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In 2022, the lowest 20 percent of income consumer units spent about 41 percent of their total expenditure on housing. Consumer units belonging to the highest 20 percent of income spent only 30.2 percent on housing. Additionally, those in the highest income quintile spent 17.4 percent of their total expenditure on personal insurance and pensions, while the lowest 20 percent spent only 1.9 percent.
Share of average annual consumer expenditure on major categories in the United States in 2022, by income quintiles
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Bureau of Labor Statistics. (September 8, 2023). Share of average annual consumer expenditure on major categories in the United States in 2022, by income quintiles [Graph]. In Statista. Retrieved May 30, 2024, from https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/
Bureau of Labor Statistics. "Share of average annual consumer expenditure on major categories in the United States in 2022, by income quintiles." Chart. September 8, 2023. Statista. Accessed May 30, 2024. https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/
Bureau of Labor Statistics. (2023). Share of average annual consumer expenditure on major categories in the United States in 2022, by income quintiles. Statista. Statista Inc.. Accessed: May 30, 2024. https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/
Bureau of Labor Statistics. "Share of Average Annual Consumer Expenditure on Major Categories in The United States in 2022, by Income Quintiles." Statista, Statista Inc., 8 Sep 2023, https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/
Bureau of Labor Statistics, Share of average annual consumer expenditure on major categories in the United States in 2022, by income quintiles Statista, https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/ (last visited May 30, 2024)
Share of average annual consumer expenditure on major categories in the United States in 2022, by income quintiles [Graph], Bureau of Labor Statistics, September 8, 2023. [Online]. Available: https://www.statista.com/statistics/247420/percentage-of-annual-us-consumer-spending-by-income-quintiles/