2016 – Midyear Update Consumer Expenditures Surveys — 2017-04-19

Average expenditures per consumer unit(1) for July 2015 through June 2016 were up 2.3 percent compared with the July 2014 through June 2015 midyear average, the U.S. Bureau of Labor Statistics reported today. Average incomes also increased, up 6.3 percent. Most major components of household spending increased over the 12 months ending June 2016. (See table A.) The 8.3-percent rise in personal insurance and pensions spending was the largest percentage increase among all major components, followed by a 4.5-percent rise in both food and entertainment. Table A. Average expenditures and income of all consumer units _____________________________________________________________________________ Percent change July 2014- July 2015- July 2014 - June 2015 Item June 2015- June 2016- to Average Average July 2015 - June 2016 --------------------------------------- ---------- --------------------- Income before taxes $68,662 $72,990 6.3 Average annual expenditures 54,992 56,258 2.3 Food 6,887 7,196 4.5 Food at home 3,983 4,101 3.0 Food away from home 2,904 3,095 6.6 Housing 18,128 18,495 2.0 Apparel and services