Consumer Expenditures in 2011
| dc.contributor.author | Bureau of Labor Statistics | |
| dc.date.accessioned | 2020-11-25T15:42:03Z | |
| dc.date.available | 2020-11-25T15:42:03Z | |
| dc.date.issued | 2013-04-01 | |
| dc.description.abstract | [Excerpt] Consumer spending increased for the first time in three years based on 2011 data from the Consumer Expenditure Survey (CE). Consumer units’ (CUs) average annual expenditures increased from $48,109 in 2010 to $49,705 in 2011. This 3.3-percent rise followed a 4.8-percent drop from 2008 to 2010. Even with the increase, spending is still below the 2008 level of $50,486. The rise in expenditures in 2011 was due in part to a rise in incomes from 2010 to 2011 and the effect of inflation on prices paid by consumers. Average annual income before taxes increased 1.9 percent from $62,481 in 2010 to $63,685 in 2011. The average 2011 income was just $122 higher than the average income in 2008. 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 by 3.2 percent in 2011, just below the 3.3-percent increase in spending. In 2010, prices increased by just 1.6 percent. The remainder of this report highlights consumer spending patterns for 2011 from the CE. | |
| dc.description.legacydownloads | BLS_Consumer_Expenditures_in_2011.pdf: 27 downloads, before Oct. 1, 2020. | |
| dc.identifier.other | 9771929 | |
| dc.identifier.uri | https://hdl.handle.net/1813/78822 | |
| dc.language.iso | en_US | |
| dc.subject | consumers | |
| dc.subject | spending | |
| dc.subject | households | |
| dc.subject | Consumer Price Index | |
| dc.subject | CPI | |
| dc.subject | Consumer Expenditure Survey | |
| dc.subject | CES | |
| dc.title | Consumer Expenditures in 2011 | |
| dc.type | government record | |
| local.authorAffiliation | Bureau of Labor Statistics: True |
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