Average annual expenditures for all consumer units(1) in 2021 were $66,928, a 9.1 percent increase from 2020, the U.S. Bureau of Labor Statistics reported today. During the same period, the Consumer Price Index (CPI-U) rose 4.7 percent, and average income before taxes increased 3.7 percent.  Overall, housing accounted for the highest share (33.8 percent), followed by transportation (16.4 percent), food (12.4 percent), and personal ...

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The increase in current-dollar personal income in July primarily reflected an increase in compensation that was partly offset by decreases in proprietors' income, personal current transfer receipts, and rental income of persons. The increase in compensation was led by private wages and salaries. The decrease in proprietors' income was ...

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