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  8. Spending Patterns of High-income Households

Spending Patterns of High-income Households

File(s)
Spending_Patterns.pdf (71.51 KB)
Permanent Link(s)
https://hdl.handle.net/1813/78949
Collections
Federal Publications
Author
Bureau of Labor Statistics
Abstract

[Excerpt] Although, less than 6 percent of the Nation’s consumer units (CUs) had annual incomes of more than $90,000 in 1994-95, these households accounted for over 14 percent of total annual spending. High income households spent about $405 billion of the $2.8 trillion total outlays of complete income reporter households. These high-income households, on average, spent more than other households (see table), and they allocated their expenditures differently (see chart). Households with annual incomes of more than $90,000, allocated larger shares to food away from home; housing operations, supplies and furnishings; personal insurance and pensions; cash contributions; entertainment; and apparel and services. Households with lower annual incomes allocated larger shares to food at home, shelter and utilities, transportation, and health care.

Date Issued
1998-11-01
Keywords
spending
•
trends
•
expenditure
•
high income
•
households
Type
government record

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