Consumer Expenditures in 2013
Bureau of Labor Statistics
[Excerpt] Consumer spending in 2013 decreased 0.7 percent from 2012, based on annual data from the Consumer Expenditure Survey (CE). This decrease follows 2 years of increasing expenditures. Consumer units’ (CUs) average annual expenditures decreased from $51,442 in 2012 to $51,100 in 2013. Along with the decrease in expenditures in 2013, there was also a decline in income from 2012 to 2013. Average annual income before taxes decreased 2.8 percent from $65,596 in 2012 to $63,784 in 2013. In contrast, average pretax income rose 3.0 percent from 2011 to 2012. Prices, as measured by the average annual change in the Consumer Price Index for All Urban Consumers (CPI-U, U.S. city average, all items) rose 1.5 percent in 2013, compared with the 0.7-percent decrease in spending. In 2012, prices increased 2.1 percent, which was below the 3.5-percent increase in spending that year. This report highlights consumer spending patterns for 2013 from the CE.
consumers; spending; households; Consumer Price Index; CPI; Consumer Expenditure Survey; CES