Friday, March 20, 2015

Consumer spending by age group in 2013

Housing was the largest spending category among all households in 2013. Consumers ages 25 to 34 had the highest share of spending on housing (35.8 percent). Consumers ages 45 to 54 had the lowest share (31.4 percent).

In 2013, consumers under age 25 had the highest share of overall spending on food away from home, at 6.9 percent. This age group also had the highest shares of total spending on education (6.8 percent), apparel and services (5.0 percent), and alcoholic beverages (1.2 percent).

Consumers age 65 and older spent a higher share on healthcare, 12.2 percent of total spending, than other age groups. Consumers ages 55 to 64 had the next-highest healthcare share (7.8 percent), followed by those ages 45 to 54 (6.3 percent).

More from the BLS.

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