Personal care products and services increased 12.3 percent in 2022, which follows the large increase of 19.3 percent from 2021. With this 10.9-percent growth in apparel and services, spending has surpassedĢ019 levels, before the COVID-19 pandemic. All major components of apparel and servicesĮxhibited increases, the largest being an 18.8-percent increase in footwear. Spending on apparel and services increased 10.9 percent in 2022, after an increase of 22.3 percent in 2021. Increase in other cash gifts.(2) Cash contributions includes cash contributed to persons or organizations outside the consumer unit, including alimony andĬhild support payments care of students away from home and contributions to religious, educational, charitable, or political organizations. This increase in 2022 was driven by a 36.3-percent Spending on cash contributions increased 14.1 percent in 2022, after a 5.8-percent increase in 2021. Although there was a 27.4-percent increase on fees and admissions, this was offset Playground equipment also decreased from 2021 to 2022 (-16.1 percent). This decrease was driven by a 24.5-percentĭecrease in other entertainment supplies, equipment, and services expenditures, which contrasts with the 60.6-percent increase in 2021. Entertainment expenditures decreased 3.1 percent in 2022, after exhibiting an increase of 22.7 percent in 2021. At the same time, spending on life and other personal insurance increased by 9.7 percent. Within contributions to pensions and Social Security, there was a 28.8-percent increase inĮxpenditures on non-payroll deposits to retirement plans. Increase in contributions to pensions and Social Security.
Personal insurance and pensions spending increased 11.0 percent in 2022, after increasing 8.7 percent in 2021. Expenditures for food away from home in 2022 exceededĢ019 levels, marking the first time since the onset of the COVID-19 pandemic that this has happened. Spending, up 20.1 percent, accompanied by an increase in food at home spending, up 8.4 percent. The increase was driven by food away from home Spending on food increased 12.7 percent in 2022, compared to an increase of 13.4 percent in 2021. Vehicle purchases (net outlay) includes the purchase price minus trade-in value on new and used domestic and imported carsĪnd trucks and other vehicles, such as motorcycles.
A net outlay is commonly referred to as the total A net outlay is definedĪs the household's total payment or purchase amount of a good or service minus any reimbursements. This increase was driven by the componentĬategory public and other transportation spending (+86.9 percent), followed by a 45.3-percent increase in gasoline, other fuels, and motor oil.Īverage expenditures for vehicle purchases (net outlay) were down 6.9 percent in 2022, after a 6.7-percent increase in 2021. Transportation expenditures increased 12.2 percent in 2022, after an increase of 11.6 percent in 2021. Largest housing-related spending increase in all major components of housing was in other lodging, up 30.9 percent, due largely in part to aģ8.6-percent increase in lodging on out of town trips.
(For more information on how owned dwellings is defined see the methodology section). Increased by 6.5 percent and 8.4 percent, respectively.
Expenditures on both rented dwellings and owned dwellings Housing expenditures increased 7.4 percent in 2022, after a 5.6-percent increase in 2021. The only major component to decrease from 2021 to 2022 was entertainment (-3.1 percent). Largest increase was in food (+12.7 percent), followed closely by a 12.3-percent rise in personal care products and services spending, and a 12.2-percent Remaining categories contributed less than 5.0 percent of total expenditures.Īmong the 14 major components of household spending, the largest percent increase in expenditures was in cash contributions (+14.1 percent). Overall, housing accounted for the largest share (33.3 percent),įollowed by transportation (16.8 percent), food (12.8 percent), personal insurance and pensions (12.0 percent), and healthcare (8.0 percent). The average annual expenditures for 2022 were broken down into 14 major components (table B). (See table A.) During the same period, the Consumer Price Index for All Urban Consumers (CPI-U) rose 8.0 percent, and average income Technical information: (202) 691-6900 * * Media contact: (202) 691-5902 * EXPENDITURES-2022Īverage annual expenditures for all consumer units(1) in 2022 were $72,967, a 9.0-percent increase from 2021, the U.S.
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