The Commerce Department reports that housing and utilities and health care accounted for almost one-third of the rise in consumer spending nationwide in 2014. This confirms fears that rising housing costs are at least partly squeezing out some discretionary spending. Across all states, spending on housing and utilities grew 4.1 percent in 2014, with North Dakota posting the biggest rise at 8 percent. Nationwide, spending was up 4.2 percent last year versus 3.1 percent in 2013.
Wednesday, April 6, 2016
Americans Spent More on Housing, Health Care Last Year
Source: Wall St. Journal
The Commerce Department reports that housing and utilities and health care accounted for almost one-third of the rise in consumer spending nationwide in 2014. This confirms fears that rising housing costs are at least partly squeezing out some discretionary spending. Across all states, spending on housing and utilities grew 4.1 percent in 2014, with North Dakota posting the biggest rise at 8 percent. Nationwide, spending was up 4.2 percent last year versus 3.1 percent in 2013.
The Commerce Department reports that housing and utilities and health care accounted for almost one-third of the rise in consumer spending nationwide in 2014. This confirms fears that rising housing costs are at least partly squeezing out some discretionary spending. Across all states, spending on housing and utilities grew 4.1 percent in 2014, with North Dakota posting the biggest rise at 8 percent. Nationwide, spending was up 4.2 percent last year versus 3.1 percent in 2013.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment