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).
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- UMMC reaching out after death of high school football player
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Report: Mississippi has worst child poverty rate in U.S.
- UPDATED: Jackson agrees to repay HUD $1.5 million for Farish Street blunders
- Fitch gives Mississippi Power a negative outlook due to Kemper plant