Professional Documents
Culture Documents
P R I C E S
A N D
S P E N D I N G
Related articles
More BLS articles and information related to
public assistance are available online at the
following links:
yy The job market for recent college graduates
in the United States, www.bls.gov/opub/
ted/2013/ted_20130405.htm
yy Educational attainment of women in the
labor force, 19702010, www.bls.gov/
opub/ted/2011/ted_20111229.htm
yy Back to College, www.bls.gov/spotlight/
2010/college/
www.bls.gov
BEYONDTHENUMBERS
P R I C E S
S P E N D I N G
Annual expenditures
A N D
www.bls.gov
BEYONDTHENUMBERS
P R I C E S
A N D
S P E N D I N G
Table 1
Highest education level of any member: Annual expenditure means and shares, 2012
Less than college graduate
Item
All
consumer
units
Total
College graduate
Total
Master's,
Bachelor's professional,
degree
doctoral
degree
76,789
61.7
10,571
8.5
26,601
21.4
25,793
20.7
13,825
11.1
47,626
38.3
28,069
22.6
19,557
15.7
$44,603
50.7
$25,159
56.2
$39,357
53.0
$48,224
47.5
$62,809
48.3
$99,444
48.9
$85,802
47.4
$119,023
51.1
2.4
.6
.4
1.2
1.7
2.2
.7
.5
.7
1.1
2.4
.6
.4
1.0
1.7
2.4
.6
.3
1.2
1.8
2.7
.7
.3
1.5
2.2
2.6
.6
.3
1.5
2.1
2.5
.6
.3
1.5
2.1
2.7
.6
.4
1.5
2.2
44
56
43
57
45
55
45
55
41
59
51
49
50
50
52
48
15
85
16
84
15
85
16
84
14
86
8
92
9
91
8
92
16
84
35
65
14
86
12
88
12
88
7
93
8
92
5
95
58
47
31
16
27
32
42
53
84
70
$39,107 $24,582
59
28
32
41
84
$34,786
56
33
23
44
86
$43,041
68
45
22
32
93
$50,836
74
51
23
26
93
$71,151
71
49
22
29
93
$63,135
79
54
25
21
94
$82,606
5,409
13.8
3,913
15.9
4,944
14.2
5,749
13.4
6,658
13.1
8,435
11.9
7,928
12.6
9,143
11.1
3,442
8.8
2,862
11.6
3,263
9.4
3,542
8.2
3,980
7.8
4,654
6.5
4,380
6.9
5,032
6.1
1,967
5.0
1,051
4.3
1,682
4.8
2,207
5.1
2,678
5.3
3,782
5.3
3,549
5.6
4,111
5.0
13,197
33.7
9,388
38.2
12,143
34.9
14,241
33.1
16,146
31.8
22,815
32.1
20,230
32.0
26,512
32.1
1,329
3.4
1,042
4.2
1,083
3.1
1,540
3.6
1,588
3.1
2,366
3.3
2,226
3.5
2,565
3.1
7,381
18.9
3,835
15.6
6,225
17.9
8,422
19.6
10,342
20.3
11,594
16.3
10,817
17.1
12,710
15.4
2,885
7.4
2,004
8.2
2,823
8.1
2,949
6.9
3,560
7.0
4,635
6.5
4,196
6.6
5,263
6.4
1,901
4.9
1,134
4.6
1,630
4.7
2,118
4.9
2,571
5.1
3,725
5.2
3,220
5.1
4,443
5.4
3,220
8.2
1,374
5.6
2,645
7.6
3,598
8.4
5,032
9.9
8,493
11.9
7,139
11.3
10,436
12.6
3784
9.7
1894
7.7
3293
9.5
4424
10.3
4937
9.7
9088
12.8
7379
11.7
11533
14.0
1. Includes cash contributions, alcohol, tobacco, personal care products and services, reading, education, life and personal insurance, and miscellaneous expenses.
SOURCE: U.S. Bureau of Labor Statistics, Consumer Expenditure Survey.
