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PRICES & SPENDING   •  Feb 2022  •  Volume 8 / Number 12
How does consumer spending differ among households in California, Texas, and New York? A new BLS data product can tell us

How does consumer spending differ among households in California, Texas, and New York? A new BLS data product can tell us

For the first time, Bureau of Labor Statistics (BLS) data users can now explore consumer spending by state. This Beyond the Numbers article shows some ways that new CE information can be used. By focusing on the 2017 state expenditure profiles for California, Texas, and New York, we will explore how expenditure patterns differ among the households of these states.

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How do United States consumer expenditures compare with the United Kingdom and Japan?

In 2014, U.S. consumers spent almost 19 percent of every dollar on transportation, which is 87 percent higher than what Japan spent. U.S. households also spent about 9 percent on out-of-pocket healthcare expenditures, which was 5 times higher than the U.K. Expenditure shares are the percentages of total expenditures allotted to each spending category. Japan’s share of food expenditures was the highest among the other two countries. The United States had increases in expenditures shares of transportation and healthcare.


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In the money: occupational projections for the financial industry

The financial industry facilitates consumption, borrowing, investment, and risk management throughout the economy. Occupations that are heavily employed in the financial industry vary from managers who plan and direct the work of others, to financial specialists who analyze data and recommend investment decisions, to clerical workers who carry out day-to-day operational tasks. This Beyond the Numbers article highlights a few occupations with substantial employment in the financial industry that are affected by the economic factors mentioned above.