Thursday, December 18, 2014

Average annual expenditures on gifts of goods and services in 2013

In 2013, gifts of goods and services accounted for 2 percent of total consumer spending. Among these gifts, consumers spent the largest share on education (25 percent). Most education gifts were for college tuition.

Nineteen percent of gift spending was for housing-related items in 2013. Among housing-related items, the largest share was for housing while attending school.

Eighteen percent of gift spending went toward apparel and services. Consumers spent 7 percent on apparel and services for women and girls age 2 and older, compared with 5 percent for men and boys age 2 and older.

These data come from the Consumer Expenditure Survey.

More from the Bureau of Labor Statistics.

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