What We're Showing
This graphic shows the average annual expenditures of Americans, based on data from the Bureau of Labor Statistics Consumer Expenditures Survey 2023.
Key Takeaways
- Nearly half of American consumer spending goes toward housing and transportation, with vehicle purchases rising 23.2% between 2022 and 2023.
- Spending on food away from home outpaced food at home expenditures, increasing by 8.1% and 6.1%, respectively.
- Educational spending jumped 24% over the period, making it one of the fastest-rising categories overall.