U.S. BUREAU OF LABOR STATISTICS | JANUARY 2014
www.bls.gov
BEYONDTHENUMBERS
P R I C E S
A N D
S P E N D I N G
Table 2
Education of reference person: Annual expenditure means and shares, 2012
Less than college graduate
Item
All
consumer
units
Total
85,178
68.5
College graduate
Total
Master's,
Bachelor's professional,
degree
doctoral
degree
16,246
13.1
31,022
24.9
25,623
20.6
12,287
9.9
39,238
31.5
24,798
19.9
14,440
11.6
$49,901 $33,154
50.7
54.6
$47,221
52.4
$55,987
47.5
$66,122
47.9
$99,667
48.6
$89,438
46.9
$117,233
51.4
2.5
.6
.4
1.2
1.8
2.7
.8
.5
1.0
1.4
2.5
.6
.4
1.2
1.9
2.4
.6
.3
1.3
1.9
2.6
.7
.3
1.5
2.2
2.4
.6
.3
1.4
2.0
2.4
.6
.2
1.4
2.0
2.5
.6
.4
1.4
2.1
44
56
44
56
46
54
45
55
40
60
51
49
51
49
52
48
15
85
15
85
14
86
14
86
15
85
8
92
8
92
8
92
16
84
35
65
12
88
10
90
10
90
6
94
7
93
4
96
60
51
33
21
27
30
40
49
85
75
$41,983 $31,194
63
33
31
37
86
$39,989
59
36
23
41
87
$46,118
68
46
22
32
93
$52,414
73
50
23
27
93
$71,926
70
49
21
30
92
$66,420
78
52
26
22
93
$81,363
5,799
13.8
4,813
15.4
5,604
14.0
6,040
13.1
6,970
13.3
8,314
11.6
7,944
12.0
8,943
11.0
3,641
8.7
3,492
11.2
3,585
9.0
3,555
7.7
4,150
7.9
4,517
6.3
4,351
6.6
4,799
5.9
2,157
5.1
1,320
4.2
2,020
5.1
2,485
5.4
2,820
5.4
3,797
5.3
3,593
5.4
4,144
5.1
13,913
33.1
11,197
35.9
13,327
33.3
14,992
32.5
16,721
31.9
23,339
32.4
21,598
32.5
26,322
32.4
1,441
3.4
1,327
4.4
1,272
3.2
1,603
3.5
1,653
3.1
2,369
3.4
2,294
3.4
2,498
3.2
7,902
18.8
5,514
17.7
7,695
19.2
8,721
18.9
9,863
18.8
11,374
15.8
11,050
16.6
11,933
14.7
3,072
7.3
2,218
7.1
3,119
7.8
3,289
7.1
3,630
6.9
4,608
6.4
4,340
6.5
5,066.59
6.2
2,059
4.9
1,393
4.5
1,812
4.5
2,367
5.1
2,883
5.5
3,787
5.3
3,434
5.2
4,392
5.4
3,643
8.7
2,085
6.7
3,401
8.5
4,137
9.0
5,285
10.1
8,701
12.1
7,586
11.4
10,615
13.0
4,155
9.9
2,647
8.5
3,758
9.4
4,970
10.8
5,410
10.3
9,434
13.1
8,175
12.3
11,593
14.2
1. Includes cash contributions, alcohol, tobacco, personal care products and services, reading, education, life and personal insurance, and miscellaneous expenses.
SOURCE: U.S. Bureau of Labor Statistics, Consumer Expenditure Survey.
U.S. BUREAU OF LABOR STATISTICS | JANUARY 2014
www.bls.gov
BEYONDTHENUMBERS
P R I C E S
S P E N D I N G
Other spending
In both breakdowns, the dollar amount spent on
healthcare increased with level of education and
associated income. Households at higher levels of
education and associated income spent a lower share
of the budget on healthcare than those at lower levels,
regardless of breakdown.
