29 Eye-Opening American Spending Habits Statistics …

As the American economy grows, consumers’ spending habits diversify. One of the most important takeaways from this overview is that consumer staples don’t change—housing, food, transportation, an… See more

CouponFollow Extension

29%
OFF

54 Eye-opening Personal Finance Statistics And Facts In 2025

2 weeks from now

1 day ago · However, the NEFE 4 0 did reveal 29% of Americans feel confident about their ability to pay down debt in the next year. 11. According to Gallup 41, 41% of Americans cited inflation …

moneywise.com

16%
OFF

A Foolish Take: How Americans Spend Their Money - USA TODAY

2 weeks from now

Sep 30, 2017 · Next up is transportation, at 16% of the average American's annual spending. Food, healthcare, and utilities round out the top five, at 14%, 8%, and 7%, respectively. …

usatoday.com

3%
OFF

The American Consumer’s Surprising Strength - Forbes

2 weeks from now

Nov 1, 2024 · Lower income households are under more pressure. Their spending has still risen since 2018, middle income up 13.3% and lower income by 7.9%, but the spending growth lags …

forbes.com

20%
OFF

30+ Wallet-Draining Consumer Spending Statistics

2 weeks from now

Feb 25, 2022 · 10. As per consumer spending statistics from 2020, Americans increased their spending on groceries (20%) and household supplies (3%) as a direct response to COVID-19. …

capitalcounselor.com

$64
OFF

20 Revealing Luxury Shopping Statistics You Need To Know In 2024

2 weeks from now

Feb 16, 2024 · 4. According to statistics on luxury spending by country, the US is in the lead. (Statista) Americans spent $64.8 billion on luxury items in 2020, putting the US ahead of China …

savemycent.com

30%
OFF

Intriguing Coupon Statistics: How Many People Use Coupons In …

2 weeks from now

Feb 16, 2024 · According to coupon industry statistics, a vast 30% of them say that they always use coupons, compared to just 19% of the general population. ... 29 Eye-Opening American …

savemycent.com

FAQs about 29 Eye-Opening American Spending Habits Statistics … Coupon?

What do spending habits tell us about consumers?

Spending habits always entail a certain pattern that repeats among different groups of consumers but is also contextual. It tells us more about what consumers want and what they’re accustomed to. In our review of the latest American spending habits statistics, we’re bringing you some eye-opening information. ...

How much money do Americans spend a year?

1. On average, an American citizen spends $61,334 per year. (Oberlo, CNBC) This translates to approximately $5,111 per month. Moreover, average American spending per year has seen a constant increase since 2017. From 2017 to 2020, spending increased by 2.1%. However, it’s interesting to note that personal income increased a lot faster. ...

How much do Americans spend a year in 2022?

Consumer spending, on whole, is more than $13 trillion, making up around 70% of the American GDP. In 2022, the average expenditure per American was $72,967. In 2022, the average expenditure per American increased 9% year-over-year from 2021. ...

How much do Americans spend on food a year?

Visual Capitalist analyzed US consumers’ spending habits in the last 75 years and came up with interesting findings. Food spending has gone through some changes. Historical American consumerism statistics reveal that Americans spent approximately $8,311 per year on food, compared to the current $6,759. ...

How much did consumers spend in 2022?

In 2022, the average annual expenditures for all consumer units in the United States increased by 9%, reaching $72,967, according to the U.S. Bureau of Labor Statistics. During the same period, the Consumer Price Index (CPI) for all urban consumers by 8% and average income before taxes grew by 7.5%. ...

Could consumer spending surprise the upside?

In fact, we believe there’s a possibility consumer spending could surprise to the upside. Wealthier Americans with lower debt-to-income ratios are positioned well to sustain or increase their spending patterns. This group is responsible for a majority of American discretionary spending. ...