Breakdown of Consumer Expenditures by Catergory in 2023

The average yearly spending per consumer unit, the expenses shared by a household or group of individuals, was $77, 280 in 2023 according to the U.S. Bureau of Labor Statistics (BLS) Consumer Expenditures Surveys. Personal care products and services were among the largest percent increases in expenditures from 2022-2023. Education expenditures increased by 24 percent, miscellaneous expenditures increased by 17.3 percent, and finally, personal care products and services spending increased by 9.7 percent.