst real disposable personal income per capita was up 1.4%.]

Follow up:

About half of the major components of household spending increased over the 12 months ending June 2014. (See table A.) The 11.3-percent rise in healthcare was the largest percentage increase among all major components. The subcomponent for health insurance expenditures increased by 20.1 percent primarily due to an improvement in the survey questionnaire. (See "Note on health insurance.")

[click on image below to continue reading]

Source: http://www.bls.gov/news.release/pdf/cesmy.pdf

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