August 10, 1999 (The Editor’s Desk is updated each business day.)
Pension expenditures drop for all
except highest income group
The share of consumer spending
allocated to pensions was lower in 1996 than in 1986 for all income groups except the
highest.
![Percentage of total expenditures allocated to pension expenditures by income group, 1986 and 1996](https://webarchive.library.unt.edu/web/20120921201703im_/http://www.bls.gov/opub/ted/images/1999/Aug/wk2/art02.gif)
[Chart data—TXT]
Of the five income groups shown in the chart, four reduced
the percentage of their expenditures that went to pensions. The lowest income group
reduced its expenditures on pensions the most—by 0.5 percentage point from 1986 to
1996. In contrast, the highest income group increased the share of its expenditures
allocated to pensions from 4.4 percent to 5.0 percent.
Overall, the percentage of total expenditures contributed to pensions fell slightly,
from 2.4 percent in 1986 to 2.3 percent in 1996. The average expenditure on pensions (in
1996 dollars) fell from $834 in 1986 to $784 in 1996.
These data are a product of the BLS Consumer Expenditure Survey
program. Additional information is available from "Consumer Expenditure Survey:
Quarterly Data from the Interview Survey, Second Quarter 1997: Recent Changes in Pension
Expenditures," BLS Report 931.
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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