U.S. BUREAU OF LABOR STATISTICS | JANUARY 2014
A N D
Income sources
For households at the lowest levels of education, sources of
pretax income differed somewhat between the old and the
new breakdowns. These differences might explain some of
5
www.bls.gov
BEYONDTHENUMBERS
P R I C E S
A N D
S P E N D I N G
Table 3
Highest education level of any member: Annual pretax income means and shares, 2012
Less than college graduate
College graduate
Item
All
consumer
units
Total
124,416
100.0
$65,596
76,789
61.7
$44,603
10,571
8.5
$25,159
26,601
21.4
$39,357
25,793
20.7
$48,224
13,825
11.1
$62,809
47,626
38.3
$99,444
28,069
22.6
$85,802
19,557
15.7
$119,023
51,730
78.9
32,845
73.6
14,294
56.8
27,021
68.7
36,477
75.6
51,460
81.9
82,180
82.6
71,135
82.9
98,031
82.4
2,917
4.4
1,874
4.2
1,327
5.3
1,780
4.5
1,950
4.0
2,329
3.7
4,598
4.6
4,211
4.9
5,154
4.3
8,021
12.2
7,420
16.6
7,234
28.8
8,388
21.3
6,888
14.3
6,692
10.7
8,991
9.0
7,242
8.4
11,501
9.7
1,358
2.1
691
1.6
304
1.2
607
1.5
930
1.9
705
1.1
2,432
2.4
1,861
2.2
3,253
2.7
428
0.7
464
1.0
357
1.4
353
0.9
544
1.1
611
1.0
370
0.4
408
0.5
317
0.3
534
0.8
719
1.6
1181
4.7
765
1.9
571
1.2
552
0.9
235
0.2
279
0.3
172
0.1
380
0.6
366
0.8
206
0.8
277
0.7
529
1.1
356
0.6
401
0.4
471
0.5
302
0.3
Other income
Mean
Share
229
0.3
224
0.5
257
1.0
167
0.4
334
0.7
104
0.2
235
0.2
195
0.2
293
0.2
High
Less than
High
school
high
school graduate Associate's
school graduate
with some degree
graduate
college
Total
Master's,
Bachelor's professional,
degree
doctoral
degree
www.bls.gov
BEYONDTHENUMBERS
P R I C E S
A N D
S P E N D I N G
Table 4
Education of reference person: Annual pretax income means and shares, 2012
Less than college graduate
College graduate
Item
All
consumer
units
Total
124,416
100.0
$65,596
85,178
68.5
$49,901
16,246
13.1
$33,154
31,022
24.9
$47,221
25,623
20.6
$55,987
12,287
9.9
$66,122
39,238
31.5
$99,667
24,798
19.9
$89,438
14,440
11.6
$117,233
51,730
78.9
37,707
75.6
22,359
67.4
34,368
72.8
43,408
77.5
54,543
82.5
82,171
82.4
74,554
83.4
95,254
81.3
2,917
4.4
2,060
4.1
1,512
4.6
2,028
4.3
2,198
3.9
2,574
3.9
4,778
4.8
4,736
5.3
4,850
4.1
8,021
12.2
7,592
15.2
7,054
21.3
8,570
18.1
7,182
12.8
6,691
10.1
8,953
9.0
7,053
7.9
12,215
10.4
1,358
2.1
829
1.7
289
0.9
720
1.5
1,361
2.4
710
1.1
2,506
2.5
1,843
2.1
3,643
3.1
428
0.7
462
0.9
376
1.1
406
0.9
506
0.9
626
0.9
355
0.4
356
0.4
354
0.3
534
0.8
688
1.4
1,165
3.5
678
1.4
498
0.9
478
0.7
198
0.2
207
0.2
184
0.2
380
0.6
348
0.7
189
0.6
276
0.6
516
0.9
392
0.6
447
0.4
496
0.6
362
0.3
Other income
Mean
Share
229
0.3
215
0.4
211
0.6
174
0.4
318
0.6
108
0.2
259
0.3
193
0.2
371
0.3
High
Less than
High
school
high
school graduate Associate's
school graduate
with some degree
graduate
college
Total
Master's,
Bachelor's professional,
degree
doctoral
degree
www.bls.gov
BEYONDTHENUMBERS
P R I C E S
unit (CU) member. The rationale for the change was that
the highest level of education attained by any household
member more accurately reflects income and spending
patterns than does the education level of the reference
person only.
