Posts Tagged ‘U.S.’

What is the amount of money consumers spend in a year in the U.S.? In Trillions?

Question by ckw0058: What is the amount of money consumers spend in a year in the U.S.? In Trillions?

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Best answer:

Answer by BasudebSensEconomics
one can get some broad estimates of magnitude of US Consumer spending.
Consumer Expenditure Summary Report
Consumer Expenditure Totals (Average Household Annual Expenditures)
2006 Estimate
Total Households 130,262
Total Avg Household Expenditure $ 52,410
So, total annual consumer expenditure in 2006 was
130,262* $ 52,410 = $ 6.8 trillion.
If we are looking for totap personal expenditure, the official statistics is as follows:
Line 2005 2006 2007 (in billion $ )
1 Personal consumption expenditures 8,707.8 9,224.5 9,732.0
2 Durable goods 1,023.9 1,048.9 1,079.6
3 Motor vehicles and parts 444.9 434.2 441.3
4 Furniture and household equipment 378.2 404.1 416.9
5 Other 200.7 210.6 221.4
6 Nondurable goods 2,516.2 2,688.0 2,833.0
7 Food 1,183.8 1,259.3 1,336.6
8 Clothing and shoes 341.7 357.2 370.9
9 Gasoline, fuel oil, and other
energy goods 301.8 340.1 363.0
10 Gasoline and oil 280.7 318.6 337.9
11 Fuel oil and coal 21.1 21.6 25.1
12 Other 688.8 731.4 762.5
13 Services 5,167.8 5,487.6 5,819.4
14 Housing 1,298.7 1,381.3 1,466.2
15 Household operation 481.0 501.6 528.6
16 Electricity and gas 198.7 209.8 224.5
17 Other household operation 282.3 291.8 304.2
18 Transportation 324.2 340.6 358.3
19 Medical care 1,492.6 1,587.7 1,687.4
20 Recreation 358.8 381.0 401.7
21 Other 1,212.4 1,295.3 1,377.3
Addenda:
22 Energy goods and services 1 500.6 550.0 587.5
23 Personal consumption expenditures
excluding food and energy 7,023.4 7,415.3 7,808.0

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Question by Barney the Gerbil: U.S. Jobless Claims Rise More Than Forecast?
Is it pretty clear by now that Obama couldn’t run a lemonade stand?

http://www.bloomberg.com/news/2012-01-12/first-time-jobless-claims-in-u-s-increased-more-than-forecast-last-week.html

Best answer:

Answer by DontMakeMeComeBackThere
Never been a question in MY mind. You can’t run a lemonade stand when you are giving all the lemonade away.

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