December 8, 1998 (The Editor’s Desk is updated each business day.)
Higher share of consumer
expenditures going to homeowner expenses
The share of annual expenditures allocated to
owned dwelling (or homeowner) expenses--mortgage interest and
charges; property taxes; and maintenance, repairs, and insurance--increased
from 1989 to 1995. In 1989, 10.3 percent of total expenditures went to owned dwelling
expenses; by 1995, that figure had risen to 11.6 percent.
[Chart data—TXT]
Each of the three spending components in the owned dwelling category
increased its share of total expenditures during the period. The total share for property
taxes increased the most, up eight-tenths of a percentage point.
Mortgage interest payments and charges, the largest component of the category,
increased its share by almost three-tenths of a percentage point. Maintenance, repairs,
and insurance expenditures also increased its share by three-tenths of a percentage point
during the period.
These data are a product of the BLS Consumer
Expenditure Survey. Additional information is available from
"Owned Dwelling Expenditures by Region", Report 924, October 1998.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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