S P E N D I N G
Suggested citation:
Ann C. Foster, New education classification better
reflects income and spending patterns in the Consumer
Expenditure Survey, Beyond the Numbers: Prices and
Spending, vol. 3, no. 1 (Bureau of Labor Statistics,
January 2014), www.bls.gov/opub/btn/volume-3/
new-education-classification-better-reflectsincome-and-spending-patterns-in-the-ConsumerExpenditure-Survey.htm.
Upcoming articles
yy Persistence of a high unemployment rate in New
York City during the recovery
A N D
www.bls.gov
BEYONDTHENUMBERS
P R I C E S
A N D
S P E N D I N G
Notes
1.
For example, in 2012, median weekly earnings for full-time workers age 25 and over were $471 for those without a high school
diploma, $652 for high school graduates (no college), and $1,735 for those with a professional degree, such as medicine or law.
For more information, see Earnings and unemployment rates by educational attainment, (Bureau of Labor Statistics, May 23,
2013), www.bls.gov/emp/ep_chart_001.htm.
Data from the Census Bureaus 2011 American Community Survey were used to estimate work-life earningsthe expected
earnings over a 40-year time period for the population age 25-64 who maintain full-time, year-round employment for the
entire period. Median earnings were $936,000 for workers with an eighth grade education or less, compared with $1,371,000
for those with a high school degree, but no college classes and $4,159,000 for those with a professional degree. For more
information, see Tiffany Julian, Work-Life Earnings by Field of Degree and Occupation for People with a Bachelors Degree:
2011 (U.S. Census Bureau, October 2012), www.census.gov/prod/2012pubs/acsbr11-04.pdf.
2.
The reference person is the first household member mentioned by the respondent when asked to Start with the name of the
person or one of the persons who owns or rents the home. It is with respect to this person that the relationship of the other
consumer unit members is determined. In two-parent families, the reference person can be male or female. In one-parent
families, the gender of the reference person is usually that of the sole parent.
3.
In the Consumer Expenditure Survey (CE), the consumer unit is the entity on which expenditure reports are collected.
Consumer units include families, single persons living alone or sharing a household with others but who are financially
independent, or two or more persons living together who share expenses. While consumer unit is the proper technical
term for the purposes of the CE, household or family often is used interchangeably for convenience. This article will use
household instead of consumer unit. For more information, see the BLS Handbook of Methods, chapter 16, Consumer
Expenditures and Income, www.bls.gov/opub/hom/homch16.htm.
4.
The proportion of married couples where the husband has more education than the wife decreased, while the proportion
where the husband and wife had the same level of education remained about the same. For more information, see Rebecca
Chenevert, Changing Levels of Spousal Education and Labor Force Supply, Working Paper 2012-22 (U.S. Census Bureau, 2012)
www.census.gov/people/laborforce/publications/Chenevert_MEA2012.pdf.
5.
For more information, see Robert T. Michael, The Effect of Education on Efficiency in Consumption, the National Bureau of Economic
Research Occasional Paper, no. 116 (New York: Columbia University, 1972), at http://papers.nber.org/books/mich72-1.
6.
For more information, see Robert T. Michael, The Effect of Education on Efficiency in Consumption, the National Bureau of Economic
Research Occasional Paper, no. 116 (New York: Columbia University, 1972), at http://papers.nber.org/books/mich72-1.
7.
For more information, see Mohamed Abdel-Ghany and Ann C. Foster, Impact of Income and Wifes Education on Family
Consumption Expenditures, Journal of Consumer Studies and Home Economics, vol. 6, no. 1, March 1982, pp. 2128.
www.bls.gov