The Consumer Spending Of American Households Before The Pandemic
And here's the list of major categories of consumer expenditures whose share has declined over the 36 years for which the data is available:
- Apparel and Other Products
- Food and Alcoholic Beverages
- Transportation
- Entertainment
Next year's data will be fascinating since almost all of 2020's data will have been affected by the impact of the coronavirus pandemic. We'll have to wait until sometime in September 2021 to get complete data for 2020, but we may get a preliminary glimpse from interim Consumer Expenditure Survey results earlier in 2021.
References
U.S. Bureau of Labor Statistics. Consumer Expenditure Survey. Multiyear Tables. [PDF Documents: 1984-1991, 1992-1999, 2000-2005, 2006-2012, 2013-2019]. Reference URL: http://www.bls.gov/cex/csxmulti.htm. 9 September 2020.
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