Consumers Spent More in 2011
By: Big 2 News Staff
Updated: September 26, 2012
It appears the sluggish economy isn't stopping people from spending money.
A survey from the Bureau of Labor Statistics shows consumers spending on household expenditures rose more than three percent between 2010 and 2011.
That includes things such as food, transportation costs and health care spending.
It's the first year spending has increased since the height of the Great Recession in 2008.
Overall, the survey found average annual spending rose to 49,705 dollars.
However, it's important to note, the rise in spending last year barely outpaced inflation, which increased more than three percent.
A survey from the Bureau of Labor Statistics shows consumers spending on household expenditures rose more than three percent between 2010 and 2011.
That includes things such as food, transportation costs and health care spending.
It's the first year spending has increased since the height of the Great Recession in 2008.
Overall, the survey found average annual spending rose to 49,705 dollars.
However, it's important to note, the rise in spending last year barely outpaced inflation, which increased more than three percent.
