Home » NEWS » Manufacturing » First Bundle survey looks at household spending

First Bundle survey looks at household spending

Bundle, the new social money comparison site, has released its first-ever annual consumer spending report, “How America Spends.” It includes a 50-state ranking of household budget behavior and a data analysis of trends by marital status/kids, income level and age.

The State of Mississippi’s residential household spending average is $27,740. That is 48th among the states, 49th when including the District of Columbia. The only states with a lower average are Montana ($27,032) and West Virginia ($24,517).

In the ranking of U.S. cities, Austin, Texas, residents are the biggest spenders, averaging $67,076 in overall household expenses over 2009 (excluding mortgage and rent, which are not included in Bundle’s breakdown). Austin’s annual spending is 77 percent higher than the national average of $37,782, according to Bundle’s new data.

The lowest-spending city in the U.S. is Detroit, where residents, hit hard by the recession, spent $16,446 on items including food and drink, shopping, gas, travel and entertainment.

For all 50 states, Connecticut residents lead the nation in spending ($57,331).

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Wally Northway

Leave a Reply

Your email address will not be published. Required fields are marked *

*