Publication Date

11-1998

Abstract

[Excerpt] Although, less than 6 percent of the Nation’s consumer units (CUs) had annual incomes of more than $90,000 in 1994-95, these households accounted for over 14 percent of total annual spending. High income households spent about $405 billion of the $2.8 trillion total outlays of complete income reporter households.

These high-income households, on average, spent more than other households (see table), and they allocated their expenditures differently (see chart). Households with annual incomes of more than $90,000, allocated larger shares to food away from home; housing operations, supplies and furnishings; personal insurance and pensions; cash contributions; entertainment; and apparel and services. Households with lower annual incomes allocated larger shares to food at home, shelter and utilities, transportation, and health care.

Comments

Suggested Citation
Bureau of Labor Statistics. (1998). Spending patterns of high-income households. Issues in Labor Statistics (Summary 98-10). Washington, DC: Author.

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