Average monthly expenses for one person 2021

Conversely, Americans allocated the lowest proportion of their APTHI to reading materials (0.1%), tobacco and cigarettes (0.4%), and alcoholic beverages (0.6%).ДЄmericansвЂ™ average annual household expenditures have increased by a 2.30% CAGR from the end of 2014 until the end of 2020.ДЄmericansвЂ™ spending on cash contributions (4.16%), pensions/insurance (4.0%), and healthcare (3.18%) recorded the highest increases over the last six years. Conversely, AmericansвЂ™ expenditures on reading materials increased by 23.9% YoY, while spending on homemade meals increased by 6.4% YoY.ДЄmericans allocated the highest proportion of their average pre-tax household income (APTHI) to housing (25.4%), transportation (11.6%), and food (8.7%). However, will Americans household expenses likely increase in 2021? And how did the pandemic impact the BLSвЂ™ findings? Read on for more information.ДЄmericansвЂ™ average pre-tax income increased by 1.8% YoY in 2020, while AmericansвЂ™ average household expenditures decreased by 2.7% YoY.ДЄmericansвЂ™ expenditures at restaurants declined by 32.6% YoY in 2020, while alcoholic beverages fell by 17.4% YoY, clothing fell by 23.8% YoY, and public transportation plunged by 66.3% YoY. Bureau of Labor Statistics (BLS) latest Consumer Expenditures Survey shows that AmericansвЂ™ average pre-tax income increased by 1.8% YoY in 2020, while AmericansвЂ™ average household expenditures decreased by 2.7% YoY.

And while the metric declined year-over-year (YoY), AmericansвЂ™ average pre-tax household income increased to $84,352. The results are in, and AmericansвЂ™ average annual household expenditures totaled $61,334 in 2020. 3 Average Household Expenses in America 2022.2 Average Household Budget and Expenses in America 2022: Charts, Graph, Analysis.1 Average Household Budget and Expenses in America 2022: Statistics and Key Findings.

Average monthly expenses for one person 2021