Consumer Spending 2009 – Where Does the Money Go?
(source: creditloan.com)
In 2009 the average household unit (consumer) spent $49,067 out of their annual household income of $62,857, before taxes. The average consumer owns 2.0 vehicles, and 66 percent of them are homeowners. Households average 2.5 people and 1.3 earners reside in each.
Top 3 expenditures of 2009
1. Housing – The Largest Expenditure
Average household spends 34.3 percent of the yearly budget on housing, or $16,896.
2. Transportation.
Between ground and air transportation, an average consumer spends 15.61 percent of their income on transportation, or $7,658.
3. Food.
We have to eat, and we spend a lot of money on food in America, 12.99 percent of $6,372 annually.
Remaining Expenditures:
Another large expenditure is insurance and pensions, they are important financial considerations and they cost the average consumer 11.15 percent of their annual budget, or $5,471 per year.
The average consumer spends 6.37 percent of the budget on healthcare, that’s $3,126 each year.
Entertainment expenditures add up to 5.49 percent or $2,693 per year. This expenditure includes four categories: fees and admissions; televisions, radios, and sound equipment; pets, toys and playground equipment; and other entertainment supplies, equipment, and services.
Clothing expenditures add up to 3.52 percent, or $1,725 per year.
Other expenditures include a yearly average of 10.45 percent or $5,127 and include among other things education expenses. tobacco supplies and alcoholic drinks.
